Sumeet Industries Limited — Board Meeting, 29-07-2026: Outcome of Board Meeting

Sumeet Industries' board greenlit conversion of ~Rs 28 Cr Optionally Convertible Preference Shares into equity for non-promoter banks. A key strategic move: Rs 49.90 Cr from a Rights Issue will fund its new subsidiary, Sumeet Speciality Chips, to operationalize the acquired CP Plant. Eyes on growth!