Suraj Industries Ltd has approved the acquisition of equity shares in its material subsidiary, Carya Chemicals & Fertilizers Private Limited, by converting an outstanding unsecured loan of ₹25 Cr. The Board of Directors approved the proposal on June 18, 2026, to strengthen the company's holding structure in the breweries and distilleries sector. The transaction is subject to the allotment of shares by Carya Chemicals.

Transaction Structure and Approvals

The proposed acquisition constitutes a Related Party Transaction, as Carya Chemicals is a material subsidiary of Suraj Industries. The promoters and promoter group have an interest in the transaction to the extent of their shareholding in Carya Chemicals. The conversion will be undertaken based on a valuation report issued by an IBBI Registered Valuer appointed by Carya Chemicals and will be conducted on an arm's length basis. Suraj Industries has received necessary approvals from its Audit Committee, Board, and shareholders through meetings held in 2025.

The consideration for the acquisition involves no cash outflow, utilizing the conversion of the existing loan amount of ₹25 Cr into fully paid-up equity shares. The percentage of shareholding and the exact number of shares to be acquired will be determined upon allotment. The company expects the acquisition to be completed within approximately two weeks from the date of the disclosure, following which Suraj Industries will make the requisite disclosures to the stock exchanges upon receipt of the allotment of shares.

About Carya Chemicals & Fertilizers

Carya Chemicals operates a bottling plant for Indian Made Foreign Liquor and Country Liquor, which commenced commercial operations in April 2025. The company is also constructing a distillery for the manufacture of Extra Neutral Alcohol. The subsidiary has demonstrated significant revenue growth, reporting a turnover of ₹87.11 Cr for the financial year 2025-26, compared to nil in each of the preceding two financial years.

Financial Overview of Carya Chemicals

The table below highlights the turnover performance of Carya Chemicals across recent financial years:

suraj industries has reported a revision in its shareholding within Shri Gang Industries and Allied Products Limited following a preferential allotment of equity shares. The stake in Shri Gang now stands at 18.83% of the increased paid-up equity share capital, as detailed in a regulatory filing submitted on June 06, 2026.

Shri Gang communicated the allotment details to Suraj Industries, indicating the issuance of shares to both promoter and public categories. The company allotted 1,34,680 equity shares of face value ₹10 each to an allottee in the Promoter & Promoter Group category. These shares were issued pursuant to the conversion of 1,34,680 Fully Convertible Warrants at an issue price of ₹99 per warrant, aggregating to ₹1,33,33,320.

Additionally, Shri Gang allotted 11,24,375 equity shares of face value ₹10 each to persons or entities in the Public category. This allotment arose from the conversion of 11,24,375 Compulsorily Convertible Preference Shares (CCPS) of face value ₹10 each at a conversion price of ₹76 per share, executed via preferential allotment on a private placement basis.

Consequent to these transactions, the paid-up equity share capital of Shri Gang has increased to ₹21,23,90,550. This capital is divided into 2,12,39,055 equity shares of face value ₹10 each. The filing was submitted by Snehlata Sharma, Company Secretary & Compliance Officer of Suraj Industries, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Details of Allotment