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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Suraj Industries announced that the Rajasthan Government has amended the Excise and Liquor Temperance Policy (2025–29), effective April 1, 2026. The revisions include a 5% increase in wholesale ex-distillery prices for Country Liquor and Rajasthan Made Liquor, which is expected to support the company's realizations and benefit its subsidiary Carya Chemicals & Fertilizers, which has a bottling capacity of around 48 lakh cases per annum. The policy also mandates that 3% of total CL and RML quota be lifted in aseptic brick packs, where Suraj enjoys a first-mover advantage in Rajasthan with installed capacity of 75,000–100,000 cases per month. Additionally, the company confirmed its proposed 50.03% acquisition of VRV Foods Ltd for about Rs 37 crore (funded via rights issue) and said its 125 KLPD grain-based distillery for ENA production is on track for Q1 FY27 commissioning.
Positive near-term catalyst: the 5% EDP hike and mandatory aseptic brick pack requirement directly benefit Suraj's existing businesses, while the VRV Foods acquisition and upcoming ENA distillery strengthen its growth pipeline and backward integration, likely supporting margins and long-term value for shareholders.