Intimation for Litigation, as per the provisions of regulation 30 of the SEBI(LIsting Obligations and Disclosures Requirements) Regulations, 2015.
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Suraj Industries Ltd and its material subsidiary Carya Chemicals & Fertilizers Pvt Ltd have been sued by Globus Spirits Ltd in the Delhi High Court (Commercial Suit No. 1052/2025) over alleged trade mark and copyright infringement related to liquor products. The court has passed an ex-parte ad-interim injunction (an interim order issued without hearing the company). Globus Spirits is claiming Rs. 2 Crore in damages. The company strongly denies the allegations, stating that both it and its subsidiary sell liquor under labels approved by the Excise Department of Rajasthan, and considers the ex-parte order legally unsustainable. The matter is being contested and all legal remedies are being reserved.
Negative near-term sentiment as an adverse interim injunction has been passed and Rs. 2 Crore damages are being claimed; however, the company is actively defending itself and the case is still at an interim stage with no final ruling yet, so long-term impact depends on the outcome of the defense.