Suraj Industries Ltd — Important, 11-05-2026: Company Update

Suraj Industries received its Monitoring Agency Report from Acuité Ratings & Research for the recent quarter, overseeing its Rights Issue proceeds. The report confirmed no deviation in how the utilized funds aligned with the issue's stated objects. However, due to partial subscription of the Rights Issue, a lower amount of 23.34 Cr was deployed towards investing in a subsidiary's distillery unit than originally proposed. Total utilized proceeds reached 59.66 Cr. Shareholders had previously approved revised costs for capital expenditure and added a new object for acquisitions and general corporate purposes.