Textile Stock Weaves Big News: Record Date Set For 1:5 Stock Split – Are You Ready?

A record date for the stock split has been announced by Sumeet Industries Ltd., a small-cap firm in the textile industry. Partially Oriented Yarn (POY) and Fully Drawn Yarn (FDY) are two types of polyester yarns and chips that Sumeet Industries Ltd., an Indian firm, specializes in producing and exporting. As of September 3rd, the company's market value was Rs 1,208 Cr, and its share price was at Rs 115 a share.

Sumeet Industries Stock Split

"In terms of Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI (LODR), Regulations") and other applicable provisions and Regulations, we are pleased to inform you that the Board of Directors of the company at their meeting held today, i.e. 02nd September, 2025 has decided to fix Friday, 3rd October 2025 as the "Record Date" for determining the eligibility of shareholders of the company for the purpose sub division/split of 1 (one) fully paid-up equity share having face value of Rs. 10/- (Rupees Ten) each into 5 ( Five ) fully paid-up equity shares having face value of Rs. 2/- (Rupees Two) each, as approved by the shareholders in their meeting held on 30th August,2025," said Sumeet Industries in a stock exchange filing.

Sumeet Industries Financials

According to Moneycontrol, the company's June 2025 quarter net sales of Rs 248.47 crore represented a 6.83% drop from the June 2024 quarter's net sales of Rs 266.69 crore. In Q1FY26, net profit was Rs. 7.98 crore, increasing 194.2 percent from Q1FY25's Rs. 8.47 crore. EBITDA jumped by 554.71% from Rs. 3.29 crore in June 2024 to Rs. 14.96 crore in June 2025.

Sumeet Industries Target Price

"Sumeet Industries stock price is slightly bullish on the Daily charts with strong support at 105. A Daily close above resistance of 118 could lead to a target of 130 in the near term," commented A R Ramachandran, independent research analyst.

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