Suraj Industries

Suraj Industries’ board approved proposed material related-party transactions with Carya Chemicals & Fertilizers, its unlisted material subsidiary, subject to shareholder approval at the annual general meeting. The proposals covered loans, guarantees and investments in Carya of up to ₹100 crore in each of FY2026-27 and FY2027-28, alongside ENA and other input transactions of up to ₹20 crore in each year. Separate arrangements between Carya and VRV Foods covered borrowings of up to ₹15 crore in each year and ENA and other goods transactions of up to ₹15 crore in FY2026-27 and ₹30 crore in FY2027-28. The board also scheduled Suraj’s 34th annual general meeting for September 30, 2026, by video conference, approved the FY2025-26 annual report and appointed a scrutinizer. Suraj reported consolidated revenue of ₹110.64 crore and a net loss of ₹0.67 crore for FY2025-26, while Carya’s 125 KLPD grain-based ENA distillery at Baran had completed construction in August.

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Suraj Industries' material subsidiary, Carya Chemicals & Fertilizers, received a Rajasthan excise licence on August 27 to operate a 125-KL-per-day grain-based distillery in Baran. The unit was for manufacturing extra neutral alcohol; construction had been completed, trial runs were due to start shortly and commercial operations were expected in September 2026. The project formed part of Carya's ₹215 crore distillery expansion, which had been guided for commissioning in the first half of FY27. Carya was 96.06%-owned by Suraj, whose FY26 consolidated revenue was ₹110.64 crore as its operating focus shifted toward liquor and alcohol-beverage manufacturing.

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Suraj Industries' material subsidiary, Carya Chemicals & Fertilizers, received the Consent to Operate from the Rajasthan State Pollution Control Board for its grain-based distillery unit at Baran, Rajasthan. The approval, granted on July 24, 2026, permits the unit to manufacture Extra Neutral Alcohol (ENA) with a capacity of 125 KL per day. Commissioning work is at an advanced stage, and trial runs are expected to begin within the next four to six weeks. The company received confirmation from Carya on July 25.

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July 16 (Reuters) - Suraj Industries Ltd SUJI.BO:

• SURAJ INDUSTRIES - EXECUTES FRANCHISE TIE-UP AGREEMENT WITH VINTAGE DISTILLERS ON JULY 16, 2026

• SURAJ INDUSTRIES - AGREEMENT COVERS BOTTLING AND PACKAGING OF LIQUOR AT AJMER, RAJASTHAN PLANT

Source text: ID:nBSE5F7n5q

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Suraj Industries' board on Thursday approved converting a ₹25 crore unsecured loan to its material subsidiary, Carya Chemicals & Fertilizers, into equity shares. The decision was taken at a board meeting that ended at 5:45 pm. Carya, which runs a bottling plant for Indian Made Foreign Liquor and Country Liquor, began commercial operations in April 2025 and reported a turnover of ₹87.11 crores for the year ended March 2026. The conversion will be based on a valuation report from an IBBI-registered valuer and is expected to be completed within two weeks, subject to allotment of shares by Carya. The transaction is classified as a related party transaction and has prior approvals from the audit committee, the board, and shareholders dating back to 2025.

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June 18 (Reuters) - Suraj Industries Ltd SUJI.BO:

• SURAJ INDUSTRIES - TO BUY CARYA EQUITY SHARES VIA 250 MILLION RUPEES LOAN CONVERSION

Source text: ID:nBSE1DNRSj

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Sept 16 (Reuters) - Suraj Industries Ltd SUJI.BO:

• SURAJ INDUSTRIES - APPROVED ACQUISITION OF SHARES OF CARYA CHEMICALS AND FERTILIZERS FOR OF 28.6 MILLION RUPEES

Source text: ID:nBSEbd8X5X

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Suraj Industries Ltd SUJI.BO:

• SURAJ INDUSTRIES - APPOINTMENT OF SOMIR BHADURI AS CHIEF FINANCIAL OFFICER

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Jan 12 (Reuters) - Suraj Industries Ltd SUJI.BO:

• ENTERED INTO LOAN GRANT AGREEMENT WITH CARYA CHEMICALS AND FERTILIZERS

• SIZE OF AGREEMENT 75 MILLION RUPEES

Source text for Eikon: ID:nBSE6Wnq5l

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Dec 18 (Reuters) - Suraj Industries Ltd SUJI.BO:

• APPROVED RIGHTS ISSUE OF SHARES AT 65 RUPEES PER SHARE

• RIGHTS ISSUE WORTH 194.8 MILLION RUPEES

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Oct 11 (Reuters) - Suraj Industries Ltd SUJI.BO:

• CO ENTERED INTO LOAN AGREEMENTS

• CO ENTERED INTO LOAN AGREEMENTS WITH CARYA CHEMICALS AND FERTILIZERS, OTHERS

Source text for Eikon: ID:nBSE6wDYH6

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