Sumeet Industries : Outcome OF Board Meeting - Aug 18 , 2008

Sumeet Industries Ltd has informed that the Board of Directors of the Company at its meeting held on August 18, 2008, has taken place the following business:

- A class meeting of 6% Non-Convertible Preference Shareholders of the Company is convened on September 15, 2008, to approve the preponment of the redemption date.

Sumeet Industries - Board Meeting Held On May 15, 2008

Sumeet Industries Ltd has informed that the Board of Directors of the Company at its meeting held on May 15, 2008, has taken the following business:

1। The Board of Directors of the Company has decided the ratio of equity shares as One equity Shares will be offered as right shares for every one equity shares held by the shareholders of the Company say in the ratio of 1:1 on the record date. Price and Record date will be finalized by the Board of Directors at the appropriate time.

2. The Board of Directors of the Company has approved the Draft Letter of Offer for the proposed Right Issue of shares and directed to the Lead Manager to file the Draft Letter of Offer with SEBI and Stock Exchange.

Sumeet Industries - Board Meeting on May 15, 2008

Sumeet Industries Ltd has informed that a meeting of the Board of Directors of the Company will be held on May 15, 2008, inter alia, to consider the followings:
1. To consider the proportion of Right Shares to be issued U/s 81 of the Companies Act, 1956 to part finance its upcoming Expansion cum Backward Integration Project to the cost of 125.00 Crores.
2. To approve Draft Letter of Offer to filed for Proposed Right Issue of Shares.