Appointment of Internal Auditor of the Company.
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The board of Suraj Industries Ltd met on July 28, 2025 and approved several items. It re-appointed M/s Padam Dinesh & Co. as internal auditor for FY 2025-26 and appointed CS Shivani Agarwal as secretarial auditor for five years (FY 2025-26 to FY 2029-30). Mrs. Pooja Solanki was re-appointed as a Non-Executive Independent Director for a second term running from January 23, 2026 to January 22, 2031. The 33rd AGM has been scheduled for August 26, 2025 via video conferencing. The board also approved raising authorised share capital from Rs. 40 crore to Rs. 50 crore (4 crore to 5 crore equity shares of Rs. 10 each). Further, it cleared material related-party transactions with subsidiary Carya Chemicals & Fertilizers (purchases up to Rs. 60 crore in FY26 and Rs. 90 crore in FY27, plus loans/investments up to Rs. 50 crore), acquisition of Carya shares from related parties, and extended MD Suraj Prakash Gupta's remuneration tenure to February 5, 2028.
Mostly routine compliance and governance housekeeping, but the Rs. 10 crore hike in authorised capital hints at potential future fundraising. The large related-party purchases and share acquisitions in the alcohol subsidiary point to active scaling of the liquor business, which may materially affect future revenues and margins for shareholders.