Outcome of Board meeting held on July 28,2025.
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The Board of Directors of Suraj Industries Ltd, at its meeting held on July 28, 2025, approved several key items. The 33rd Annual General Meeting will be held on August 26, 2025 via video conferencing. M/s Padam Dinesh & Co. was re-appointed as Internal Auditor for FY 2025-26, while CS Shivani Agarwal was appointed as Secretarial Auditor for a five-year term (FY 2025-26 to FY 2029-30). Mrs. Pooja Solanki was re-appointed as Non-Executive Independent Director for a second term from January 23, 2026 to January 22, 2031. The Board also approved increasing the authorized share capital from Rs. 40 crore to Rs. 50 crore (by adding 1 crore equity shares of Rs. 10 each). Several material related party transactions were approved, including purchases from subsidiary Carya Chemicals of up to Rs. 60 crore (FY 2025-26) and Rs. 90 crore (FY 2026-27), acquisitions of Carya shares from related parties, and an extension of MD Mr. Suraj Prakash Gupta's remuneration period to February 5, 2028.
The authorized capital increase suggests the company is preparing for a potential fund-raising or stock split. The large related party transactions with the material subsidiary Carya Chemicals indicate deepening operational integration in the liquor/chemical business. All major approvals remain subject to shareholder approval at the upcoming AGM.