Outcome of the Right Issue Committee of the Board of Directors held on October 07,2025.
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Suraj Industries Ltd's Rights Issue Committee finalised the terms of a proposed rights issue of up to Rs. 119.70 crore (approx. Rs. 120 crore). The company will issue up to 2,99,25,394 partly paid-up equity shares of Rs. 10 face value at Rs. 40 per share (including a Rs. 30 premium). The entitlement ratio is 21 rights shares for every 13 shares held. On application, shareholders need to pay Rs. 10 per share (Rs. 2.5 face value + Rs. 7.5 premium), with the balance Rs. 30 payable in subsequent calls. The record date has been fixed as October 13, 2025, the issue opens on October 23, 2025, and closes on November 7, 2025. Post-issue, total equity shares will rise from about 1.85 crore to about 4.85 crore assuming full subscription.
Eligible shareholders as on October 13, 2025 will get the right to buy additional shares at Rs. 40 each on a 21:13 ratio, which may lead to short-term dilution but also raise fresh capital for the company. Shareholders should assess whether to subscribe, renounce, or let the rights lapse before November 7, 2025.