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.

Suraj Industries has reached a settlement agreement with Globus Spirits for ₹1.60 million, marking a notable development in the resolution of matters between the two companies.

Settlement Details

The settlement arrangement between Suraj Industries and Globus Spirits involves a financial component of ₹1.60 million. This agreement represents the conclusion of discussions between the parties involved.

Company Background

Suraj Industries operates in the trading sector and is classified as a small-cap company. The settlement with Globus Spirits adds to the company's recent corporate developments and business activities.

This agreement demonstrates Suraj Industries' approach to resolving business matters through negotiated settlements, which can help maintain business relationships while addressing outstanding issues.