Suraj Industries Ltd has submitted a disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure concerns a change in the company's shareholding in Shri Gang Industries and Allied Products Limited (Shri Gang).
Shri Gang informed Suraj Industries on June 06, 2026, about the allotment of equity shares through conversion of securities issued on a preferential basis. The specific allotments are:
- Allotment of 1,34,680 Equity Shares of face value ₹10 each through conversion of 1,34,680 Fully Convertible Warrants at an issue price of ₹99 per warrant. The total consideration amounts to ₹1,33,33,320. The allottee belongs to the Promoter & Promoter Group category.
- Allotment of 11,24,375 Equity Shares of face value ₹10 each through conversion of 11,24,375 Compulsorily Convertible Preference Shares (CCPS) of face value ₹10 each. The conversion price was ₹76 per share. This preferential allotment was made on a private placement basis to allottees belonging to the Public category.
Consequently, the paid-up equity share capital of Shri Gang has increased to ₹21,23,90,550 (Rupees Twenty-One Crore Twenty-Three Lakh Ninety Thousand Five Hundred Fifty Only). This capital is divided into 2,12,39,055 (Two Crore Twelve Lakh Thirty-Nine Thousand Fifty-Five) Equity Shares of ₹10 face value each.
As a result of this increase in Shri Gang's total equity capital, the shareholding of Suraj Industries Limited in Shri Gang has been revised downward to 18.83% of the increased paid-up equity share capital.