Sumeet Industries Ltd

Sumeet Industries Limited informed the BSE Limited and National Stock Exchange of India Ltd that, based on confirmation from Registrar and Share Transfer Agent Bigshare Services Pvt. Ltd., details of securities dematerialized during the quarter ended September 30, 2026, as required under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, have been furnished to the depositories, and Bigshare Services Pvt. Ltd. confirmed that no dematerialisation requests for equity shares of Sumeet Industries Limited were received between July 1, 2026, and September 30, 2026.

Sumeet Industries Limited will close its trading window for directors, promoters, promoter group, key managerial personnel, designated employees, auditors, and their immediate relatives from October 1, 2026, until 48 hours after the announcement of financial results for the quarter and half year ended September 30, 2026, in accordance with SEBI regulations.

Sumeet Industries Limited announced that its board approved the allotment of 84,31,195 equity shares with a face value of Rs 2 each to non-promoter investors for Rs 28.00 crore, following the conversion of Optionally Convertible Redeemable Preference Shares (OCRPs) at a price of Rs 33.21 per share, including a premium of Rs 31.21. The OCRPs were initially allotted on December 11, 2024, as part of a National Company Law Tribunal-approved resolution plan dated July 16, 2024, and are being converted to equity shares upon expiry of their tenure.

Sumeet Industries Limited announced that its board approved the allotment of 84,31,195 equity shares with a face value of Rs 2 each to non-promoter investors for Rs 28.00 crore, following the conversion of Optionally Convertible Redeemable Preference Shares (OCRPs) at a price of Rs 33.21 per share, including a premium of Rs 31.21. The OCRPs were initially allotted on December 11, 2024, as part of a National Company Law Tribunal-approved resolution plan.

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.