Intimation regarding receipt of Excise Licenses by M/s Carya Chemicals & Fertilizers Private Limited , a Material Subsidiary Company of the Company, for Bottling Plant for Country Liquor ....
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Suraj Industries Ltd announced that its material subsidiary, Carya Chemicals & Fertilizers Pvt Ltd (CARYA), has received four excise licenses from the Excise Commissioner, Rajasthan (Udaipur) on April 15, 2025. The licenses cover bottling of Indian Made Foreign Liquor (IMFL) and Country Liquor, as well as bonded warehouse and wholesale licenses for both categories. These licenses pertain to CARYA's bottling plant set up at RIICO Industrial Area, Guwadi & Majhari, Block Shahbad, Dist. Baran, Rajasthan. With these approvals in hand, the subsidiary is now positioned to commence manufacturing and distribution operations at the Rajasthan facility.
Positive development for shareholders — receipt of all required excise licenses removes the key regulatory hurdle for CARYA's liquor bottling plant, enabling it to start commercial production and generate revenue. This could be a meaningful growth driver for Suraj Industries given CARYA's status as a material subsidiary.