Sumeet Industries Limited has informed the Exchange regarding 'update'. regarding re-commencement of Listing and trading of shares after Capital reduction
SUMEETINDS · price
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Sumeet Industries is getting its shares re-listed on BSE and NSE from June 19, 2025, after emerging from the insolvency process. The NCLT Ahmedabad bench approved its Resolution Plan on July 16, 2024, under the IBC code. As part of the plan, the existing promoters were completely wiped out (100% extinguishment), and the company's share capital was drastically reduced by about 94.92%. The public shareholding went down from roughly 10.36 crore equity shares to just 52.65 lakh shares (a 4:77 reduction ratio). The new ISIN is INE235C01028, and the stock will trade in the T group (trade-to-trade segment) with a special pre-open session on listing day.
Existing public shareholders have seen their share count shrink by nearly 95%, meaning each shareholder now holds far fewer shares than before — though each remaining share still represents the same proportional stake in the company. The stock resumes trading with zero promoter holding and a new ISIN, which is a fresh start post-insolvency. Short-term price volatility is likely during the pre-open session given the heavily reduced float and trade-to-trade restrictions.