Suraj Industries Limited (BSE: 526211) has announced the rescheduling of its Rights Issue Committee meeting, which was originally set for September 22, 2025. The postponement comes as the company awaits in-principle approval from BSE Limited for its proposed rights issue.

Delayed Meeting and Pending Approval

The Rights Issue Committee meeting was intended to determine crucial aspects of the upcoming rights issue, including the issue price and other terms. However, the company has been forced to delay the meeting due to the pending approval from BSE Limited. Suraj Industries has stated that a new date for the meeting will be announced in due course.

Trading Window Closure

In line with regulatory requirements, Suraj Industries has confirmed that the trading window for the company's securities will remain closed. This closure will extend until 48 hours after the conclusion of the rescheduled Rights Issue Committee meeting, in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015 and the company's code of conduct for prevention of Insider Trading.

Recent Corporate Developments

While the rights issue process is ongoing, Suraj Industries has also made progress on another significant corporate matter. On September 22, 2025, the company received approval from the Central Government (Regional Director, Northern Region) for shifting its registered office. The order, dated September 19, 2025, grants permission to move the registered office from the State of Himachal Pradesh to the National Capital Territory (NCT) of Delhi.

This relocation of the registered office follows the company's earlier intimations and the outcome of an Extraordinary General Meeting held on May 30, 2024, where shareholders approved the move.

Company Overview

Suraj Industries Limited, with its corporate office located in Okhla Industrial Area, Phase-II, New Delhi, is listed on the BSE with the scrip code 526211. The company's current registered office is in Sansarpur Terrace, District Kangra, Himachal Pradesh.

Investors and stakeholders are advised to monitor the company's announcements for updates on the rescheduled Rights Issue Committee meeting and further developments regarding the rights issue process.

Suraj Industries Limited (SIL) has unveiled plans for a significant rights issue and an increase in its stake in its subsidiary, Carya Chemicals & Fertilizers Private Limited (Carya). These strategic moves were approved by the company's Board of Directors on September 16, 2025.

Rights Issue Details

SIL's Board has approved a rights issue of partly paid-up equity shares to raise up to ₹120.00 crore. The issue will be offered to eligible shareholders as of a yet-to-be-announced record date. Specific terms, including the issue price, rights entitlement ratio, and payment schedule, will be determined by the company's Rights Issue Committee.

Increased Stake in Carya Chemicals & Fertilizers

Alongside the rights issue, SIL has decided to increase its shareholding in its subsidiary, Carya Chemicals & Fertilizers Private Limited. The company plans to acquire:

• 22,73,234 equity shares from Suraj Prakash Gupta for ₹2,86,42,749
• 41,05,120 equity shares from Sarth Agbev and Energy Private Limited for ₹5,17,24,512

These acquisitions, totaling ₹8,03,67,261, will be made at ₹12.60 per share, based on a valuation report by Corporate Professionals Valuation Services Private Limited. Upon completion, SIL's stake in Carya will increase from 85.75% to 95.44%.

About Carya Chemicals & Fertilizers

Carya, incorporated in 2013, operates in the distillery sector. The company recently commenced operations of a bottling plant for Indian Made Foreign Liquor and Country Liquor in April 2025. It is also in the process of setting up a distillery for the manufacture of Extra Neutral Alcohol.

Strategic Implications

The rights issue aims to strengthen SIL's financial position, while the increased stake in Carya aligns with the company's strategy to consolidate its position in the liquor manufacturing sector. These moves come as Carya expands its operations, having recently started its bottling plant and with a distillery unit under construction.

SIL expects to complete the share acquisitions within six months, subject to necessary approvals and conditions.

Investors and shareholders should await further details on the rights issue terms and record date, which will be announced in due course.