Suryo Foods & Industries

Suryo Foods Industries Limited's Board of Directors approved a rights issue of equity shares with face value Rs 10 each for an amount not exceeding Rs 600 lakhs to eligible shareholders. The company also approved quarterly unaudited financial results for the quarter and half year ended September 30, 2025. The quarterly results showed revenue from operations at nil, with other income of Rs 1,391 thousand for the quarter. The company reported a profit of Rs 152 thousand for the quarter compared to Rs 185 thousand in the previous quarter. Total expenses were Rs 826 thousand for the quarter. The rights issue details including price, entitlement ratio, record date and timing will be determined by the Board in due course, subject to regulatory approvals. The paid-up equity share capital stands at Rs 39,600 thousand with basic earnings per share of Rs 0.43 for the quarter.

Suryo Foods & Industries Limited's Board of Directors approved increasing the company's Authorized Share Capital from Rs. 10 crore to Rs. 15 crore. The increase involves creating an additional 50 lakh equity shares of Rs. 10 each, bringing the total to 1.5 crore equity shares. The resolution will be presented to shareholders for approval through an Addendum to the Notice of the 36th Annual General Meeting. The board meeting was held on September 17, 2025, lasting from 10:30 AM to 11:00 AM.

The Board of Directors has recommended three director appointments for shareholder approval at the upcoming Annual General Meeting. Mr. Ajay Kumar Dash, who holds a Bachelor in Arts and has 40 years of business experience in the seafood industry, has been recommended for re-appointment as Director liable to retire by rotation. Mr. Amarendra Dash, aged 77 with B Tech (Mechanical), has been recommended for re-appointment as Managing Director for a five-year term from August 1, 2025 to July 31, 2030. He is a pioneer in the seafood industry with four decades of experience and has received two National Awards from the President of India for highest export of marine products. Additionally, Mr. Sandeep Kumar Hota, aged 44 with an MBA from Queen's School of Business, Kingston, has been recommended for appointment as Independent Director. He brings over 23 years of business and technology consulting experience across diverse industries. The appointments reveal family relationships among board members, with Mr. Ajay Kumar Dash being the younger brother of Managing Director Mr. Amarendra Dash and uncle to Executive Director Mr. Aditya Dash.