Intimation for Extra Ordinary General Meeting of the Company will be held on Monday , April 28,2025.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Suraj Industries Ltd has called an Extra-Ordinary General Meeting (EGM) on April 28, 2025, at 3:30 PM via video conferencing. Three key items will be taken up: (1) Issuance of up to 33,72,994 equity shares of Rs. 10 face value at Rs. 76 per share (total ~Rs. 25.63 crore) to the shareholders of Carya Chemicals and Fertilizers Pvt Ltd as consideration for acquiring up to 2,03,45,066 equity shares of Carya (a share-swap deal). (2) Increase in authorised share capital from Rs. 25 crore to Rs. 40 crore (from 2.5 crore to 4 crore equity shares of Rs. 10 each). (3) Approval for material related party transactions with Carya (described as a material subsidiary) up to Rs. 82 crore for FY 2025-26. The cut-off date for e-voting eligibility is April 21, 2025, and remote e-voting runs from April 25 to April 27, 2025.
For shareholders, the main event is the proposed share-swap acquisition of Carya Chemicals & Fertilizers, which will dilute existing equity by issuing new shares and bring Carya within the Suraj group. The hike in authorised capital and the Rs. 82 crore related-party transaction limit with Carya signal significant business expansion and integration with the subsidiary. Shareholders should review the swap ratio and pricing carefully before voting at the EGM.