Record date for Right Issue
FUNDRAISE
▲ Positive Development
MEDIUM RISK
📅 Filed on BSE: 10 Jun 2026, 10:59 AM IST · BSE ID: b2b5b9e6-7c9a-4d5e-843f-d1bea43d989f
View Original BSE Filing (PDF)
💡
In Simple Terms
Sumeet Industries is offering existing shareholders the chance to buy more shares at a set price to raise funds.
🤖 AI Summary
- Sumeet Industries sets June 12, 2026 record date for Rs. 199.75 Crore Rights Issue.
- Company to issue 16,84,24,218 equity shares at Rs. 11.86 per share.
- Rights Entitlement Ratio: 8 shares for every 25 held by eligible shareholders.
- Issue opens June 22, 2026, and closes July 20, 2026.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Total No. of Equity Shares & Right Issue Size
16,84,24,218 Nos. of Fully paid-up Equity Shares aggregating to Rs. 199,75,11,225/-
Right Issue Price
Rs. 11.86/- per Equity Share
Rights Entitlement Ratio
8 ( Eight ) Rights Equity Shares for every 25 (Twenty five ) Equity share held
Record Date
Friday , June 12, 2026
Issue Opening Date
June 22, 2026
Last date for Market Renunciation
July 16, 2026
Issue Closing Date
July 20, 2026
🏢 How This Affects the Company
The rights issue aims to fund the acquisition of a polyester chips plant, increasing daily capacity by 400 tons. This expansion is intended to enhance the company's production capabilities.
The Rs. 199.75 Crore raised will bolster the company's capital structure. The issue price of Rs. 11.86 per share is at par with the face value of Rs. 2, with a premium of Rs. 9.86.
Acquisition of the polyester chips plant adds 400 tons/day capacity, requiring integration into existing operations and potentially impacting raw material sourcing and finished goods management.
👥 What This Means For Shareholders
✅
Action Required
Shareholders should note the record date of June 12, 2026, to determine eligibility for the rights issue.
👤
Who Is Affected
Eligible shareholders as of June 12, 2026, will be entitled to subscribe to 8 rights equity shares for every 25 equity shares held.
🔍
Management Signal
Management is executing a strategic fundraising plan to finance capacity expansion, signaling intent to grow operational scale.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Record date for determining rights entitlement: June 12, 2026.
Rights issue opening date: June 22, 2026.
Rights issue closing date: July 20, 2026.
MEDIUM RISK
Rights issues involve capital calls and potential dilution; success depends on market reception and effective use of funds.
💡 Investor Takeaway
Sumeet Industries will raise Rs. 199.75 Crore via a rights issue opening June 22, 2026, at Rs. 11.86 per share, with a record date of June 12, 2026.
⚖️ Strengths & Concerns
✅ Positives
- Rights issue size of Rs. 199,75,11,225/- provides substantial capital for expansion and operational enhancement.
- Issue price of Rs. 11.86 per equity share offers a defined entry point for shareholders seeking additional stake.
⚠️ Concerns
- The company is issuing a large number of shares (16,84,24,218), which could lead to dilution if not matched by growth.
- Rights entitlement ratio of 8 for every 25 shares means shareholders must commit capital to maintain their proportionate ownership.
📅 Company Track Record
Previous filings indicate Sumeet Industries approved a Rs. 199.75 Crore rights issue at Rs. 11.86 per share, intended to fund a polyester chips plant acquisition adding 400 tons/day capacity.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What is the record date for Sumeet Industries' rights issue?
The record date for Sumeet Industries' rights issue is Friday, June 12, 2026, to determine eligible shareholders.
How much is Sumeet Industries planning to raise through its rights issue?
Sumeet Industries plans to raise Rs. 199,75,11,225/- (Rupees One hundred Ninety Nine Crores Seventy Five Lakh Eleven Thousand Two Hundred Twenty Five only) via the rights issue.
What is the price for Sumeet Industries' rights issue?
The rights issue price is Rs. 11.86/- (Rupee Eleven Point Eighty Six Only) per equity share.
What is the rights entitlement ratio for Sumeet Industries shareholders?
The rights entitlement ratio is 8 (Eight) Rights Equity Shares for every 25 (Twenty five) Equity shares held as on the record date.
When will Sumeet Industries' rights issue open and close?
The rights issue will open on June 22, 2026, and close on July 20, 2026.
Questions based on this BSE filing only. For information purposes.