Sumeet Industries Details ₹199.75 Cr Rights Issue for Expansion and Debt Cut

Sumeet Industries announced a ₹199.75 Cr Rights Issue to fund capacity expansion, debt reduction, and working capital. Management guided FY26-27 Total Income to grow ~30% with EBITDA margins of 5.0%-6.0%, and FY27-28 Total Income to nearly double with EBITDA margins of 5.5%-6.5%.