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Suraj Industries announced an update regarding its associate, Shri Gang Industries and Allied Products Limited. Shri Gang allotted 3.50 lakh new equity shares at Rs. 76 each, following the conversion of 3.50 lakh Compulsorily Convertible Preference Shares. This increased Shri Gang's paid-up equity capital from Rs. 17.93 Cr to Rs. 18.28 Cr. Consequently, Suraj Industries' ownership stake in Shri Gang has been revised to 20.10% of the increased equity capital. This update impacts Suraj Industries' overall holding in its associate company.