Ram's Assorted Cold Storage Limited has significantly increased its shareholding in Suryo Foods & Industries Limited through participation in a rights issue, as disclosed under SEBI Takeover Regulations on March 11, 2026.

Shareholding Enhancement Details

The acquisition represents a substantial increase in Ram's Assorted Cold Storage Limited's stake in the target company. Prior to this transaction, the company held 15,000 shares representing 0.38% of the total shareholding. Through the rights issue participation, the company acquired an additional 14,29,914 equity shares.

Rights Issue Transaction Structure

The rights issue was executed at ₹20 per equity share, including a premium of ₹10 per equity share over the face value of ₹10. The transaction was completed on March 9, 2026, when the Board of Directors of Suryo Foods & Industries Limited approved the allotment of shares.

Capital Structure Transformation

The rights issue resulted in a significant expansion of Suryo Foods & Industries Limited's equity capital. The company allotted a total of 29,70,000 fully paid-up equity shares to eligible shareholders and renouncees.

Regulatory Compliance

Ram's Assorted Cold Storage Limited, identified as a member of the promoter group, filed the disclosure under Regulation 29(1) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure was signed by Director Annapurna Dash and submitted to BSE Limited, where Suryo Foods & Industries Limited shares are listed under scrip code 519604.

The transaction strengthens Ram's Assorted Cold Storage Limited's position in Suryo Foods & Industries Limited, with the shareholding increase from a minimal 0.38% to a substantial 20.85% stake, representing significant strategic investment in the food processing sector.

Suryo foods & industries Limited has successfully completed the allotment of 29,70,000 fully paid-up equity shares through its rights issue, marking a significant milestone in the company's capital expansion plans. The Board of Directors approved the allotment on March 9, 2026, following the completion of the rights issue subscription period.

Rights Issue Details

The rights issue was priced at ₹20 per equity share, including a premium of ₹10 per share over the face value of ₹10. The issue opened for subscription on February 19, 2026, and closed on March 6, 2026, providing eligible shareholders with the opportunity to subscribe to additional shares.

Capital Structure Impact

The successful completion of the rights issue has substantially increased the company's paid-up share capital. The allotment has resulted in a 75% increase in the total number of outstanding equity shares.

Board Meeting and Approval Process

The Board of Directors meeting was held on March 9, 2026, from 5:00 PM to 5:30 PM to approve the allotment. The basis of allotment was finalized in consultation with Cameo Corporate Services Limited, which served as the Registrar to the Issue, and received approval from BSE Limited as the designated stock exchange for the rights issue.

The rights issue proposal was initially approved by the Board in their meeting held on December 11, 2025, with the specific terms and Letter of Offer approved in the February 5, 2026 Board meeting. The company has fulfilled all regulatory requirements under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Regulatory Compliance

The company has provided comprehensive details as required under Regulation 30(6) of SEBI Listing Regulations and SEBI Master Circular dated November 11, 2024. The rights issue represents a standard equity share issuance to existing eligible shareholders and renouncees, with no cancellation or termination of the proposal reported.