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.

Sumeet Industries shareholders approved a special resolution for the issuance of equity shares upon conversion of Optionally Convertible Redeemable Preference Shares (OCRPS) to non-promoters on a preferential basis.

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.

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.

Resolution Outcome

The sole agenda item transacted was the special resolution regarding the preferential issuance of equity shares to non-promoters following the conversion of OCRPS. Members exercised their voting rights through remote e-voting and e-voting facilities provided during the meeting.