Announcement under Regulation 30(LODR),2015 - Allotment
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Suraj Industries Ltd has allotted 2,99,25,394 partly paid-up Rights Equity Shares at Rs. 40 per share (face value Rs. 10, premium Rs. 30) under its Rights Issue. The ratio offered was 21 Rights Equity Shares for every 13 fully paid-up shares held as on the record date of October 13, 2025. Post-allotment, the total equity share capital rises from 1,85,25,244 shares (Rs. 18.52 crore) to 4,84,50,638 shares (Rs. 48.45 crore), assuming all calls are fully paid up. The allotment was approved by the Rights Issue Committee on November 10, 2025, following the Letter of Offer dated October 9, 2025.
The share base expands by roughly 161%, which will dilute existing shareholders unless they fully subscribed. Partly paid-up shares mean investors need to pay the balance (called-up amount) later, introducing future cash-call obligations for those who applied.