Sumeet Industries Approves Allotment of 16.84 Crore Rights Equity Shares; Share Capital Increases to ₹138.95 Crore

Sumeet Industries Limited (BSE: 514211 | NSE: SUMEETINDS) announced that its Board of Directors has approved the allotment of 16,84,24,217 Rights Equity Shares. The decision was finalized during the board meeting held today, following consultation with BSE Limited (the Designated Stock Exchange) and the Registrar to the Issue, Bigshare Services Private Limited.

Terms of the Allotment and Equity Expansion

The allotment was executed in accordance with the terms laid out in the company's Letter of Offer dated June 08, 2026. Key specifics of the rights equity share issuance include:

Number of Shares Allotted: 16,84,24,217 Rights Equity Shares

Face Value: ₹2/- per share

Issue Price: ₹11.86 per share

Impact on Paid-Up Share Capital

Following the successful allotment, the paid-up equity share capital of Sumeet Industries Limited has expanded as follows:

Pre-Allotment Capital: ₹1,05,26,51,360, comprising 52,63,25,680 equity shares of face value ₹2/- each.

Post-Allotment Capital: ₹1,38,94,99,794, comprising 69,47,49,897 equity shares of face value ₹2/- each.

The meeting of the Board of Directors commenced at 05:10 PM IST and concluded at 06:15 PM IST on July 22, 2026.

Source : Equity Bulls

Keywords

SumeetIndustries SharesAllotment RightsIssue