Sumeet Industries Limited Issues Corrigendum Rectifying Market Renunciation Date for Rights Issue
Sumeet Industries Limited has issued a Corrigendum concerning its Letter of Offer, Abridged Letter of Offer, and associated application forms for an ongoing Rights Issue. The revision addresses a minor typographical error regarding the last date for Market Renunciation.The company confirmed that the Board of Directors had approved the issuance of this Corrigendum to rectify the mistake observed subsequent to the initial filing of the Letter of Offer.
Correction to Market Renunciation Date
The original Letter of Offer incorrectly stated the last date for Market Renunciation as July 16, 2026. The company has officially corrected this detail through the Corrigendum. The accurate and revised last date for closing of Market Renunciation is July 15, 2026.Sumeet Industries Limited emphasizes that there are no changes to the terms of the issue except for the correction regarding the market renunciation deadline. Investors are advised to read the Letter of Offer in conjunction with this Corrigendum.
Details of the Rights Issue
The rights issue involves offering up to 16,84,24,218 fully paidup equity shares of Sumeet Industries Limited. The key details related to the issuance include:| Feature | Detail |
|---|---|
| Total Shares Offered | Up to 16,84,24,218 |
| Issue Price | ₹11.86 per equity share (including premium) |
| Face Value | ₹2/- per share |
| Rights Ratio | 8 Rights Equity Shares for every 25 fully paid up Equity Shares held |
| Record Date | June 12, 2026 |
| Maximum Aggregate Amount | Up to ₹19,975.11 Lakhs (assuming full subscription) |
This Corrigendum is available on the respective websites of Sumeet Industries Limited, the Registrar to the Issue, and the Stock Exchanges.
SUMEETINDS Stock Price Movement
Sumeet Industries Limited closed today with its stock rallying slightly, settling at ₹25.85 after climbing 0.08%. Traded volume for the equity totaled 4.85 million shares during the day's session.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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