NewsCorporate ActionsSumeet Industries Limited Board Meeting Scheduled for January 19, 2026 to Discuss Fund Raising Through Equity SharesSumeet Industries Limited Board Meeting Scheduled for January 19, 2026 to Discuss Fund Raising Through Equity Shares
Sumeet Industries Limited has scheduled a board meeting for January 19, 2026, at 3:30 PM to evaluate fund raising through equity shares and other eligible securities. The company will consider various modes including preferential issue, rights issue, or other permissible combinations, subject to necessary approvals. The meeting notification has been sent to BSE and NSE in compliance with SEBI regulations.
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Sumeet Industries Limited has announced a board meeting scheduled for January 19, 2026, to discuss potential fund raising initiatives. The company informed both BSE Limited and National Stock Exchange of India Limited about the meeting through an official communication dated January 12, 2026.
Meeting Details and Agenda
The board meeting is scheduled to be held on Monday, January 19, 2026, at 3:30 PM at the company's registered office. The meeting has been convened in compliance with Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
| Parameter: | Details |
|---|---|
| Meeting Date: | January 19, 2026 |
| Meeting Time: | 3:30 PM |
| Venue: | Registered Office of the Company |
| Regulation: | SEBI Regulation 29 |
Fund Raising Evaluation
The primary agenda item focuses on evaluating various fund raising options for the company. The board will consider multiple financing instruments and methods to raise capital.
The fund raising evaluation will cover:
- Issue of equity shares and other eligible securities
- Warrants or any combination of securities
- Securities representing equity shares
- Convertible or exchangeable securities for equity shares
Proposed Fund Raising Methods
The board will assess different modes of fund raising to determine the most appropriate approach for the company's requirements.
| Method: | Description |
|---|---|
| Preferential Issue: | Direct issue to selected investors |
| Rights Issue: | Offering to existing shareholders |
| Other Permissible Modes: | Alternative methods as per regulations |
| Combination Approach: | Mix of different methods |
Regulatory Compliance
The company has fulfilled its disclosure obligations by notifying the stock exchanges about the board meeting. Anil Kumar Jain, Company Secretary and Compliance Officer, signed the official communication sent to both exchanges.
All proposed fund raising activities will be subject to necessary regulatory approvals and compliance with applicable securities laws. The board meeting will also address any other business matters with the permission of the chair and majority of directors.
Historical Stock Returns for Sumeet Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.19% | -7.82% | -10.38% | -77.69% | -51.57% | +3,513.33% |
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