Sumeet Industries Allots 16.84 Cr Rights Equity Shares

Sumeet Industries Ltd's Board of Directors, at a meeting on June 22, 2026, approved the allotment of 16,84,24,217 Rights Equity Shares. These shares, with a face value of ₹2/- each, were allotted for cash at a price of ₹11.86/- per share, as part of the Company's Rights Issue. This action, in accordance with the Letter of Offer dated June 08, 2026, has increased the company's paid-up Equity Share Capital from ₹1,05,26,51,360/- (52,63,25,680 shares) to ₹1,38,94,99,794/- (69,47,49,897 shares).