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 board of directors has approved a strategic acquisition to increase its stake in Shri Gang Industries and Allied Products Limited. The board meeting resulted in the approval to acquire 1,35,000 equity shares of Shri Gang from Mr. Ritesh Gupta, who serves as Joint Managing Director and is a member of the promoter group.

Transaction Details

The acquisition represents a related party transaction that was reviewed and approved by the Audit Committee before being presented to the board for consideration. The transaction will be conducted on an arm's length basis with cash consideration.

The acquisition will increase Suraj Industries' stake in Shri Gang Industries from 19.31% to 20.02%. The acquisition price will be determined as the average of the opening and closing market prices of Shri Gang's equity shares as quoted on BSE Limited on the working day immediately preceding the transaction execution date.

About Shri Gang Industries

Shri Gang Industries operates in the alcoholic beverages and Extra Neutral Alcohol (ENA) manufacturing industry, positioning itself in the breweries and distilleries sector. The company has established a bottling plant for Indian Made Foreign Liquor (IMFL) and Country Liquor at Sandila, District Hardoi, Uttar Pradesh, which commenced commercial production in July 2020.

The company further enhanced its capabilities by commissioning a grain-based distillery unit in September 2022, diversifying its revenue streams and expanding production capabilities. Shri Gang has entered into strategic partnerships including an exclusive manufacturing arrangement with United Spirits Limited for producing prestigious IMFL brands and a long-term supply agreement for Extra Neutral Alcohol.

Financial Performance

Shri Gang's financial performance demonstrates solid operational results in the breweries and distilleries sector:

The company, incorporated on August 2, 1989, operates exclusively in India and has established itself as a key player in the alcoholic beverages manufacturing sector through its strategic partnerships with United Spirits Limited.

Regulatory Compliance

Apart from approvals required under the Companies Act, 2013, and SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, no other government or regulatory approval is required for this acquisition.

Strategic Objective

The primary objective of this acquisition is to further consolidate Suraj Industries' shareholding in Shri Gang Industries. This move strengthens Suraj Industries' position in its investment portfolio and increases its influence in a company that operates in the breweries and distilleries sector with established partnerships and operational performance.