This disclosure pertains to a corrigendum issued by Sumeet Industries Limited to correct a typographical error in the documents related to its ongoing Rights Issue.
Details of the Error and Correction
A typographical error was identified in the originally filed Letter of Offer dated June 08, 2026. The last date for Market Renunciation was incorrectly mentioned as July 16, 2026. The correct and revised last date for Market Renunciation is July 15, 2026.
Rights Issue Details
The Rights Issue involves:
- Number of Shares: Up to 16,84,24,218 fully paid-up equity shares
- Face Value: ₹2 per share
- Issue Price: ₹11.86 per Rights Equity Share (including a share premium of ₹9.86 per share)
- Total Issue Size: Up to ₹19,975.11 lakhs (approximately ₹199.75 crore)*
- Price to Face Value Multiple: 5.93 times
- Basis of Issue: 8 Rights Equity Shares for every 25 fully paid-up equity shares held
- Record Date: June 12, 2026
*Assuming full subscription
Approval and Availability
The Board of Directors approved the issuance of this corrigendum at a meeting held on June 17, 2026, at the company's registered office in Surat. The meeting commenced at 5:00 PM and concluded at 6:25 PM.
The corrigendum is available on the websites of the company, the Registrar to the Issue, and the Stock Exchanges. Investors are advised to read the Letter of Offer in conjunction with this corrigendum.
Financial Impact
The disclosure does not quantify any financial impact from this corrigendum, as it only corrects a date reference. The terms and financial structure of the Rights Issue remain unchanged.