Outcome of the Right Issue Committee Meeting and intimation of record date.
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Suraj Industries Ltd has finalized the terms of its Rights Issue worth up to Rs. 119.70 crores. The company will issue up to 2,99,25,394 partly paid-up equity shares at Rs. 40 per share (including a Rs. 30 premium), payable as Rs. 10 on application and Rs. 30 on subsequent calls. The entitlement ratio is 21 rights shares for every 13 shares held. The Record Date has been fixed as October 13, 2025, with the issue opening on October 23, 2025 and closing on November 7, 2025. On full subscription, the company's share count will expand from about 1.85 crore to 4.84 crore equity shares.
Eligible shareholders as on the Record Date (October 13, 2025) can participate in the rights issue. Existing shareholders should evaluate whether to subscribe, renounce, or let the entitlement lapse, as the issue will dilute their holdings if not fully taken up.