Update on Acquisition of shares of M/s Shri Gang Industries and Allied Products Limited and resultant change in the Company''s Equity stake,
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Suraj Industries Ltd has completed the acquisition of 1,35,000 equity shares of Shri Gang Industries and Allied Products Limited from Mr. Ritesh Gupta. The total consideration paid was Rs. 93,32,550 at a price of Rs. 69.13 per share. Following this purchase, Suraj Industries' shareholding in Shri Gang has been revised to 20.02% of its paid-up equity share capital. This is a continuation of an earlier intimation dated December 17, 2025.
Suraj Industries has crossed the 20% mark in Shri Gang, signalling a significant strategic stake. Shareholders should watch whether this triggers any further regulatory disclosures or open offer obligations under SEBI takeover rules.