Mumbai | 02-Oct-2025, 14:05 IST — Filed via NSE corporate actions
Sumeet Industries will trade ex-split on October 3 as the polyester yarn maker undertakes a sub-division of shares from face value ₹10 to ₹1.
Corporate Action Update
Sumeet Industries Ltd, engaged in polyester yarn manufacturing, has announced that its equity shares will trade ex-split on October 3, 2025. The company is sub-dividing its existing shares from a face value of ₹10 each to ₹1 each, in a move aimed at enhancing liquidity and broadening retail participation.
What the Split Means
A stock split does not change the overall market capitalisation of the company. Instead, it increases the number of shares in circulation while proportionally reducing the face value per share. This typically improves accessibility for smaller investors and can boost trading volumes.
Market Context
Sumeet Industries has a presence in the polyester yarn value chain and caters to both domestic and export markets. While the split may improve stock liquidity, market watchers will track whether fundamentals such as revenue growth, margin performance, and leverage reduction support a sustained re-rating.
By the Numbers
What to Watch
- Liquidity impact once shares trade in split-adjusted form
- Delivery volumes in the days following ex-date
- Earnings growth and leverage reduction for longer-term sustainability
