Bhaskar Joshi

[R.K. @ipo_mantra]

RIGHT ISSUE ALERT

Sumeet Industries Ltd.

Issue Price: Rs. 11.86
FV: Rs. 2
CMP as on 19.06.2026: Rs. 25.84
NSE Code: SUMEETINDS
BSE Code: 514211

NOTE: The Right Issue is opening on 22.06.2026 and will close on 20.07.2026, with renunciation of Rights Entitlements permitted up to 15.07.2026.

Highlights of the Issue:

-Sumeet Industries is an integrated polyester yarn manufacturer engaged in the production of PET Chips, Partially Oriented Yarn, Fully Drawn Yarn, Polyester Textured Yarn and other textile products

-In FY26, the company recorded revenue of ₹1,053.81 Cr, EBITDA of ₹60.77 Cr, and PAT (Including Exceptional Item) of ₹27.33 Cr.

-The Company proposes to deploy ₹49.00 Cr from the Rights Issue proceeds towards the acquisition and operationalisation of Additional 140,000 Ton Per Annum Polyester Chips (CP) Plant acquired from Nakoda Limited in Surat, Gujarat

-The project involves a total capital outlay of ₹90.00 Cr; with the balance ₹41.00 Cr being funded through internal accruals

-Expected to be recommissioned in Q1 FY27-28, the facility will strengthen backward integration and support the Company's downstream polyester manufacturing operations

-The proposed capital allocation is focused on four key pillars - manufacturing scale-up, asset integration, balance sheet strengthening, and energy security

-Together, these initiatives are expected to enhance operational resilience, improve resource efficiency, and strengthen the Company's long-term growth platform

-The planned investments are intended to strengthen Sumeet Industries' competitive positioning while supporting sustainable and profitable growth over the long term

-The capital raised through the Rights Issue will support Sumeet Industries next phase of growth by strengthening working capital, accelerating the integration of acquired manufacturing assets, optimizing the capital structure through debt reduction, and enhancing energy security through a captive solar power facility

-These initiatives are expected to improve operational efficiency, expand manufacturing capabilities

-Last Date for On Market Renunciation will be 15.07.2026

[Mitali Shah @Mitsayy7]

@GodrejAppliance terrible service. Been calling your helpline and clearly you do not value your customers as no one replies back. Even the WhatsApp channel is useless. We need immediate assistance for our fridge.

[Bhaskar Joshi @ThatPuchuGuy]

@WHOOP zero customer support! Sent a DM and mailed you, but no reply or acknowledgement. Why would you ship your product to a different country without an invoice. Why do you charge a customs fee and not provide the required documents??

[Bhaskar Joshi @ThatPuchuGuy]

@WHOOP zero customer service from you. Have been reaching out to you on DM and mails, but no reply. Why would you ship your product to another country without an invoice. It’s stuck at customs now and I have to pay a warehousing fee on it

[Bhaskar Joshi @ThatPuchuGuy]

@Bajaj_Finserv

[Bhaskar Joshi @ThatPuchuGuy]

Urgent - Filled for a claim for my dad for a surgery. My dad received a WhatsApp video call claiming to be a doctor with Bajaj insurance. Was asked medical history and told to share reports and Aadhar card details. Please confirm if this is a scam @BajajAllianz @sanjivrbajaj

[chaitanya shah @chaitanyarshah]

Expectation vs reality. @ZeptoNow @zeptocares

Fully burnt popcorn but cs says the product is as described🤷‍♂️

[Bhaskar Joshi @ThatPuchuGuy]

@DCCyberKP [phone] has scammed my father by diverting calls from my fathers no to his no and had withdrawn all the money. This person has threatened me that he will be doing the same to me when I called my father. Can you please help urgently. @KolkataPolice

[Bhaskar Joshi @ThatPuchuGuy]

@blsintlservices Already done that, not got any support from that either. Check DM

[Bhaskar Joshi @ThatPuchuGuy]

@blsintlservices I applied for my Spain visa on 26th Sept 2022 from Kolkata. There are 3 business days to my trip, still haven’t received my passport or any confirmation despite reaching out through call, mails and tweets. Application number: CCU12609220001
@EmbEspIndia

[Bhaskar Joshi @ThatPuchuGuy]

@blsintlservices @UjjwalSinghal22 @BhutaAbhishek @blsintlservices I had also paid for the sms service to provide me with live status tracking of my application, have not received these tracking messages either. Nor you do reply to any mail. Even tweets are replied late. Have already missed my flight once, possibly missing again

[Bhaskar Joshi @ThatPuchuGuy]

@blsintlservices @UjjwalSinghal22 @BhutaAbhishek @blsintlservices there has been no resolution at your end. I spoke to multiple representatives at BLS delhi as well. Monica, a supervisor, at the Delhi team assured me that my passport will be withheld at delhi instead of couriering to Kolkata - but passport was still couriered

[Ujjwal Singhal @UjjwalSinghal22]

@ThatPuchuGuy @blsintlservices @EmbEspIndia @blsintlservices very poor service. Get this man his visa!!

[Abhishek Bhuta @BhutaAbhishek]

@ThatPuchuGuy @blsintlservices @EmbEspIndia I am really surprised by this sort of service. Extremely unprofessional and ridiculous for them not to reply. @blsintlservices @EmbEspIndia

[Bhaskar Joshi @ThatPuchuGuy]

@blsintlservices was assured multiple times that it takes 10 to 12 business days to process visa applications for Spain. Now I’m being informed that processing time is 30 business days. Despite multiple mails, messages and tweets, have not received a reply @EmbEspIndia

[Bhaskar Joshi @ThatPuchuGuy]

@blsintlservices @blsintlservices I applied for my Spain visa on 26th Sept 2022 from Kolkata. There are 4 business days to my trip, still haven’t received my passport or any confirmation. Application number: CCU12609220001

[Vivek Mashrani, CFA @MashraniVivek]

🎁

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