Raising of Funds by way of the Issue of partly paid up Equity Shares of the company to the eligible shareholders as on the record date ( to be notified later) on a right basis.
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On the reaction day the stock moved 0.5 pts less than Nifty Microcap 250 and 0.1 pts more than its Breweries & Distilleries peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Suraj Industries' board approved buying additional shares in its subsidiary Carya Chemicals and Fertilizers Pvt Ltd, taking its stake from 85.75% to 95.44%. The company will acquire about 63.78 lakh shares at Rs. 12.60 per share for a total of around Rs. 8.04 crore from Mr. Suraj Prakash Gupta and Sarth Agbev and Energy Pvt Ltd. Carya operates a liquor bottling plant (started April 2025) and is building a distillery. Separately, the board approved a rights issue of partly paid-up equity shares to existing shareholders to raise up to Rs. 120 crore. Key terms like issue price and record date are yet to be decided. Both Carya acquisitions are related party transactions, already cleared by shareholders at the August 26, 2025 AGM.
The rights issue of up to Rs. 120 crore could lead to share dilution for existing shareholders, and partly paid-up shares mean further cash calls later. The Carya acquisition consolidates control in a newly operational distillery/bottling business with no revenue history yet, so near-term returns depend on the distillery coming online.