Suraj Industries Ltd — Important, 16-02-2026: Company Update

Suraj Industries announced an update regarding its equity stake in Shri Gang Industries and Allied Products Limited. Shri Gang allotted 7 lakh new equity shares from the conversion of 7 lakh compulsorily convertible preference shares at ₹99 each to promoter entities. This increased Shri Gang's paid-up equity capital to ₹19.73 crore (comprising 1.973 crore shares). Consequently, Suraj Industries' shareholding in Shri Gang is now 19.31% of the increased paid-up equity share capital, reflecting a revised proportional ownership.