Letter of offer dated October 09,2025, for the Right Issue of the Company.
Price
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Suraj Industries Ltd has filed the Letter of Offer dated October 09, 2025, for a Rights Issue of up to 2,99,25,394 partly paid-up equity shares of face value Rs. 10 each at an issue price of Rs. 40 per share (including a Rs. 30 premium), aggregating up to Rs. 11,970.16 Lakh (about Rs. 119.7 crore). Eligible shareholders can subscribe in the ratio of 21 Rights Shares for every 13 fully paid-up shares held as on the record date of Monday, October 13, 2025. Investors need to pay only Rs. 10 per share (25% of issue price) on application, with the remaining Rs. 30 (75%) payable on one or more future calls decided by the Board. The issue opens on October 23, 2025 and closes on November 7, 2025, with listing on BSE expected around November 11, 2025.
Eligible shareholders get the right to buy additional shares at a fixed price, with only 25% upfront payment required. Shareholders who do not participate will see their stake diluted, and those who cannot pay future calls risk losing their partly paid-up shares. The actual attractiveness depends on the current market price versus the Rs. 40 issue price.