Suraj Industries Ltd — Important, 16-03-2026: Company Update

Suraj Industries announced that from the 9.01 Cr first call money due on 90,16,739 partly paid shares, 8.84 Cr has been received for 88,48,110 shares. The Rights Issue Committee approved converting these shares from Rs. 2.5 paid-up to Rs. 5 paid-up, with listing formalities progressing. For the remaining 1,68,629 shares, where 0.17 Cr remains unpaid, a second final reminder for payment will be issued. The company also waived the 12% interest previously mentioned for non-payment of the first call money, offering relief to shareholders.