Extra- Ordinary General Meeting - Voting Results & Scrutinizer Report.
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Suraj Industries Ltd held an Extra-Ordinary General Meeting on April 28, 2025, where all three resolutions were passed with overwhelming majority. Resolution 1 (Special) approved issuance of up to 33,72,994 equity shares to shareholders of Carya Chemicals and Fertilizers Pvt Ltd through a share swap, with 99.9996% votes in favour (1.08 crore votes for, just 40 against). Resolution 2 (Ordinary) approved an increase in authorised share capital and amendment to the capital clause of the Memorandum of Association, passed unanimously with 100% support. Resolution 3 (Ordinary) approved material related party transactions with Carya Chemicals & Fertilizers Pvt Ltd (a material subsidiary) up to Rs. 82.00 crores for FY 2025-26, also passed with 100% in favour, though promoters abstained as they are interested parties. Out of 18,000 total shareholders, about 61 attended via video conferencing.
Shareholders have approved a share-swap deal with Carya Chemicals and Fertilizers that will dilute existing equity by issuing ~33.73 lakh new shares. The increase in authorised share capital provides room for further issuance, and the Rs. 82 crore related-party transaction limit signals significant business activity between Suraj Industries and its material subsidiary going into FY26.