The Exchange has received the disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Sarita Jain & Arun Jain
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Sarita Jain and Arun Jain (non-promoter acquirers) acquired 41,82,000 equity shares of Suraj Industries Ltd through a rights issue allotment dated November 10, 2025. Sarita Jain's stake jumped from 0.67% (1,23,626 shares) to 8.86% (42,91,626 shares), while Arun Jain acquired 14,000 shares (0.03%). Combined post-acquisition holding stands at 8.89% (43,05,626 shares) of the expanded share capital. The disclosure was triggered because their combined holding crossed the 5% threshold under SEBI Takeover Regulations. The company's equity share capital expanded to Rs. 48.45 crore comprising fully paid-up and partly paid-up equity shares of Rs. 10 each.
Non-promoter investors significantly increased their stake via the rights issue, signalling confidence in the company's fundraising. Their combined holding of 8.89% places them just below the 10% regulatory threshold, meaning further acquisitions could trigger additional open-offer obligations. No direct impact on promoter control, but indicates broader shareholder participation in the rights issue.