Split5 Aug 2025, 06:31 pm
Sumeet Industries Approves Stock Split, Acquires Stake in Hi-Urja Techno LLP, and Expands Solar Power Capacity
AI Summary
Sumeet Industries Ltd. has approved a stock split of its equity shares, from a face value of Rs. 10/- each to Rs. 2/- each. The company has also announced the acquisition of a 27% stake in Hi-Urja Techno LLP for power procurement under the group captive scheme. Additionally, Sumeet Industries is expanding its solar power capacity from 120 Tons per day to 160 Tons per day, and has received approval for 20 MW under Stage -II approval from GETO. The company has also appointed a scrutinizer for its Annual General Meeting and authorized e-voting for the shareholders.
Key Highlights
- Sumeet Industries approves a stock split of its equity shares.
- The company acquires a 27% stake in Hi-Urja Techno LLP for power procurement under the group captive scheme.
- Sumeet Industries expands its solar power capacity from 120 Tons per day to 160 Tons per day.
- The company has received approval for 20 MW under Stage -II approval from GETO.
- E-voting facility is being provided to the shareholders for the Annual General Meeting.