Sumeet Industries Limited has filed its mandatory quarterly certificate with the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026.

Regulatory Compliance Certificate

The certificate, dated April 8, 2026, was signed by Company Secretary Anil Kumar Jain and submitted to both stock exchanges. The filing confirms compliance with SEBI's quarterly reporting requirements for securities dematerialization activities.

Dematerialization Status

Bigshare Services Pvt. Ltd., serving as the company's Registrar and Share Transfer Agent, confirmed in their certificate dated April 6, 2026, that no dematerialization requests for equity shares were received during the specified quarter. The confirmation was provided under reference number BSS/Reg 74(5)/25-26.

Company Information

Sumeet Industries Limited operates with its registered office located at 504, Trividh Chambers, Opp Fire Station Ring Road, Surat-395002. The company's equity shares have a face value of Rs. 2 each and are identified by ISIN INE235C01036.

Stock Exchange Details

The company maintains its listing on both major Indian stock exchanges:

• BSE Limited: Scrip Code 514211
• National Stock Exchange: Symbol SUMEETINDS

This quarterly certificate filing represents part of the company's ongoing regulatory compliance obligations, ensuring transparency in securities dematerialization processes as mandated by SEBI regulations.

Sumeet Industries Limited has officially announced the successful acquisition of Nakoda Limited's polyester chips manufacturing assets for ₹23.47 crore through a slump sale transaction. The company issued a press release under Regulation 30 of SEBI regulations, confirming its position as the highest bidder (H1 Bidder) for the Phase-3 Chips Manufacturing Plant assets.

Official Acquisition Confirmation

The Board of Directors unanimously approved the Letter of Intent dated 11th March 2026 during their meeting held on 17th March 2026. The acquisition involves Nakoda Limited's complete polyester chips manufacturing facility located at Village Karanj, Tal Mandvi, District Surat, Gujarat.

Strategic Capacity Enhancement

The acquisition significantly strengthens Sumeet Industries' polyester chips manufacturing capabilities, adding approximately 400 tons per day of incremental capacity. This expansion aligns with the company's existing business operations in polyester manufacturing, including Pet Chips, Partially Oriented Yarn (POY), and Fully Drawn Yarn (FDY).

Management Commentary and Vision

Mr. Pratik R. Jaju, Managing Director, emphasized the strategic importance of this acquisition: "This acquisition strengthens our presence in the polyester value chain and expands our Polyester Chips manufacturing capacity. The addition of this facility enhances our production scale and supports better integration with our downstream yarn business including POY and FDY."

Company Performance and Background

Sumeet Industries, incorporated in 1988, operates as an integrated polyester manufacturer under the Eagle Group following the NCLT order dated 16th July 2024. The company reported strong financial performance in 9M FY26 with total income of ₹786.83 crore, EBITDA of ₹46.09 crore, and Profit After Tax of ₹26.88 crore.

Regulatory Compliance and Next Steps

The transaction was conducted under the Corporate Insolvency Resolution Process following the Insolvency and Bankruptcy Code 2016. The acquisition does not constitute a related party transaction and is subject to necessary regulatory approvals. The company expects completion within 180 days from the Letter of Intent signing date.