Intimation for Newspaper Advertisement regarding the proposed Right Issue of the partly Paid-up Equity Shares of the Company.
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Awaiting price reaction for this filing.
Suraj Industries Ltd has published newspaper advertisements in Business Standard (English and Hindi) on October 16, 2025, regarding its proposed Rights Issue. The company is offering up to 2,99,25,394 partly paid-up equity shares of Rs. 10 face value at Rs. 40 per share (including a Rs. 30 premium), aggregating up to Rs. 119.70 crore. Eligible shareholders as on the record date of October 13, 2025 can subscribe in the ratio of 21 rights shares for every 13 fully paid-up shares held. The issue opens on October 23, 2025, with the last date for renunciations on November 3, 2025, and closes on November 7, 2025. BSE has already granted in-principle approval for listing of the rights equity shares.
Existing shareholders as on the record date (October 13, 2025) should evaluate whether to subscribe to the rights entitlement or let it lapse, as not subscribing will lead to dilution of their holdings. They can also sell/renounce their rights entitlements on or off market until November 3, 2025 to recover some value instead of letting them lapse.