SUMEET INDUSTRIES LTD.-$

Sumeet Industries Ltd has announced that its Board of Directors will convene on October 31, 2026, at 4:00 PM IST. The meeting, held physically or via audio/video visual mode at the company's registered office in Surat, will focus on approving the standalone and consolidated un-audited financial results for the quarter and half-year ended September 30, 2026. The trading window for designated persons will reopen 48 hours after the results are declared.

Sumeet Industries Ltd has announced the closure of its trading window for dealing in the company's equity shares. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015. The window will be shut for directors, promoters, KMPs, designated employees, auditors, and their immediate relatives. It commences from October 1, 2026, and will remain closed until 48 hours after the declaration of the financial results for the quarter and half-year ended September 30, 2026. The specific date for the board meeting to approve these results will be communicated separately.

Sumeet Industries Ltd announced the allotment of 84,31,195 equity shares of face value Rs. 2 each to non-promoters upon conversion of Optionally Convertible Redeemable Preference Shares (OCRPs). The conversion price was Rs. 33.21 per share, aggregating to Rs. 28.00 Crores. This preferential issue was made in accordance with SEBI ICDR Regulations. The OCRPs were initially allotted on December 11, 2024, as part of an NCLT-approved Resolution Plan and are now being converted upon expiry of their tenure. The allotment results in non-promoters holding 1.19% of the total equity.

Sumeet Industries Ltd has approved the allotment of 84,31,195 equity shares of face value Rs. 2 each to non-promoters. This allotment is a conversion of Optionally Convertible Redeemable Preference Shares (OCRPs) on a preferential basis. The conversion price is Rs. 33.21 per share, including a premium of Rs. 31.21, aggregating to Rs. 28.00 Crores. The OCRPs were originally allotted on December 11, 2024, in compliance with an NCLT approved Resolution Plan. The conversion follows the expiry of the OCRP tenure.

Sumeet Industries Ltd has released its Annual Report for the financial year 2025-26. The company reported a revenue of ₹71050.41 Crores, marking a 4.7% growth over the previous year. Net profit before exceptional items stood at ₹31.59 Crores, a significant increase from ₹9.68 Crores in the prior year. This performance was attributed to higher contributions from value-added yarns, strengthened platforms, deepened customer relationships, operational discipline, and cost optimization. The Chairman's message highlighted the company's adaptation to the evolving Indian Textile Industry, embracing smarter technologies and processes. Despite global economic headwinds from trade policy shifts and rising trade barriers, the Indian economy showed resilience with a projected GDP growth of 6.5% in FY25. The company also emphasized its commitment to social initiatives, responsible manufacturing, and energy conservation.

Sumeet Industries Ltd announced its 38th Annual General Meeting (AGM) will be held on September 29, 2026, via Video Conferencing. The company has set the book closure period from September 23, 2026, to September 29, 2026, inclusive, for the AGM. Shareholders will have the opportunity to vote electronically through the Bigshare e-voting platform, with the e-voting period commencing on September 26, 2026, and concluding on September 28, 2026. A cut-off date of September 22, 2026, is set for e-voting eligibility. The Annual Report for 2025-26, including financial statements and board/auditor reports, will be sent electronically to members with registered email addresses.

Sumeet Industries Ltd announced its 38th Annual General Meeting (AGM) will be held on September 29, 2026, via Video Conferencing. The book closure for the AGM will be from September 23 to September 29, 2026. The company is offering e-voting from September 26 to September 28, 2026, with September 22, 2026, as the cut-off date for e-voting eligibility. The AGM agenda includes adopting financial statements for FY 2025-26, re-appointment of a director, and appointment of statutory auditors M/s. H T K S & Co. for two years.

Sumeet Industries Ltd's Board of Directors approved providing loans/guarantees up to ₹250 Crores to group entities Hi Urja Techno LLP and Sumeet Speciality Chips Limited. The board also approved a variation in the objects of the rights issue, including investments in a solar power plant, repayment of borrowings, and capital infusion into Sumeet Speciality Chips Limited. Additionally, the Directors' Report for FY26 was approved, and the 38th Annual General Meeting is scheduled for September 29, 2026, with book closure from September 23-29, 2026, and e-voting from September 26-28, 2026. The record date for e-voting is September 22, 2026.

Sumeet Industries Ltd has announced the successful commissioning of its new FDY production lines with a capacity of 40 Tons Per Day (TPD). The new lines commenced operations after a trial run starting September 1, 2026. This expansion increases the company's total FDY production capacity from 120 TPD to 160 TPD. The company anticipates this increase in capacity will lead to higher revenue and improved profitability.

Sumeet Industries Ltd has announced a Board of Directors meeting scheduled for September 4, 2026. The meeting agenda includes considering and approving various financial matters such as providing loans, guarantees, and securities under Sections 185 and 186 of the Companies Act, 2013. Additionally, the board will discuss and potentially approve variations in the objects of the company's Rights Issue, which was detailed in a Letter of Offer dated June 8, 2026. Other key items on the agenda are the approval of the Directors' report for FY2025-26, deciding the date and venue for the Annual General Meeting (AGM), fixing the record date and book closure period, approving the AGM notice, and appointing a scrutinizer for the AGM.