Outcome of meeting of the Rights Issue Committee of the Board of Directors of Suraj Industries Limited ('the Company') under Regulation 30 of the Securities and Exchange Board of India ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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The Rights Issue Committee of Suraj Industries Limited approved the allotment of 2,99,25,394 partly paid-up rights equity shares at Rs. 40 per share (face value Rs. 10, premium Rs. 30). The allotment ratio was 21 rights shares for every 13 fully paid-up shares held as on the record date of October 13, 2025. Post-allotment, the company's total share count rises from 1,85,25,244 to 4,84,50,638 shares, taking total equity capital to approximately Rs. 48.45 crore (assuming all future calls are paid). The shares are partly paid, meaning shareholders may face future capital calls to make them fully paid.
This rights issue will significantly expand the company's share capital (over 2.6x increase in share count) and bring in fresh equity, but it will also dilute existing shareholders' holdings. Investors should watch for future call money demands on the partly paid shares.