Letter of Offer dated October 09,2025, for the Rights Issue of the Company.
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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 Rs. 30 premium), aggregating up to Rs. 11,970.16 lakh (~Rs. 119.70 crore). The issue is being offered to eligible shareholders in the ratio of 21 Rights Shares for every 13 fully paid-up shares held, with record date set as Monday, October 13, 2025. The issue opens on October 23, 2025 and closes on November 7, 2025. The shares are partly paid-up: investors pay Rs. 10 per share (25%) on application, with the remaining Rs. 30 (75%) payable on one or more subsequent calls as decided by the Board.
Eligible shareholders must decide whether to subscribe, sell/renounce their rights entitlements, or let them lapse. Not subscribing will lead to dilution of their ownership stake. The partly paid-up structure eases the upfront cash burden, but investors must be prepared for future call money demands from the company.