Sumeet Industries Limited — Board Meeting, 13-02-2025: Outcome of Board Meeting

The Board of Directors of Sumeet Industries Limited has approved the unaudited financial results for the quarter and nine months ended December 31, 2024. The primary highlights include the decision to set up a 30 MW solar-based power plant under captive mode, necessitating an update to the object clause in the Memorandum of Association, pending shareholder approval. The Board also resolved to close the wholly-owned subsidiary, Sumeet Global Pte Limited, due to inactivity over the past three years. Additionally, the draft notice for a postal ballot was approved, seeking shareholder consent on related party transactions and the appointment of new directors. The meeting concluded with the appointment of a scrutinizer for the postal ballot process.