Loan converted to equity in CARYA; Suraj stake rises to 96.06%

Listed Co AcquisitionStrategic Transactions View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

+4.6%Reaction day

₹57.50

prior close

₹57.50

announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+0.8%+3.7% vs market

Breweries & Distilleries peers, median of 25sector-0.5%+5.1% vs sector

On the reaction day the stock moved 3.7 pts more than Nifty Microcap 250 and 5.1 pts more than its Breweries & Distilleries peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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+4.6+0.8+3.7-0.5+5.1

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+3.9+0.1+3.7-1.3+5.2

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+13.9+5.2+8.7-2.9+16.9

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UpDownMarket · Nifty Microcap 250Sector · Breweries & Distilleries peers, median of 25Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Suraj Industries converted a Rs. 25 crore unsecured loan into equity of its material subsidiary Carya Chemicals. Carya allotted 1.05 crore shares at Rs. 23.80 each. Suraj's stake in Carya rose from 95.44% to 96.06%. Carya operates in breweries and distilleries, with FY26 turnover of Rs. 87.11 crore. No cash was paid; transaction is a related party deal at arm's length.

Likely market impact

Increases control in subsidiary without cash outflow; strengthens holding structure in liquor bottling and distillery business.