AGM/EGM1 Aug 2026, 12:30 pm
Sumeet Industries Ltd to hold EGM on Aug 24 for share issuance
AI Summary
Sumeet Industries Limited has announced an Extra-Ordinary General Meeting (EGM) to be held on August 24, 2026, at 4:00 PM IST via Video Conferencing. The primary agenda is to consider and approve the issuance of up to 84,31,195 equity shares to non-promoters on a preferential basis. These shares will be issued upon the conversion of Optionally Convertible Redeemable Preference Shares (OCRPS) at a conversion price of ₹33.21 per share. The meeting will also cover other special business as detailed in the notice. E-voting will be open from August 21 to August 23, 2026.
Key Highlights
- EGM scheduled for August 24, 2026, to approve share issuance.
- Issuance of up to 84,31,195 equity shares to non-promoters.
- Conversion of OCRPS at ₹33.21 per share.
- Meeting to be held via Video Conferencing.
- E-voting period: August 21-23, 2026.
Price Impact
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