Sumeet Industries Ltd. Announces Stock Split, Capacity Expansion, and Solar Projects
Sumeet Industries Ltd. has announced a subdivision of its equity shares from Rs. 10/- to Rs. 2/- per share. The company also approved a capacity expansion by purchasing FDY lines with a capacity of 40 Tons Per day, which will increase the FDY production capacity from 120 Ton per day to 160 Ton Per day. Additionally, the company is replacing its old Air Compressors with Centrifugal Compressors, which will reduce power consumption and save in Power Cost by approx. 5.00 Cr per annum. Sumeet Industries Ltd. also announced the setup of 34 MW of Solar based Power Plant under captive mode, and the re-appointment of MR. Saurav Santosh Dugar as Independent, Non-Executive Director. The company's Register of Members will remain closed from Sunday 24th August 2025 to Saturday, 30th August, 2025 for the purpose of the 37th Annual General Meeting (AGM).
Key Highlights
- Stock split from Rs. 10/- to Rs. 2/- per share
- Capacity expansion by purchasing FDY lines with a capacity of 40 Tons Per day
- Replacement of old Air Compressors with Centrifugal Compressors
- Setup of 34 MW of Solar based Power Plant under captive mode
- Re-appointment of MR. Saurav Santosh Dugar as Independent, Non-Executive Director