Update on acquisition of shares of M/s Carya Chemicals & Fertilizers Private Limited.
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Suraj Industries Ltd has completed the acquisition of 22,73,234 equity shares of M/s Carya Chemicals & Fertilizers Pvt Ltd (CARYA) from Mr. Suraj Prakash Gupta for a total consideration of Rs. 2,86,42,749 (~Rs. 2.86 crore) at Rs. 12.60 per share. Post-acquisition, Suraj Industries' shareholding in CARYA has risen to 89.20% of its paid-up equity share capital, effectively making it a subsidiary. This is the latest in a series of related intimations made on July 28, August 26, and September 16, 2025, indicating a phased build-up of stake. The acquisition was carried out under SEBI Listing Regulations, Regulation 30.
CARYA is now an 89.20% subsidiary of Suraj Industries, consolidating the group's presence in the chemicals and fertilizers segment. The deal size is modest (~Rs. 2.86 crore), so the immediate financial impact on the listed entity is limited, but it signals strategic expansion and tighter control over CARYA's operations and financials going forward.