Sumeet Industries shareholders approved the preferential issuance of equity shares upon conversion of Optionally Convertible Redeemable Preference Shares (OCRPS) to non-promoters. The special resolution passed with 99.99% support from voting shareholders.

The Extraordinary General Meeting (EGM) was held on Monday, August 24, 2026, via Video Conferencing and Other Audio Visual Means. The meeting commenced at 4:00 pm and concluded at 4:40 pm.

Voting Results

A total of 462,308,464 votes were polled out of 694,749,897 shares held by shareholders on the cut-off date of August 17, 2026. This represents a 66.54% turnout.

Promoter and Promoter Group shareholders held 472,800,965 shares and voted unanimously in favour. Public Non-Institutional shareholders, holding 221,948,932 shares, also supported the resolution with minimal dissent.

Meeting Details

Mr. Pratik R Jaju, Managing Director, chaired the meeting. The requisite quorum was present. Key committee chairmen, including those from the Audit Committee, Nomination and Remuneration Committee, and Investor Grievance cum Stakeholders' Relationship Committee, attended.

Representatives from the Statutory Auditor and Secretarial Auditors were also present. Dhirren R. Dave & Co., Practicing Company Secretaries, served as the scrutinizer for the remote e-voting process. The e-voting period remained open from August 21, 2026, to August 23, 2026.

Sumeet Industries Limited has scheduled a meeting of its Board of Directors for September 4, 2026, at 11:30 am. The session will focus on approving a variation in the objects of the Rights Issue mentioned in the Letter of Offer dated June 8, 2026.

The meeting will be held in physical or audio-video visual mode at the company’s registered office in Surat. Pursuant to Regulation 29 and 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company notified stock exchanges on August 24, 2026.

Agenda Highlights

The Board will address several statutory and corporate governance matters alongside the rights issue variation. Key agenda items include:

• Providing loans, guarantees, or security under Section 185 and Section 186 of the Companies Act, 2013
• Approving the Directors' report for the year 2025-26
• Deciding the date, venue, and record date for the Annual General Meeting (AGM)
• Appointing a scrutinizer for the ensuing AGM

Anil Kumar Jain, Company Secretary, signed the intimation filed with BSE Limited and National Stock Exchange of India Ltd.