Suryo foods & industries Limited has successfully completed the allotment of 29,70,000 fully paid-up equity shares through its rights issue, marking a significant milestone in the company's capital expansion plans. The Board of Directors approved the allotment on March 9, 2026, following the completion of the rights issue subscription period.

Rights Issue Details

The rights issue was priced at ₹20 per equity share, including a premium of ₹10 per share over the face value of ₹10. The issue opened for subscription on February 19, 2026, and closed on March 6, 2026, providing eligible shareholders with the opportunity to subscribe to additional shares.

Capital Structure Impact

The successful completion of the rights issue has substantially increased the company's paid-up share capital. The allotment has resulted in a 75% increase in the total number of outstanding equity shares.

Board Meeting and Approval Process

The Board of Directors meeting was held on March 9, 2026, from 5:00 PM to 5:30 PM to approve the allotment. The basis of allotment was finalized in consultation with Cameo Corporate Services Limited, which served as the Registrar to the Issue, and received approval from BSE Limited as the designated stock exchange for the rights issue.

The rights issue proposal was initially approved by the Board in their meeting held on December 11, 2025, with the specific terms and Letter of Offer approved in the February 5, 2026 Board meeting. The company has fulfilled all regulatory requirements under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Regulatory Compliance

The company has provided comprehensive details as required under Regulation 30(6) of SEBI Listing Regulations and SEBI Master Circular dated November 11, 2024. The rights issue represents a standard equity share issuance to existing eligible shareholders and renouncees, with no cancellation or termination of the proposal reported.

Suryo Foods & Industries Limited has finalized the terms of its rights issue following board approval on February 5, 2026. The company received in-principle approval from BSE Limited on January 30, 2026, paving the way for this equity fundraising initiative.

Rights Issue Structure and Pricing

The rights issue comprises 29.70 lakh fully paid-up equity shares with a face value of ₹10 each. The company has set the issue price at ₹20 per share, including a premium of ₹10 per share.

Eligibility and Rights Entitlement

Shareholders holding equity shares as on the record date of February 11, 2026, will be eligible to participate in the rights issue. The rights entitlement ratio has been set at 3 rights equity shares for every 4 fully paid-up equity shares held by eligible shareholders.

Rights Entitlements will be credited to shareholders' demat accounts under ISIN INE565E20016 prior to the issue opening date. The company has coordinated with NSDL and CDSL for the credit process.

Issue Timeline and Trading Schedule

The rights issue will commence on February 19, 2026, and conclude on March 6, 2026. Shareholders will have multiple options for renunciation during the issue period.

Share Capital Impact

The rights issue will significantly expand the company's equity base upon full subscription. The outstanding equity shares will increase from 39.60 lakh shares to 69.30 lakh shares, representing a substantial expansion in the company's share capital.

Rights Entitlement holders must submit applications with full payment by the issue closing date to receive allotment. Unutilized rights entitlements will lapse without allotment. The board retains the right to extend the closing date, subject to a maximum issue period of 30 days from the opening date.