Sumeet Industries has been declared as the Successful Bidder (H1 Bidder) for the acquisition of assets at Phase-3: Chips Manufacturing Plant of Nakoda under the Corporate Insolvency Resolution Process. The Board of Directors of the Company, at its meeting held today, has considered and unanimously approved the Letter of Intent dated 11 March 2026, confirming the acquisition of the said assets under slump sale. Nakoda, a Surat-based company, was engaged in the manufacturing of Polyester Chips. The acquisition includes land and building admeasuring approximately 11,534 square meters along with the entire plant and machinery situated at Phase-3: Chips Manufacturing Plant.Powered by Capital Market - Live News

Sumeet Industries will hold a meeting of the Board of Directors of the Company on 17 March 2026.Powered by Capital Market - Live News

Net profit of Sumeet Industries declined 90.70% to Rs 9.04 crore in the quarter ended December 2025 as against Rs 97.18 crore during the previous quarter ended December 2024. Sales rose 6.02% to Rs 266.92 crore in the quarter ended December 2025 as against Rs 251.76 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales266.92251.76 6 OPM %5.932.53 - PBDT14.145.79 144 PBT9.160.55 1565 NP9.0497.18 -91 Powered by Capital Market - Live News

Sumeet Industries will hold a meeting of the Board of Directors of the Company on 12 February 2026.Powered by Capital Market - Live News

The board of Sumeet Industries at its meeting held on 19 January 2026 has approved raising of funds by way of a rights issue of Rs 200 crore. Powered by Capital Market - Live News