Suraj Industries Ltd has announced a significant development for its material subsidiary, Carya Chemicals Fertilizers Private Limited (CARYA). The company has received an Entitlement Certificate from the Commissioner Industries, Government of Rajasthan, granting it an investment subsidy under the Rajasthan Investment Promotion Scheme (RIPS)-2022.

Key Details of the Subsidy

Project Details

The subsidy is linked to CARYA's investment in a bottling plant located at Plot No. SP1-2, RIICO Industrial Area, Guwadi-Majhari, Block Shahabad, District Baran, Rajasthan. This facility is dedicated to the manufacturing of:

1. Indian Made Foreign Liquor
2. Rajasthan Made Liquor
3. Country Liquor

Implications and Outlook

This development represents a significant boost for Carya Chemicals Fertilizers Private Limited and, by extension, its parent company Suraj Industries Ltd. The investment subsidy, potentially reaching Rs 64.16 crores over seven years, may provide substantial financial support to the company's operations in Rajasthan.

The subsidy, offered through the Rajasthan Investment Promotion Scheme (RIPS)-2022, underscores the state government's efforts to encourage industrial growth and investment in the region. For Carya, this financial incentive could potentially enhance its competitive position in the liquor manufacturing sector within Rajasthan.

Investors and stakeholders of Suraj Industries Ltd may view this development as a positive indicator of the company's expansion strategies and its ability to leverage government schemes for financial benefits. However, it's important to note that the realization of the full subsidy amount will depend on the company's performance and tax payments over the coming years.

As this news may have implications for Suraj Industries Ltd's financial outlook, stakeholders are advised to monitor future company announcements and financial reports for a comprehensive understanding of how this subsidy may impact the company's overall performance.

Suraj Industries finds itself embroiled in a legal battle as Globus Spirits Ltd files a trademark infringement lawsuit against the company and its subsidiary, Carya Chemicals & Fertilizers Pvt Ltd. The case, filed in the Delhi High Court, has resulted in an ex-parte ad-interim injunction against Suraj Industries.

Legal Proceedings

Globus Spirits Ltd has initiated Commercial Suit No. 1052/2025 in the Delhi High Court, alleging trademark infringement and passing off by Suraj Industries and its subsidiary. The court has issued an ex-parte ad-interim injunction, a temporary order made without hearing the defendant's side.

Financial Implications

The lawsuit seeks damages of Rs 2.00 crore from Suraj Industries. However, the company has stated that it does not accept any of the allegations or claims made by Globus Spirits Ltd.

Suraj Industries' Response

Suraj Industries has categorically denied all allegations of trademark infringement. The company maintains that both it and its subsidiary have been selling liquor products under labels duly approved by the Excise Department, Government of Rajasthan.

In a statement to the BSE, Snehlata Sharma, Company Secretary and Compliance Officer of Suraj Industries, said, "The Company is of the considered view that neither it nor its Subsidiary has committed any act of infringement and/or passing off." The company further stated that it considers the ex-parte order legally unsustainable.

Next Steps

Suraj Industries and its subsidiary have reserved all rights, remedies, and defenses available to them under the law. The company's response suggests it intends to contest the allegations vigorously in court.

This legal dispute highlights the importance of intellectual property rights in the liquor industry and may have implications for how companies navigate trademark issues in the future. Investors and industry observers will likely be watching closely as this case unfolds in the Delhi High Court.