Suraj Industries Ltd — Updates, 11-07-2025: Company Update

Suraj Industries Ltd has announced a new unsecured inter-corporate loan agreement of Rs. 20 Crore with its material subsidiary, Carya Chemicals and Fertilizers Pvt Ltd, to support Carya’s distillery project. The loan carries an interest rate of 9.85% p.a. and a tenure of up to three years, extendable by mutual consent. The loan is convertible into equity of Carya during the tenure. Currently, Rs. 2.60 Crore remains outstanding from previous loans to Carya. This funding strengthens the subsidiary’s project execution without impacting Suraj Industries’ control, as Carya is 85.75% owned by the company.