Sumeet Industries Ltd
Sumeet Industries Ltd Company History
Sumeet Industries is engaged in the business of manufacturing and exporting Polyester Yarn (POY and FDY), Polyester Chips and Texturizing Yarn.
2005
Sumeet Industries has given the Bonus in the Ratio of 1:2
2005
2007
The Company has issued Bonus Shares in the Ratio of 1:10.
2007
2008
The company has issued rights in the ratio of 1:1at a premium of Rs 5/- per share.
2008
2009
The Continuous Poly Condensation (CP) Plant of 1,00,000 TPA have been commissioned successfully and production of Pet Chips has been started.
2009
2010
The Company has received export order for Polyester Chips of Rs. 20.00 Crores from Egypt..
The "POLYESTER FILAMENT YARN (POY/FDY) PLANT" (Direct spinning unit through PTA and MEG route) has been commissioned successfully and production has been started. By implementation of this Project the total capacity of the Company's POY and FDY production will be increased from 12000 TPA to 56000 TPA.
By implementation of this Project the total capacity of the Company's POY and FDY production will be increased from 12000 TPA to 56000 TPA.
2010
2011
The QIP committee has approved the issue and allocation of 1,82,94,578 nos. of Equity Shares of Rs. 10 each, to the 6 Qualified Institutional Buyers ("QIBs") at an Issue Price of Rs. 30.25 per Equity Share (including Rs. 20.25 towards share premium).
2011
2012
The "POLYESTER FILAMENT YARN (POY/FDY) PLANT" (Direct spinning unit through PTA and MEG route) and another 8.6 MW Gas based Genset Captive Power Plant has been commissioned successfully.
The company has secured order worth Rs 50 crore from Tamilnadu Government via The Tamilnadu Handloom Weaversâ Co-operative Society Limited.
2012
2013
The Company amalgamated with group companies M/s. Somani Overseas Ltd., M/s. Sitaram Prints Pvt. Ltd. and Mahesh Texturisers Pvt. Ltd.
The Company made Joint Venture agreement with M/s. Vishvas Infrastructure Ltd (Formerly known as Mefcom Agro Industries Ltd) for acquisition and development of land of 200 acres in District Bhuj, Gujarat.
2013
2014
The appointment of Smt. Gangadevi Shankarlal Somani, as an Additional Director (Non-Executive) of the Company.
3 (Three) nos. of Texturising Machines has been successfully commissioned and commercial production now started.
2014
2015
Modified FDY line for manufacturing of Bright FDY and Color FDY yarns.
Commissioned 25 nos. of TFO machines for plying & twisting for manufacturing Carpet Yarns.
2015
2017
The company issued rights shares of Rs. 10 in the ratio of 3:7 at a premium of Rs. 14 per share.
2017
2018
The Company has issued Bonus Shares in the Ratio of 1:4.
2018
