Intimation for Acquisition.
Price
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Awaiting price reaction for this filing.
Suraj Industries Ltd's Board, at its meeting on December 17, 2025, approved the acquisition of 1,35,000 equity shares of Shri Gang Industries and Allied Products Ltd from Mr. Ritesh Gupta, Joint Managing Director and promoter group member. Post-acquisition, Suraj Industries' holding in Shri Gang will rise from 19.31% to 20.02%. The acquisition is a related party transaction, reviewed by the Audit Committee and done at arm's length, to be completed within 30 days via cash consideration at the average of Shri Gang's BSE opening and closing price on the preceding working day. Shri Gang operates in breweries and distilleries, running an IMFL bottling plant and grain-based distillery in UP with exclusive manufacturing ties to United Spirits Ltd. Its FY25 turnover was Rs 352.62 crore with PAT of Rs 29.33 crore, up from Rs 288.64 crore and Rs 14.79 crore in FY24.
This is a small incremental stake increase (0.71%) in an associate company that is already profitable and growing, with no control implications. Shareholders should note it is a related party transaction with the promoter group, though priced at market rates and audit committee-approved, so material impact on Suraj Industries' stock is likely limited.