Sumeet Industries rights issue: ₹200 crore for plant, debt, solar

Another ₹23 crore will repay debt. A 6.5 MW solar power plant will cost ₹22 crore. The rest, roughly ₹100 crore, goes to working capital.

Managing Director Pratik R Jaju said the fund raise supports working capital, integrating the acquired plant, cutting debt, and building the solar facility. He expects income to grow about 30% in FY27, with EBITDA margins of 5–6%. After full integration in FY28, income could nearly double, with margins improving to 5.5–6.5%.

The rights issue is open to existing shareholders. The record date and pricing have not been announced yet.