Sumit Woods Limited Shares Listed Following Preferential Issue of 25,90,000 Equity Shares
Sumit Woods Limited announced that its further issue of equity shares allotted on a preferential basis has been successfully listed and admitted to dealings on the National Stock Exchange (NSE). The shares represent the conversion of warrants previously issued by the company.The listing confirms the allotment of 25,90,000 Equity shares, each priced at Rs. 10. The total shares are categorized under the symbol SUMIT and belong to the EQ series.
The shares became listed and admitted to dealings on the Exchange starting from April 20, 2026.
The details of the listed securities, including the allotted shares, are as follows:
| Security Description | Symbol | Series | No. of Securities | Distinctive Numbers |
|---|---|---|---|---|
| Equity shares of Rs. 10/- each allotted pursuant to conversion of warrants issued on preferential basis | SUMIT | EQ | 25,90,000 | 45268754 to 47858753 |
The company also provided details regarding the lock-in period for these shares. The 25,90,000 shares, with distinctive numbers ranging from 45268754 to 47858753, are subject to a lock-in period until October 20, 2027.
SUMIT Stock Price Movement
On Friday, Sumit Woods Limited shares edged higher, closing at ₹59.29 after rallying 13.63% in session. The stock finished on a robust volume of 426,392 shares, demonstrating strong momentum from the previous day's close of ₹51.06.Source:
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