Intimation of Amendment in Loan Agreement with M/s Carya Chemicals & Fertilizers Private Limited.
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 increased its inter-corporate loan to its 85.75%-owned material subsidiary Carya Chemicals & Fertilizers Pvt Ltd from Rs 20 Crores to Rs 50 Crores through an amendment dated November 14, 2025. The loan is unsecured, carries interest of 15% per annum on Rs 8.14 Crores (effective Oct 1, 2025) and 9.85% per annum on the remaining amount, with a 3-year tenure. The funds are meant for Carya's distillery project, and the loan is optionally convertible into Carya's equity at the lender's discretion. Of the original Rs 20 Crores sanctioned on July 11, 2025, Rs 12.30 Crores is currently outstanding. The transaction qualifies as a related party deal but is stated to be at arm's length.
Shareholders should note that Suraj Industries is committing an additional Rs 30 Crores to its subsidiary's distillery project, raising the company's exposure. While this signals confidence in the subsidiary's project, it also increases tied-up capital; the equity conversion option gives Suraj flexibility to recover or expand its stake in Carya later.