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Suraj Industries has completed the acquisition of 25,000 equity shares of Shri Gang Industries and Allied Products Ltd from Mr. Vikas Gupta, as an update to its March 26, 2026 disclosure. Separately, Shri Gang allotted 2,50,000 equity shares (face value ₹10) to its Promoter and Promoter Group on a preferential basis through the conversion of 0.01% CCPS at a price of ₹99 per share. As a result, the paid-up equity share capital of Shri Gang rose to ₹19.98 crore, comprising 1,99,80,000 equity shares. Consequently, Suraj Industries' shareholding in Shri Gang now stands revised to 20.02% of the paid-up equity share capital.
This is a strategic investment update rather than a direct material change for Suraj Industries' own operations. Shareholders should note that Suraj now holds a meaningful but non-controlling 20% stake in Shri Gang, and the simultaneous preferential allotment to Shri Gang's promoter group caused some dilution. Investors may want to track the rationale and future value of this associate-level investment.