3,939% multibagger returns from 52-week low; Board announces stock split from Rs 10 to Rs 2; Check record date inside

Sumeet Industries Ltd. has approved a 1:5 stock split, meaning each existing equity share with a face value of Rs 10 will be subdivided into 5 new equity shares with a face value of Rs 2 each. This move aims to enhance liquidity and encourage wider participation from small investors by making the shares more affordable. The split will apply to all authorised, issued, subscribed, and fully paid-up equity shares. The Board fixed the record date for the stock split as October 03, 2025.

Earlier, Sumeet Industries Ltd made several strategic investments, including the acquisition of a 27 per cent stake in Hi-Urja Techno LLP for up to Rs 20 crore. This move is aimed at securing 14 MW of solar power under a group captive scheme, contributing to a total of 34 MW in captive solar capacity. The company is also expanding its FDY production capacity by 40 tons per day with an investment of around Rs 22.50 crore and replacing old air compressors for Rs 10.40 crore, a project that is expected to save Rs 5 crore annually in power costs.

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About the Company

Sumeet Industries Ltd, incorporated in 1993, is a prominent Indian manufacturer and exporter of polyester chips and various polyester yarns, including POY, FDY, texturising yarn, and carpet yarn. The company operates manufacturing units in Surat, Gujarat, with a substantial installed capacity of 1,00,000 tons per annum for POY. Sumeet Industries has evolved into a diversified conglomerate, emphasising eco-friendly practices and continuous innovation to deliver quality yarns.

With a focus on total customer satisfaction and timely fulfilment of contracts, Sumeet Industries has established a strong reputation in the industry. Beyond its significant presence in the Indian market, the company actively engages in global polyester markets, exporting its products to a wide range of countries, including Egypt, China, Brazil, USA, and Turkey, showcasing its international reach and competitive standing.

The stock has a 52-week high of Rs 138.91 per share and its 52-week low is Rs 2.98 per share. The company has a market cap of Rs 1,255 crore and the stock has given multibagger returns of 3,939 per cent from its 52-week low. The Promoters bought 9,45,60,193 shares or 89.83 per cent stake in the company.

Disclaimer: The article is for informational purposes only and not investment advice.