Suraj Industries Limited has issued a comprehensive first call notice to holders of partly paid-up equity shares, marking a significant step in completing its rights issue process initiated in October 2025. The company has established clear timelines and payment procedures for shareholders to convert their partly paid-up shares to a higher paid-up status.

Call Notice Details and Timeline

The Rights Issue Committee of the Board of Directors, in their meeting held on January 20, 2026, approved the first call of Rs. 10/- per rights share for 2,99,25,394 partly paid-up equity shares. The committee has established the following key dates and parameters:

Rights Issue Background

The original rights issue was conducted pursuant to the Letter of Offer dated October 09, 2025, where the company issued partly paid-up equity shares of face value Rs. 10/- at an issue price of Rs. 40/-. The rights were offered in the ratio of 21 rights equity shares for every 13 fully paid-up equity shares held as on the record date of October 13, 2025. Initially, shareholders paid Rs. 10/- per share (comprising Rs. 2.50/- towards face value and Rs. 7.50/- towards share premium) as application money, with the shares being allotted on November 10, 2025.

Payment Methods and Instructions

Shareholders have multiple payment options available during the call money period:

ASBA and Online Payment Options

• Online ASBA: Through Self-Certified Syndicate Banks (SCSBs) websites
• Physical ASBA: By submitting application forms to designated SCSB branches
• 3-in-1 Account: Using linked trading-demat-bank accounts offered by brokers

Traditional Payment Methods

For cheque and demand draft payments, shareholders must use accounts payable to:

• Resident Shareholders: SURAJ INDUSTRIES LTD CALL MONEY RESIDENT ACCOUNT
• Non-Resident Shareholders: SURAJ INDUSTRIES LTD CALL MONEY NON-RESIDENT ACCOUNT

Payments must be submitted at designated IDBI Bank Limited branches across Delhi, Mumbai, Kolkata, and Chennai, or sent to the registrar Beetal Financial & Computer Services Private Limited.

Trading Suspension and New ISIN

Trading in the current partly paid-up equity shares under ISIN IN9170U01027 has been suspended effective January 27, 2026. Upon successful payment of the first call, shareholders will receive partly paid-up equity shares of Rs. 10/- each (Rs. 5/- paid-up) under the new ISIN IN9170U01035. The corporate action process is expected to be completed within two weeks from February 16, 2026.

Consequences of Non-Payment

The company has outlined specific consequences for shareholders who fail to make timely payments:

• Interest Charges: 12% per annum on delayed payments beyond February 16, 2026
• Dividend Deduction: The company may deduct outstanding call money from future dividend payments
• Forfeiture Risk: Partly paid-up equity shares, including amounts already paid, may be forfeited according to the company's Articles of Association

Partial Payment Provisions

The company has established provisions for partial payments, where shareholders paying less than the full amount due may receive a proportionate number of fully paid-up equity shares. For example, if a shareholder holds 10 partly paid-up equity shares (requiring Rs. 100/- total payment) but pays only Rs. 50/-, they will receive a proportionate number of converted shares, while unpaid shares may face forfeiture.

The first call notice represents a crucial milestone in Suraj Industries' rights issue completion process, providing shareholders with clear guidelines and multiple payment channels to participate in the company's capital enhancement initiative.

Suraj Industries Limited's Rights Issue Committee has announced key dates and details for the first call on its partly paid equity shares issued under the rights offering completed in November 2025.

Rights Issue Committee Decisions

The Rights Issue Committee of the Board of Directors convened on January 20, 2026, and approved the making of the first call on outstanding partly paid equity shares. The meeting, which lasted from 4:00 PM to 5:00 PM IST, addressed the procedural aspects of collecting the remaining amount from shareholders who participated in the rights issue.

The committee's decisions pertain to 2,99,25,394 partly paid equity shares with a face value of ₹10.00 each, currently having ₹2.50 paid-up. These shares were originally allotted on November 10, 2025, following the Letter of Offer dated October 9, 2025.

First Call Details and Timeline

The committee has established a comprehensive framework for the first call process, setting specific dates and payment requirements for shareholders.

The first call amount of ₹10.00 per share will be allocated with ₹2.50 adjusting towards face value and ₹7.50 towards securities premium. This structure maintains the original terms established in the rights offering documentation.

Shareholder Communication Process

January 27, 2026 has been designated as the record date for determining shareholders eligible to receive the first call notice. Only holders of partly paid equity shares as of this date will be sent call notices for payment obligations.

The company will issue detailed first call notices to eligible shareholders, providing comprehensive information about payment procedures and requirements. These notices will be distributed in due course following the record date determination.

Payment Window and Compliance

Shareholders have a 15-day window to remit the call money, with the payment period running from February 2, 2026 through February 16, 2026, both dates inclusive. The company has structured this timeline to provide adequate notice and payment flexibility for shareholders.

The announcement fulfills disclosure requirements under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Complete details regarding the committee's decisions are available on the company's website at www.surajindustries.org .

This first call represents a significant step in completing the rights issue process, with the total call amount of approximately ₹29.93 crores expected to strengthen the company's capital structure upon successful collection from shareholders.