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Company News Details

Sumeet Industries Ltd
Industry :  Textiles - Manmade
BSE Code
ISIN Demat
Book Value()
514211
INE235C01036
5.5219333
NSE Symbol
P/E(TTM)
Mar.Cap( Cr.)
SUMEETINDS
74.05
2006.44
EPS(TTM)
Face Value()
Div & Yield %
0.39
2
0
 

Sumeet Industries board approves rights issue of Rs 199.75 cr
Jun 20,2026

Sumeet Industries has announced a rights issue for its eligible shareholders aimed at enhancing financial flexibility and supporting the Company's strategic business priorities.

The board of Sumeet Industries has approved the terms of a rights issue aggregating to Rs 199.75 crore through the issuance of Rs 16.84 crore fully paid-up equity shares. The company proposes to deploy Rs 49 crore from the rights issue proceeds towards the acquisition and operationalisation of additional 140,000 Ton Per Annum Polyester Chips (CP) plant acquired from Nakoda in Surat, Gujarat.

The project involves a total capital outlay of Rs 90 crore; with the balance Rs 41 crore being funded through internal accruals. Expected to be recommissioned in Q1 FY27 28, the facility will strengthen backward integration and support the company's downstream polyester manufacturing operations.

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