Rights Issue22 Jul 2026, 06:50 pm
Sumeet Industries Allots 16.84 Cr Rights Shares, Capital Rises
AI Summary
Sumeet Industries Ltd has announced the successful allotment of 16,84,24,217 Rights Equity Shares of face value Rs. 2/- each at a price of Rs. 11.86/- per share. This allotment, approved by the Board of Directors on July 22, 2026, follows the company's Rights Issue as per the Letter of Offer dated June 08, 2026. The issuance has increased the company's paid-up equity share capital from Rs. 1,05,26,51,360/- to Rs. 1,38,94,99,794/-, consequently raising the total number of equity shares to 69,47,49,897.
Key Highlights
- 16.84 crore rights equity shares allotted at Rs. 11.86 each.
- Paid-up equity share capital increased to Rs. 138.95 crore.
- Total equity shares now stand at 69.47 crore.
- Allotment follows company's Rights Issue as per offer letter.
Price Impact
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