Rights Issue10 Jun 2026, 10:59 am
Sumeet Industries Sets June 12 Record Date for ₹199.75 Cr Rights Issue
AI Summary
Sumeet Industries Ltd has announced the record date for its upcoming rights issue as June 12, 2026. The company plans to raise ₹199.75 crore by issuing 16,84,24,218 equity shares at a price of ₹11.86 per share. Eligible shareholders will receive 8 rights shares for every 25 shares held. The issue will open on June 22, 2026, and close on July 20, 2026. This move aims to strengthen the company's financial position and fund its growth initiatives.
Key Highlights
- Record date for rights issue set as June 12, 2026.
- Rights issue size of ₹199.75 crore with 16.84 crore shares.
- Issue price fixed at ₹11.86 per equity share.
- Entitlement ratio: 8 shares for every 25 held.
- Issue opens June 22 and closes July 20, 2026.
Price Impact
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