Synopsis:
Sumeet Industries’ Board fixed 3rd October 2025 as the record date for 1:5 stock split; each Rs. 10 share will be subdivided into five Rs. 2 shares.
During Tuesday’s trading session, shares of a company engaged in the business of manufacturing polyester chips and polyester yarns hit a 5 percent upper circuit on the stock exchanges, after the Board of the company fixed a record date for a 1:5 stock split.
With a market cap of Rs. 1,207.4 crores, the shares of Sumeet Industries Limited closed in the green and hit a 5 percent upper circuit at Rs. 114.7 on BSE, as against its previous closing price of Rs. 109.25. The stock has delivered multibagger returns of over 107 percent in the last six months, but has fallen by around 7 percent in one month.
What’s the News
According to the latest regulatory filings on the stock exchanges, the Board of Sumeet Industries Limited, at its meeting held on 2nd September 2025, has fixed Friday, 3rd October 2025, as the Record Date to determine the eligibility of shareholders for the proposed 1:5 stock split.
Earlier, on 5th August 2025, the Board had approved the sub-division of the company’s equity shares, whereby one equity share of face value Rs. 10 each (authorised, issued, subscribed, and fully paid-up) will be split into five equity shares of face value Rs. 2 each.
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Financials and more
Sumeet Industries reported a marginal decline in its revenue from operations, showing a year-on-year decrease of around 7 percent from Rs. 266.7 crores in Q1 FY25 to Rs. 248.5 crores in Q1 FY26. In contrast, its net profit increased during the same period from a loss of Rs. 8.5 crores to a profit of Rs. 8 crores.
Sumeet Industries Limited is engaged in the business of manufacturing and exporting polyester yarn (POY and FDY), polyester chips and texturising yarn. The company caters to both domestic and international markets. Its plant, in the Surat district of Gujarat, has an installed capacity to manufacture 2000 TPA of polypropylene multi-filament yarn in technical collaboration with Neumunstersche Maschinen Und Anlagenbau (Neumag), Germany.
The company plans to set up 17 MW (AC) solar-based power plant in Gujarat with project cost of around Rs. 70 crores, for which Stage-2 approval has been received from GETCO. Upon successful commissioning, the project is expected to significantly reduce the company’s energy costs.
Written by Shivani Singh
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