Re-appointment of Mr. Raja Gopal Chinraj as Whole Time Director to hold office for a period of 3 years
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Suditi Industries announced multiple decisions at its December 19, 2025 board meeting. It re-appointed Mr. Raja Gopal Chinraj (DIN: 00158832) as Whole Time Director and CEO for 3 years from June 1, 2026 to May 31, 2029, subject to shareholder approval. The company plans to raise about Rs. 58.87 crore in total via a preferential issue — Rs. 42.96 crore through up to 72.67 lakh convertible warrants and Rs. 15.91 crore through up to 26.91 lakh equity shares — both to non-promoter investors at Rs. 59.12 per share/warrant. Authorised share capital will be raised from Rs. 60 crore to Rs. 70 crore, and the MOA's main objects clause will be expanded to include retail, apparel, fashion, and franchising businesses. The company will acquire the remaining 50% stake in SAA & Suditi Retail Pvt Ltd for just Rs. 5,000, making it a wholly owned subsidiary, and raised the Section 186 investment/loan limit to Rs. 500 crore. An EGM is set for January 16, 2026 to seek shareholder approval.
The preferential issue at Rs. 59.12 per share will dilute existing shareholders and bring in new non-promoter investors, while the subsidiary consolidation strengthens control over the apparel venture. The wider object clause signals the company's intent to expand aggressively into retail and branded businesses, which could change its growth profile but also introduces execution and capital deployment risk.