Monitoring Agency Report for the quarter ended March 31,2026.
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Suraj Industries Ltd has submitted its Q4 FY2025-26 monitoring agency report for its Rights Issue of INR 119.70 crore conducted between October 23 and November 7, 2025. The issue was under-subscribed, with only INR 59.67 crore raised (about 50% of target). Due to the shortfall, only INR 23.34 crore of the planned INR 40 crore for subsidiary investment was deployed. All other objects including capital expenditure for corrugated boxes and PET bottles, loan repayment, and acquisitions are progressing as planned with the available funds. The monitoring agency confirms no deviation from stated objects and no unfavorable events affecting viability.
The under-subscription of the rights issue means the company has limited capital to execute its growth plans. Shareholders may see slower progress on expansion projects, though the monitoring report confirms proper utilization of funds raised.