Sumeet Industries rights issue worth ₹199.75 crore opens today. Record date, other details

Sumeet Industries rights issue of about 199.75 crore opened on June 22, 2026, offering 8 rights shares for every 25 held at 11.86 per share, with record date June 12, 2026 and subscription closing July 20. The company plans to use 49 crore of proceeds to operationalise an additional 140,000 TPA Polyester Chips plant acquired from Nakoda Limited in Surat, with the balance earmarked for working capital, debt reduction, and a captive solar power facility. The stock opened at 26.51, up from a previous close of 25.84.