Suraj Industries Ltd successfully conducted its Extra-Ordinary General Meeting (EGM) on March 06, 2026, at 12:00 P.M. through video conferencing, with all four proposed resolutions receiving unanimous shareholder approval. The company filed the voting results and scrutinizer report with BSE Limited in compliance with SEBI regulations.

Meeting Participation and Voting Process

The EGM witnessed participation from 57 shareholders through video conferencing, comprising 4 from the promoter and promoter group category and 53 from the public category. Out of 17,486 total shareholders on the record date, the meeting utilized Central Depository Services Limited (CDSL) as the service provider for electronic voting facilities.

The remote e-voting process commenced on March 03, 2026, at 10:00 A.M. and concluded on March 05, 2026, at 5:00 P.M. As of the cut-off date February 27, 2026, there were 17,486 fully paid-up equity shareholders and 796 partly paid-up shareholders entitled to vote.

Resolution Details and Voting Results

All four resolutions presented at the EGM received unanimous approval with 100% votes in favour across all shareholder categories.

Resolution 1 - Special Resolution: Approval for revision of limits for making inter-corporate loans, investments, or providing security/guarantee up to Rs. 500 crores under Section 186 of the Companies Act, 2013. This resolution received 16,106,911 votes in favour, representing 33.24% of outstanding shares.

Resolution 2 - Ordinary Resolution: Approval of material related party transaction for proposed acquisition of shares of VRV Foods Limited from promoter group entities. This resolution received 5,657,606 votes in favour, with promoter group abstaining due to interest in the agenda.

Resolution 3 - Ordinary Resolution: Approval of material related party transaction between the company and Carya Chemicals and Fertilizers Private Limited, a material subsidiary, for entering into a rent agreement. Similar to Resolution 2, this received 5,657,606 votes in favour with promoter group abstention.

Resolution 4 - Special Resolution: Alteration/variation in objects of the rights issue for utilization of funds from partly paid-up equity shares, modifying objects stated in the Letter of Offer dated October 09, 2025. This resolution matched Resolution 1 with 16,106,911 votes in favour.

Share Capital Structure

The company's capital structure comprises 1,85,25,244 fully paid-up equity shares of face value Rs. 10 each and 2,99,25,394 outstanding partly paid-up equity shares of face value Rs. 10 each, with Rs. 2.50 per share paid-up. Members exercised voting rights proportionate to the paid-up value of their equity shareholding as per applicable provisions.

Scrutinizer Report

Vijay Jain & Co., Company Secretaries, served as the appointed scrutinizer for the e-voting process. The scrutinizer report confirmed that all resolutions were passed with the requisite majority, with no invalid votes recorded across any category. The electronic data and relevant records relating to e-voting remain under scrutinizer custody until the chairman approves and signs the EGM minutes.

The successful completion of the EGM with unanimous approval across all resolutions demonstrates strong shareholder confidence in the company's strategic initiatives and governance practices.

Suraj Industries Limited has issued a final reminder-cum-forfeiture notice to shareholders for the payment of first call money on partly paid-up equity shares issued through a rights offering. The notice was dispatched on February 23, 2026, following approval from the rights issue committee of the Board of Directors on February 19, 2026.

Payment Details and Timeline

The final reminder notice pertains to partly paid-up equity shares bearing ISIN IN9170U01027, issued pursuant to the Letter of Offer dated October 09, 2025. Shareholders are required to pay the outstanding first call amount as detailed below:

The payment period will commence on Wednesday, February 25, 2026, and conclude on Wednesday, March 11, 2026, providing shareholders with a 15-day window (both days inclusive) to make the required payment.

Payment Methods and Instructions

Shareholders can make payments through cheque or demand draft payable at Delhi. The payment instruments must be issued in specific account names based on shareholder residency status:

Payments must be submitted to Beetal Financial & Computer Services Private Limited at their Delhi office located at Beetal House, 3rd Floor, 99, Madangir, Behind Local Shopping Centre, New Delhi – 110062. The company has specified that cash payments will not be accepted, and no partial payments will be permitted.

Trading Suspension and Corporate Action

The trading of Rs. 2.50 partly paid-up equity shares has been suspended on the stock exchange effective from Tuesday, January 27, 2026, due to the first call process. Both National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL) have suspended the ISIN IN9170U01027 from the end of business hours on the same date.

Upon successful payment of the first call money, the company plans to convert the partly paid-up shares from Rs. 2.50 paid-up (ISIN: IN9170U01027) to Rs. 5.00 paid-up shares (ISIN: IN9170U01035). This corporate action process is estimated to be completed within two weeks from the last payment date of March 11, 2026.

Forfeiture Warning and Compliance Requirements

The company has issued a clear warning that failure to pay the first call money within the stipulated period will render the partly paid-up equity shares liable for forfeiture, including amounts already paid. This action would be taken in accordance with the Companies Act, 2013, the company's Articles of Association, and the Letter of Offer terms.

Shareholders must ensure their PAN is linked with Aadhaar and comply with the Central Board of Direct Taxes notification dated February 13, 2020, and press release dated June 25, 2021. All payment slips must include complete details including the shareholder's PAN number as required under the Income Tax Act, 1961.