Sumeet Industries Limited — Board Meeting, 09-01-2025: Outcome of Board Meeting

The Board of Sumeet Industries has approved the issuance of 10 crore equity shares at a face value of ₹10 each, aggregating ₹100 crore, to the Eagle Group as part of an approved resolution plan. Additionally, Mr. Rohan Dipakbhai Modh and Mrs. Prachi Ankur Gandhi have been appointed as Executive and Independent Non-Executive Directors, respectively, until the conclusion of the next General Meeting. The Board also accepted the resignations of Mr. Manoj Kumar Ganeshmal Jain and Mr. Vikashkumar Kamalsingh Chandaliya as Independent Directors, effective immediately. Furthermore, plans for a 30 MW solar power plant with an estimated cost of ₹105 crore were approved to reduce operational power costs.