Announced Mon, 9 Mar · 17:58 IST

Pursuant to the finalization of the basis of allotment of Rights Issue, the paid up share Capital of the Company stands increased from Rs. 39600000 to Rs. 69300000.

Fund Raising View source PDF

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AI summary

Suryo Foods & Industries has completed its Rights Issue and allotted 29,70,000 fully paid-up equity shares at ₹20 per share (face value ₹10 + ₹10 premium) to eligible shareholders. The issue opened on February 19, 2026 and closed on March 6, 2026, with allotment approved by the Board on March 9, 2026. As a result, the company's paid-up share capital has increased from ₹3.96 crore (39,60,000 shares) to ₹6.93 crore (69,30,000 shares), a jump of about 75%. Cameo Corporate Services acted as registrar to the issue and BSE was the designated stock exchange.

Likely market impact

Existing shareholders have been diluted by about 43% as the share count nearly doubled, though shares were issued at a 100% premium to face value. Shareholders who didn't subscribe will see their effective stake reduce; those who subscribed will have more shares at a known cost basis of ₹20.