Sumeet Industries rights issue worth ₹199.75 crore opens today. Record date, other details (opens original article in a new tab)

Sumeet Industries' rights issue worth ₹199.75 crore opens today, offering 8 rights shares for every 25 existing shares held, with proceeds to fund plant acquisition and business expansion.

• Sumeet Industries' rights issue worth ₹199.75 crore opens for subscription on June 22, 2026, with a price of ₹11.86 per share.
• The issue aims to raise capital for expanding manufacturing capacity, acquiring a Polyester Chips plant, and strengthening the company's financial position.
• Eligible shareholders can receive 8 rights shares for every 25 fully paid-up shares held as of June 12, 2026.