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 has successfully resolved its trademark infringement dispute with Globus Spirits Ltd through a settlement agreement executed on December 22, 2025. The resolution brings closure to Commercial Suit No. 1052/2025 that was filed in the Delhi High Court, which had initially sought Rs 2.00 crore in damages.

Settlement Agreement Details

The company has reached an amicable resolution with Globus Spirits Ltd, ending the legal dispute that began with allegations of trademark infringement against Suraj Industries and its subsidiary, Carya Chemicals & Fertilizers Pvt Ltd. The settlement provides comprehensive resolution of all claims related to the alleged trademark violations.

Key Settlement Terms

The settlement agreement encompasses several important provisions for both parties. The terms include full and final resolution of all claims relating to the alleged trademark infringement, complete withdrawal of the lawsuit, and cessation of use of the disputed labels by Suraj Industries and its subsidiary.

Additionally, the agreement allows for clearance of existing stock within an agreed timeline and mandates the adoption of new labels going forward. The settlement amount of Rs 16.15 lakh represents full and final settlement of all claims, damages, litigation costs, and expenses.

Financial Impact Assessment

According to the company's disclosure, the settlement does not have any material adverse impact on Suraj Industries' financial position. The final settlement amount of Rs 16.15 lakh is significantly lower than the original Rs 2.00 crore damages sought by Globus Spirits Ltd in the initial lawsuit.

Background of the Dispute

The legal proceedings began when Globus Spirits Ltd filed Commercial Suit No. 1052/2025 in the Delhi High Court, alleging trademark infringement and passing off by Suraj Industries and its subsidiary. The court had initially issued an ex-parte ad-interim injunction against Suraj Industries.

Suraj Industries had previously denied all allegations, maintaining that both the company and its subsidiary had been selling liquor products under labels duly approved by the Excise Department, Government of Rajasthan. Company Secretary and Compliance Officer Snehlata Sharma had stated that the company considered the ex-parte order legally unsustainable.

Resolution Outcome

The amicable settlement demonstrates both parties' willingness to resolve the dispute outside prolonged litigation. With the withdrawal of the lawsuit and agreement on operational changes, Suraj Industries can now focus on its business operations with new labeling arrangements while maintaining compliance with the settlement terms.