Sumeet Industries Rights Issue 2026: ₹199.75 Cr dates

What the company has announced

Sumeet Industries Limited has announced a rights issue that opened on June 22, 2026 and is scheduled to close on July 20, 2026. The Board of Directors approved the terms of the issue, which aggregates to ₹199.75 crore. The company plans to issue 16.84 crore fully paid-up equity shares under the offer. Eligible shareholders will receive Rights Entitlements (REs) based on their holdings on the record date.

Rights issue size and share issuance

The rights issue size is stated at ₹199.75 crore. The offer involves 16,84,24,218 equity shares, which is also presented as 16.84 crore shares in the details shared. These are fully paid-up equity shares with a face value of ₹2 per share. The full issue price is payable at the time of application.

Issue price: what is stated in the terms

The key terms of the rights issue specify an issue price of ₹11.86 per share. The same ₹11.86 price appears across the provided rights issue detail tables and the application note stating the “full issue price of ₹11.86 per share is payable at the time of application.”

Separately, the provided text also contains references to an issue price of ₹9.86 per share in some notes. However, the rights issue terms and the detailed schedule presented alongside the issue period show ₹11.86 per share.

Entitlement ratio and record date

The entitlement ratio is 8 rights shares for every 25 fully paid-up equity shares held as on the record date. The record date is June 12, 2026. The ex-date is also stated as June 12, 2026.

The eligibility note says investors will be eligible to receive REs if they bought Sumeet Industries shares on or before June 11, 2026. This aligns with the record date mechanism, where holdings as of the record date determine entitlement.

Subscription window and key dates

The rights issue opened for subscription on June 22, 2026 and will remain open until July 20, 2026. The RE trading period is stated as June 22, 2026 to July 16, 2026, and the RE symbol is listed as SUMEET-RE. The company also announced a corrigendum revising the closing date for market renunciation to July 15, 2026, from the previously stated July 16, 2026.

The tentative date of allotment for rights shares is July 21, 2026. The tentative date of credit of rights shares is July 22, 2026, and the tentative listing date is also July 22, 2026.

Key terms at a glance

Timeline, including RE trading and renunciation

What REs are and what shareholders can do

The provided details state that eligible shareholders will receive Rights Entitlements (REs), which will be temporarily traded on the stock exchanges and then extinguished. Shareholders who do not wish to subscribe to their entitlement may renounce their rights in favour of another investor. The last date for renunciation is stated as July 15, 2026 following the corrigendum.

This matters operationally because shareholders have a defined window to either apply for the rights shares or transfer the entitlement via renunciation before the cut-off.

How to apply: ASBA routes mentioned

The application methods listed include online via Netbanking ASBA and offline by submitting the application form to the nearest branch of an SCSB (Self-Certified Syndicate Bank). The process note also mentions that applicants need to enter the demat account’s Beneficiary Owner (BO) ID, a 16-digit number, while applying. The full issue price of ₹11.86 per share is payable at the time of application.

Share price context mentioned in the data

The text also states that Sumeet Industries’ share price was ₹25.84 as of June 22, 2026. Separately, a line dated 12-Jun-2026 shows “Price ₹9.86” in the provided content, but this is distinct from the rights issue price that is repeatedly stated as ₹11.86 in the rights issue terms.

Stated use of proceeds

As per the provided note, the funds are expected to primarily support a 140,000 TPA capacity expansion, debt reduction, and a 6.5 MW solar project aimed at improving operational efficiency. These are the only stated end-uses included in the supplied material.

What investors should track next

The schedule highlights three practical checkpoints: the close of the subscription period on July 20, 2026, the tentative allotment on July 21, 2026, and the tentative credit and listing on July 22, 2026. For shareholders who plan not to apply, the revised renunciation deadline of July 15, 2026 is a key date.

Investors also typically monitor RE trading timelines, since the REs are described as temporarily traded and then extinguished after the window ends.

Conclusion

Sumeet Industries’ ₹199.75 crore rights issue opened on June 22, 2026, with an issue price of ₹11.86 per share and an entitlement ratio of 8:25, based on a June 12, 2026 record date. The next stated milestones are the subscription close on July 20, 2026 and the tentative allotment and listing-related dates on July 21-22, 2026.