Latest news about Sumeet Industries
Sumeet Industries
14.82
-0.78(-5.00%)
Company Performance:
View Company Insights1D-5.00%
1M-53.28%
6M-35.79%
1Y-27.21%
5Y+1,031.30%
More news about Sumeet Industries
23Jul 26
Sumeet Industries finalizes ₹1,997.51 crore rights issue allotment
Sumeet Industries Limited has successfully completed its rights issue, allotting 16.84 crore shares worth up to ₹19,975.11 lakhs at ₹11.86 per share. Renouncees accounted for over 51% of the allotted value, indicating strong external investor interest. The shares will begin trading on July 24, 2026, following regulatory filings with BSE and NSE.
15Jul 26
Sumeet Industries confirms no financial impact from audit qualification
Sumeet Industries Limited responded to an NSE query regarding the format of its Statement of Impact of Audit Qualifications for FY26. The company confirmed that the qualification concerning interest payable under the MSMED Act, 2006, did not result in any financial adjustments, as no interest was demanded by vendors. The audited figures for both standalone and consolidated financial statements remain unchanged, with a net profit of ₹2582.39 lakh.
23Jun 26
Sumeet Industries closes trading window from July 1
Sumeet Industries Ltd closed its trading window on July 1, 2026, restricting trading for designated persons. The window will reopen 48 hours after the Q1FY26 financial results are declared to ensure compliance with regulatory standards.
20Jun 26
Sumeet Industries announces ₹199.75 Cr rights issue to fund expansion
Sumeet Industries announced a ₹199.75 Cr rights issue to fund capacity expansion, debt reduction, and a solar project. The issue opens on June 22, 2026, with a record date of June 12, 2026.
19Jun 26
Sumeet Industries Aims to Expand Capacity by 30,000 TPA Over 3 Years, Targeting Additional INR 300 Crore Revenue Per Year by FY27
Sumeet Industries has announced a capacity expansion plan to add 30,000 TPA over three years, with a target of generating an additional INR 300 crore in annual revenue by FY27. The initiative aligns the company's production scale with its long-term revenue objectives.
19Jun 26
Sumeet Industries returns to profitability in FY26
Sumeet Industries returned to profitability in FY26 with a net profit of ₹23.61 Cr, reversing the previous year's loss. Total income rose 4.78% to ₹1,053.81 Cr, while EBITDA surged 313.84% to ₹60.77 Cr. The company announced a ₹199.75 Cr rights issue to fund expansion and debt repayment.
13Jun 26
Sumeet Industries to host virtual analyst meet on June 18
Sumeet Industries announced a virtual meeting with analysts and investors on June 18, 2026, at 4:00 PM IST. The session will cover business performance and outlook based on publicly available information, excluding unpublished price sensitive information. The schedule is subject to change, and the disclosure was filed under Regulation 30 of the SEBI Listing Regulations.
02Jun 26
Sumeet Industries FY26 PAT at ₹27.33 Cr, EBITDA surges
Sumeet Industries reported a PAT of ₹27.33 Cr for FY26, turning profitable from a loss. EBITDA surged 313.84% to ₹60.77 Cr on a total income of ₹1,053.81 Cr.
22May 26
Sumeet Industries promoter declares no share encumbrance for FY26
Sumeet Industries Limited disclosed that its promoter, Mr. Radheshyam B Jaju, along with the promoter group and Persons Acting in Concert, has not created any new encumbrances on shares during the financial year ended March 31, 2026, other than those previously disclosed.
18May 26
Sumeet Industries Limited Schedules Board Meeting on May 29, 2026 to Approve FY26 Audited Financial Results
Sumeet Industries Limited has informed the BSE and NSE of a Board of Directors meeting scheduled for May 29, 2026, at 4:00 PM at its Surat office. The primary agenda is to consider and adopt standalone and consolidated audited financial results for the quarter and year ended March 31, 2026. The trading window, closed since April 1, 2026, will reopen 48 hours after the declaration of results. The intimation was issued on April 18, 2026, and signed by Company Secretary Anil Kumar Jain.
08Apr 26
Sumeet Industries Files Q4FY26 Dematerialization Certificate with Stock Exchanges
Sumeet Industries Limited submitted its Q4FY26 certificate under SEBI Regulation 74(5) to BSE and NSE, confirming no dematerialization requests were received from January to March 2026. The certificate was prepared by registrar Bigshare Services Pvt. Ltd. and filed by Company Secretary Anil Kumar Jain on April 8, 2026, ensuring compliance with quarterly reporting requirements.
18Mar 26
Sumeet Industries Confirms ₹23.47 Crore Nakoda Acquisition Under Regulation 30
Sumeet Industries Limited has successfully acquired Nakoda Limited's polyester chips manufacturing assets for ₹23.47 crore through a slump sale transaction. The acquisition adds 400 tons per day production capacity and 1,46,000 tons annual capacity, strengthening the company's polyester value chain operations in Gujarat.
18Feb 26
Sumeet Industries Reports Q3FY26 Results, Announces INR200 Crore Rights Issue
Sumeet Industries Limited reported Q3FY26 consolidated total income of INR267.74 crores with EBITDA of INR16.66 crores and profit after tax of INR9.04 crores during its February 13, 2026 earnings call. The company announced a INR200 crore rights issue and operates at over 95% capacity utilization with plans for 30-40% expansion.
13Feb 26
Sumeet Industries Makes Q3 FY26 Earnings Call Recording Available Online
Sumeet Industries Limited has successfully conducted its earnings conference call for Q3 and 9M FY26 results on February 13, 2026, featuring senior management including Chairman Mr. Radheshyam B Jaju and Managing Director Mr. Pratik R Jaju. The company has now made the complete audio recording available on its website and informed stock exchanges as per regulatory requirements under SEBI LODR Regulations.
29Jan 26
Sumeet Industries Receives NSE Approval for Promoter Reclassification with Warning Letter
Sumeet Industries Limited received NSE approval on January 28, 2026, for reclassifying 16 erstwhile promoters from Promoter Group to Public category under Regulation 31A(9) of SEBI LODR. The reclassification includes 10 individual promoters from the Somani family and 6 corporate entities, all currently holding nil shares. However, NSE also issued a warning letter for delayed disclosure compliance, as the company disclosed the application submission 55 days late instead of within the mandated 24 hours.
20Jan 26
Sumeet Industries Applies for Reclassification of 16 Erstwhile Promoters to Public Category
Sumeet Industries Limited has applied for reclassification of 16 erstwhile promoters from promoter group to public category under SEBI regulations, following an NCLT-approved resolution plan under the Insolvency Code 2016. All entities seeking reclassification currently hold zero shares in the company.
19Jan 26
Sumeet Industries Board Approves Rights Issue to Raise Up to ₹200 Crore Through Equity Shares
Sumeet Industries' board has approved a rights issue to raise up to ₹200 crore through equity shares. The proposal awaits regulatory approval and shareholder consent before implementation. This capital raising initiative will allow existing shareholders to purchase additional shares proportionally to their current holdings.
12Jan 26
Sumeet Industries Schedules Board Meeting to Consider Equity Fundraising on January 19th
Sumeet Industries has scheduled a board meeting for January 19th to consider raising funds through equity share issuance. The announcement indicates the company's exploration of capital expansion opportunities, though specific details about the fundraising quantum and intended use of proceeds have not been disclosed.
12Jan 26
Sumeet 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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566.85
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762.25
(-3.38%)
716.45
(-1.29%)
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523.60
(-1.69%)
134.63
(+0.48%)
975.90
(-9.18%)
40.19
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