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.

Suraj Industries Limited (BSE: 526211) has announced the rescheduling of its Rights Issue Committee meeting, which was originally set for September 22, 2025. The postponement comes as the company awaits in-principle approval from BSE Limited for its proposed rights issue.

Delayed Meeting and Pending Approval

The Rights Issue Committee meeting was intended to determine crucial aspects of the upcoming rights issue, including the issue price and other terms. However, the company has been forced to delay the meeting due to the pending approval from BSE Limited. Suraj Industries has stated that a new date for the meeting will be announced in due course.

Trading Window Closure

In line with regulatory requirements, Suraj Industries has confirmed that the trading window for the company's securities will remain closed. This closure will extend until 48 hours after the conclusion of the rescheduled Rights Issue Committee meeting, in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015 and the company's code of conduct for prevention of Insider Trading.

Recent Corporate Developments

While the rights issue process is ongoing, Suraj Industries has also made progress on another significant corporate matter. On September 22, 2025, the company received approval from the Central Government (Regional Director, Northern Region) for shifting its registered office. The order, dated September 19, 2025, grants permission to move the registered office from the State of Himachal Pradesh to the National Capital Territory (NCT) of Delhi.

This relocation of the registered office follows the company's earlier intimations and the outcome of an Extraordinary General Meeting held on May 30, 2024, where shareholders approved the move.

Company Overview

Suraj Industries Limited, with its corporate office located in Okhla Industrial Area, Phase-II, New Delhi, is listed on the BSE with the scrip code 526211. The company's current registered office is in Sansarpur Terrace, District Kangra, Himachal Pradesh.

Investors and stakeholders are advised to monitor the company's announcements for updates on the rescheduled Rights Issue Committee meeting and further developments regarding the rights issue process.