Suryo Foods & Industries Limited , a company listed on the Bombay Stock Exchange (BSE: 519604), has announced a significant change in its capital structure. The Board of Directors, in a meeting held on September 17, 2025, approved an increase in the company's Authorized Share Capital from Rs. 10 crore to Rs. 15 crore.

Key Details of the Capital Increase

The decision to increase the Authorized Share Capital involves the creation of an additional 50 lakh equity shares, each with a face value of Rs. 10. This move will expand the total number of authorized equity shares from 1 crore to 1.5 crore.

Shareholder Approval and AGM

The resolution for this capital increase will be presented to shareholders for approval through an Addendum to the Notice of the 36th Annual General Meeting (AGM). This step is crucial for the company to formalize the expansion of its capital base.

Board Meeting Details

Regulatory Compliance

The company has duly informed the BSE Limited about this development, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This transparency ensures that all stakeholders are kept informed about significant corporate actions.

Potential Implications

While the increase in Authorized Share Capital does not immediately impact the company's outstanding shares or market capitalization, it does provide Suryo Foods & Industries with the flexibility for potential future capital raising activities. This could include issuing new shares for various corporate purposes such as expansion, acquisitions, or strengthening the balance sheet.

Investors and market participants will be keenly watching for any further announcements from the company regarding its plans for utilizing this expanded capital base. The upcoming AGM is likely to provide more insights into the company's strategic direction and the rationale behind this capital increase.

Suryo Foods & Industries Limited , a prominent player in the seafood industry, has announced significant changes to its board composition, recommending three director appointments for shareholder approval at the upcoming Annual General Meeting.

Board Recommendations

The company's Board of Directors has put forward the following recommendations:

1. Re-appointment of Mr. Ajay Kumar Dash: Mr. Dash, who holds a Bachelor in Arts degree and boasts 40 years of experience in the seafood industry, has been recommended for re-appointment as a Director liable to retire by rotation.

2. Re-appointment of Mr. Amarendra Dash: The Board has proposed the re-appointment of Mr. Amarendra Dash as Managing Director for a five-year term, from August 1, 2025, to July 31, 2030. Mr. Dash, aged 77, holds a B.Tech in Mechanical Engineering and is considered a pioneer in the seafood industry with four decades of experience.

3. Appointment of Mr. Sandeep Kumar Hota: Mr. Hota, aged 44, has been recommended for appointment as an Independent Director. He holds an MBA from Queen's School of Business, Kingston, and brings over 23 years of business and technology consulting experience across diverse industries.

Notable Achievements and Experience

Mr. Amarendra Dash, the current Managing Director, has received two National Awards from the President of India for achieving the highest export of marine products. His extensive experience includes introducing shrimp aquaculture commercially to India and successfully navigating numerous commodity cycles. Mr. Dash has also served as the state Chairman of the Confederation of Indian Industry (CII).

Mr. Sandeep Kumar Hota's diverse consulting experience spans infrastructure, higher education, retail, healthcare, IT services, energy, and telecom sectors. He possesses strong project management skills and has worked with cross-cultural teams across the globe, including the USA, Canada, UK, Middle-East, South East Asia, and India.

Family Relationships on the Board

The proposed appointments reveal several family relationships among board members:

• Mr. Ajay Kumar Dash is the younger brother of Managing Director Mr. Amarendra Dash and uncle to Executive Director Mr. Aditya Dash.
• Mr. Amarendra Dash is the husband of Mrs. Annapurna Dash (Non-Executive Non-Independent Director) and father of Mr. Aditya Dash (Executive Director).

These recommendations demonstrate Suryo Foods & Industries Limited's commitment to maintaining a balance of experience, industry expertise, and fresh perspectives on its board. Shareholders will have the opportunity to vote on these appointments at the forthcoming Annual General Meeting.