Suraj Industries Ltd — Important, 17-09-2025: Company Update

Suraj Industries has announced a board meeting on September 16, approving a rights issue of partly paid-up equity shares to raise up to 120 Cr. The capital infusion will fund its subsidiary Carya Chemicals' distillery unit (47.32 Cr), establish a new manufacturing unit for corrugated boxes and PET bottles (14.99 Cr), repay 7.20 Cr in unsecured loans, and acquire additional Carya shares (8.04 Cr), with remaining funds for general corporate purposes. This strategic move aims to integrate operations and capitalize on liquor market demand. The financial results for the quarter ended June 30, 2025, showed a net loss of 1.27 Cr on a total income of 14.45 Cr.