Mauria Udyog Limited has received a regulatory disclosure from promoter Deepanshu Sureka regarding the acquisition of a significant stake through a gift transaction. The disclosure was submitted to stock exchanges on December 17, 2025, pursuant to SEBI regulations governing substantial acquisitions.

Transaction Overview

Deepanshu Sureka, along with the promoter group, acquired 26,96,145 equity shares representing 2.02% stake in Mauria Udyog Limited as gift on December 15, 2025. The transaction was completed through an off-market gift received on marriage, involving equity shares of face value ₹1.00 each.

Current Promoter Group Holdings

Following this acquisition, the promoter group's consolidated shareholding pattern shows substantial ownership in the company. The group consists of Deepanshu Sureka as the primary acquirer and several Persons Acting in Concert (PACs).

Regulatory Compliance and Filing Details

The disclosure was made pursuant to Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company filed the disclosure with BSE Limited and Calcutta Stock Exchange Limited on December 17, 2025, where the shares are listed under scrip codes 539219 and 023114 respectively, with the symbol MUL. The filing was signed by Managing Director Navneet Kumar Sureka (DIN: 00054929) on behalf of the company.

Company Profile

Mauria Udyog Limited operates in the packaging sector and is classified as a small-cap stock with a market capitalization of ₹156.24 crores. The company has a total equity share capital of ₹13,32,00,000 divided into 13,32,00,000 equity shares of ₹1.00 each. The company is a government recognized export house manufacturing LPG cylinders, valves, and regulators, with manufacturing facilities located in Faridabad, Haryana.

In a significant development for Mauria Udyog Limited, the High Court of New Delhi has issued an order restraining Vishnu Kumar Sureka (HUF) and others from selling, alienating, transferring, or creating third-party rights regarding their shareholding in the company. This interim order stems from a petition filed by Navneet Kumar Sureka under Section 9 of the Arbitration & Conciliation Act, 1996.

Key Details of the Court Order

• Petitioner: Navneet Kumar Sureka
• Respondents: Vishnu Kumar Sureka HUF and others
• Court: High Court of New Delhi
• Case Number: O.M.P.(I) (COMM.) 404/2025
• Date of Order: September 25, 2025

Background of the Dispute

The dispute arises from an alleged violation of a Family Settlement and Memorandum of Understanding (MoU) dated May 4, 2024. According to the petition:

1. The Sureka family had agreed to divide control and management of family-held companies.
2. Mauria Udyog Limited was to come under the exclusive control of Navneet Kumar Sureka, his wife, his son, and Navneet Kumar Sureka HUF.
3. The MoU was executed to formalize the terms of a partial Family Settlement.

Allegations and Court's Observations

1. Share Dilution: The petitioner claims that from August 15, 2025, Vishnu Kumar Sureka HUF began alienating shares of Mauria Udyog Limited.
2. Shareholding Decrease: The HUF's shareholding reportedly decreased from 1,00,61,500 equity shares to 79,19,036 shares, representing approximately a 21.29% divestment.
3. Market Impact: The court noted that this offloading resulted in a significant decline in share value during the week ending September 5, 2025.

Court's Decision

The High Court, prima facie, found merit in the petitioner's case and issued the following directives:

1. Respondents (including Vishnu Kumar Sureka HUF) are restrained from selling, alienating, transferring, or creating third-party rights in their Mauria Udyog Limited shares.
2. This order remains in effect until the next hearing date.

Implications

This court order has significant implications for Mauria Udyog Limited's ownership structure and potentially its stock market performance. Investors and stakeholders should closely monitor further developments in this family dispute and its impact on the company's governance and operations.

The case underscores the complexities that can arise in family-owned businesses, especially when it comes to succession planning and control distribution. It also highlights the importance of clear and binding agreements in family settlements to prevent future disputes.

As the matter is sub-judice, further details await the next court hearing and potential arbitration proceedings.