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Sumeet Industries Limited announced that its board approved the allotment of 84,31,195 equity shares with a face value of Rs 2 each to non-promoter investors for Rs 28.00 crore, following the conversion of Optionally Convertible Redeemable Preference Shares (OCRPs) at a price of Rs 33.21 per share, including a premium of Rs 31.21. The OCRPs were initially allotted on December 11, 2024, as part of a National Company Law Tribunal-approved resolution plan dated July 16, 2024, and are being converted to equity shares upon expiry of their tenure.

Sumeet Industries Limited announced that its board approved the allotment of 84,31,195 equity shares with a face value of Rs 2 each to non-promoter investors for Rs 28.00 crore, following the conversion of Optionally Convertible Redeemable Preference Shares (OCRPs) at a price of Rs 33.21 per share, including a premium of Rs 31.21. The OCRPs were initially allotted on December 11, 2024, as part of a National Company Law Tribunal-approved resolution plan.

Sumeet Industries Limited will hold its 38th Annual General Meeting on September 29, 2026, at 12:30 P.M. (IST) via video conferencing or other audio visual means, with the Register of Members closed from September 23, 2026, to September 29, 2026, and e-voting available from September 26, 2026, at 9:00 A.M. IST to September 28, 2026, at 5:00 P.M. IST, facilitated by Bigshare e-voting platform, while September 22, 2026, is the cut-off date for e-voting eligibility.

Sumeet Industries Limited informed the BSE Limited and National Stock Exchange of India Ltd that its Extraordinary General Meeting (EGM) was held on August 24, 2026, where a special resolution was passed for the issuance of equity shares upon conversion of Optionally Convertible Redeemable Preference Shares (OCRPS) to non-promoters on a preferential basis, and Dhirren R. Dave & Co. was appointed as the scrutinizer for the remote e-voting and e-voting process.

Sumeet Industries Limited will hold a meeting of its Board of Directors on September 4, 2026, to consider providing loans, guarantees, or security under Sections 185 and 186 of the Companies Act, 2013, and to approve a variation in the objects of a rights issue mentioned in a Letter of Offer dated June 8, 2026. The board will also consider and approve the Directors’ report for the year 2025-26, decide the date and venue of the Annual General Meeting, fix the record date and date of Book Closure, and appoint a scrutinizer for the ensuing Annual General Meeting.