Suraj Industries Boosts Stake in Carya Chemicals to 89.20% Through Strategic Acquisition

Suraj Industries Ltd. has successfully completed a significant acquisition, strengthening its position in the chemicals and fertilizers sector. The company has acquired 22,73,234 equity shares of Carya Chemicals & Fertilizers Private Limited (CARYA) from Mr. Suraj Prakash Gupta, increasing its stake in CARYA to 89.20% of the paid-up equity share capital.

Transaction Details

Aspect	Details
Shares Acquired	22,73,234
Seller	Mr. Suraj Prakash Gupta
Total Consideration	Rs. 2,86,42,749
Price per Share	Rs. 12.60
Resulting Stake in CARYA	89.20%

This strategic move aligns with Suraj Industries' earlier communications to the stock exchange, following up on intimations dated July 28, August 26, and September 16, 2025.

Regulatory Compliance

In adherence to regulatory requirements, Suraj Industries has informed the BSE Limited about this development. The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, demonstrating the company's commitment to maintaining transparency with its stakeholders.

Implications

This acquisition marks a significant expansion of Suraj Industries' involvement in CARYA's operations. By increasing its shareholding to 89.20%, Suraj Industries has solidified its control over CARYA, potentially allowing for greater synergies and strategic alignment between the two entities.

The move could be seen as part of Suraj Industries' broader strategy to strengthen its position in the chemicals and fertilizers market. As the majority shareholder, Suraj Industries is now in a position to have a more substantial influence on CARYA's business decisions and future direction.

Investors and market watchers will likely be keen to observe how this increased stake translates into operational and financial benefits for Suraj Industries in the coming quarters.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.92%	-2.49%	-12.62%	-18.32%	+13.19%	+5,754.43%

Suraj Industries Ltd. has been imposed with a Rs. 10,000.00 fine by the BSE Limited for alleged non-compliance with Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The fine pertains to the prior intimation of a Rights Issue Committee meeting held on October 07, 2025.

Dispute and Company's Response

The company has contested the fine, asserting that it has fully complied with all prior intimation obligations under Regulation 29 for the Rights Issue Committee meeting. Suraj Industries has requested BSE to withdraw the penalty, maintaining that there has been no breach of regulatory requirements.

Financial Impact

According to the company's statement, the financial impact is limited to the fine amount of Rs. 10,000.00. Suraj Industries has emphasized that there are no operational effects resulting from this regulatory action.

Recent Corporate Actions

In a separate development, Suraj Industries recently amended its loan agreement with its material subsidiary, Carya Chemicals & Fertilizers Private Limited. The key points of this amendment include:

Increased Loan Amount: The sanctioned loan amount has been raised from Rs. 20.00 crores to Rs. 50.00 crores.
Interest Rates:
- Rs. 8.14 crores of the loan will carry an interest rate of 15.00% per annum, effective from October 01, 2025.
- The remaining amount will be charged at 9.85% per annum.
Loan Tenure: The loan is granted for a maximum period of 3 years from the date of disbursement, with the possibility of extension by mutual agreement.
Convertibility: The unsecured loan is convertible into equity shares of Carya Chemicals at the lender's discretion during the loan tenure.

Relationship Between Entities

Suraj Industries holds an 85.75% stake in Carya Chemicals & Fertilizers Private Limited, making it a material subsidiary. The loan transaction is classified as a related party transaction but is stated to be conducted on an arm's length basis.

As of the latest disclosure, Rs. 12.30 crores remain outstanding under the previous loan agreement executed on July 11, 2025.

These corporate actions highlight the ongoing financial arrangements and regulatory challenges faced by Suraj Industries. The company's response to the BSE fine and its expanded loan agreement with its subsidiary reflect its active management of both regulatory compliance and strategic financial decisions.