Sumeet (SUMEETINDS) — Board Meeting

📢 Key Event
Board approved preferential share issue and Rs.49.90 crore CP plant allocation.

🔄 What Changed
Rs.28 crores raised via preferential issue; Rs.49.90 crores earmarked for CP plant integration.

🔮 What's Next
None

Sumeet Industries approved a preferential issue of up to 8.43 million equity shares at Rs.33.21 each, raising Rs.28 crores from non-promoter investors, alongside a Rs.49.90 crore allocation for CP plant integration. The board also appointed a company secretary and a scrutiny firm for the upcoming EGM.

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About Sumeet Industries Limited (SUMEETINDS)

Textiles · Textiles & Apparels · Listed on NSE

Market Cap: ₹1,555.82 Cr P/E: 16.4

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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