Sumeet Industries Approves Terms for Right Issue, Allocating Over 16.84 Crore Equity Shares
Sumeet Industries Limited has approved the comprehensive terms and conditions related to a proposed Right Issue following its Board of Directors meeting held on June 08, 2026. The resolution detailed the structure and timeline for the issue, designating BSE Limited as the stock exchange for the transaction.The company confirmed that the total number of equity shares available in this Right Issue stands at 16,84,24,218 Nos., aggregating to a value of Rs. 199,75,11,225/- (Rupees One hundred Ninety Nine Crores Seventy Five Lakh Eleven Thousand Two Hundred Twenty Five only).
The key financial parameters approved by the Board include the Right Issue Price of Rs. 11.86/- per Equity Share, noting that the shares have a Face Value of Rs. 2/- each. The Rights Entitlement Ratio established is eight (Eight) Rights Equity Shares for every twenty five (Twenty five) Equity share held by eligible shareholders as determined on the Record Date.
Sumeet Industries Limited has made necessary arrangements with NSDL and CDSL to ensure the dematerialized credit of Rights Entitlements in the demat accounts of eligible equity shareholders, as per regulations. The International Securities Identification Number (ISIN) designated for this purpose is INE235C20010.
The schedule governing the Right Issue is detailed below:
| Parameter | Detail |
|---|---|
| Record Date | June 12, 2026 |
| Issue Opening Date | June 22, 2026 |
| Last date for Market Renunciation | July 16, 2026 |
| Issue Closing Date | July 20, 2026 |
The Board also approved the 'Letter of Offer,' which will be filed alongside the Rights Entitlement Letter and Application Form. The company confirmed that the rights entitlement of eligible equity shareholders will be credited into their respective demat accounts prior to the issue opening date.
SUMEETINDS Stock Price Movement
Sumeet Industries Limited closed lower today, shedding 1.42% as the stock settled at ₹27.18. Throughout the session, the shares traded within a confined range, dipping to a low of ₹26.21 and peaking at ₹27.49.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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