Sumeet Industries Ltd

Sumeet Industries Limited will hold its 38th Annual General Meeting on September 29, 2026, at 12:30 P.M. (IST) via video conferencing or other audio visual means, with the Register of Members closed from September 23, 2026, to September 29, 2026, and e-voting available from September 26, 2026, at 9:00 A.M. IST to September 28, 2026, at 5:00 P.M. IST, facilitated by Bigshare e-voting platform, while September 22, 2026, is the cut-off date for e-voting eligibility.

Sumeet Industries Limited informed the BSE Limited and National Stock Exchange of India Ltd that its Extraordinary General Meeting (EGM) was held on August 24, 2026, where a special resolution was passed for the issuance of equity shares upon conversion of Optionally Convertible Redeemable Preference Shares (OCRPS) to non-promoters on a preferential basis, and Dhirren R. Dave & Co. was appointed as the scrutinizer for the remote e-voting and e-voting process.

Sumeet Industries Limited will hold a meeting of its Board of Directors on September 4, 2026, to consider providing loans, guarantees, or security under Sections 185 and 186 of the Companies Act, 2013, and to approve a variation in the objects of a rights issue mentioned in a Letter of Offer dated June 8, 2026. The board will also consider and approve the Directors’ report for the year 2025-26, decide the date and venue of the Annual General Meeting, fix the record date and date of Book Closure, and appoint a scrutinizer for the ensuing Annual General Meeting.

Sumeet Industries Ltd share price softened by 4.99% to Rs 20.2 after the company's net profit tanked by 69.84% to Rs 1.14 crore, while revenue from operations slightly gained 2.50% to Rs 272.36 crore in Q2FY26 over Q1FY26. The market capitalization of Other Textile Products industry group stocks on BSE stood at Rs 1.7 lakh crore, easing 5.22%. It has inched up 1.17% over last one week and rose by 13.45% in last one month while the market capitalization of Sumeet Industries Ltd has dropped by 22.53% and 16.56% in the same period respectively. Profit before tax (PBT) of Sumeet Industries Ltd stood at Rs 1.53 crore in Q2 FY26, tumbling by 80.83% year-on-year, and plunging by 70.18% quarter-on-quarter. EBITDA came in at Rs 8 crore, crashing by 33.91% YoY and nosediving by 33.42% sequentially. Total expenses posted a minor rise of 4.29% to Rs 268.19 crore in Q2FY26 over Q2FY25. During the quarter, cost of materials consumed stood at Rs 226.44 crore, growing marginally by 5.46% YoY, while employee benefits expense was at Rs 7.33 crore, tanking by 18.83% YoY. For the TTM ended FY26, revenue from operations inched higher 1.88% to Rs 1003.37 crore, while net profit witnessed a sharp fall of 388.53% to Rs 170.26 crore, compared to previous TTM. EBITDA plunged by 4536% to Rs 9.95 crore, and PBT collapsed by 382.95% to Rs 179.59 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 195.58 crore in FY26, as against Rs 14.79 crore in FY25. Sumeet Industries Ltd fell 5.03% in last one year, significantly underperforming the benchmark BSE Sensex which has slipped by 3.20% during the same period.

Sumeet Industries will hold a meeting of the Board of Directors of the Company on 29 July 2026.

Sumeet Industries will hold a meeting of the Board of Directors of the Company on 5 August 2026.

Sumeet Industries has announced a rights issue for its eligible shareholders aimed at enhancing financial flexibility and supporting the Company's strategic business priorities. The board of Sumeet Industries has approved the terms of a rights issue aggregating to Rs 199.75 crore through the issuance of Rs 16.84 crore fully paid-up equity shares. The company proposes to deploy Rs 49 crore from the rights issue proceeds towards the acquisition and operationalisation of additional 140,000 Ton Per Annum Polyester Chips (CP) plant acquired from Nakoda in Surat, Gujarat. The project involves a total capital outlay of Rs 90 crore; with the balance Rs 41 crore being funded through internal accruals. Expected to be recommissioned in Q1 FY27 28, the facility will strengthen backward integration and support the company's downstream polyester manufacturing operations.

Sumeet Industries has fixed 12 June 2026 as record date for the purpose of determining the shareholders who shall be eligible to receive the rights entitlement in the issue.

Sumeet Industries has fixed 12 June 2026 as record date for rights issue.

Net profit of Sumeet Industries declined 88.92% to Rs 7.50 crore in the quarter ended March 2026 as against Rs 67.68 crore during the previous quarter ended March 2025. Sales rose 9.34% to Rs 265.72 crore in the quarter ended March 2026 as against Rs 243.02 crore during the previous quarter ended March 2025. For the full year,net profit declined 83.95% to Rs 27.33 crore in the year ended March 2026 as against Rs 170.26 crore during the previous year ended March 2025. Sales rose 4.69% to Rs 1050.42 crore in the year ended March 2026 as against Rs 1003.37 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales265.72243.02 9 1050.421003.37 5 OPM %5.052.53 -5.461.23 - PBDT11.215.24 114 50.7211.10 357 PBT6.340.12 5183 31.60-9.69 LP NP7.5067.68 -89 27.33170.26 -84 Powered by Capital Market - Live