Suraj Industries shares turn ex-rights today, Rs 119.70 crore issue to open from October 23

Suraj Industries Rights Issue: Shares of Suraj Industries Limited traded ex-rights today as the company moves ahead with its Rs 119.70 crore rights issue. The stock saw mild gains in the previous session, closing 1.16 per cent higher at Rs 88.72, up Rs 1.02 from the previous close.

During Friday’s trade, the stock opened at Rs 89, hit a day’s high of Rs 91, and a low of Rs 87.70. The company’s market capitalization now stands at Rs 164.36 crore. Its 52-week high is Rs 91, while the 52-week low stands at Rs 54.95.

Rights issue details

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The stock turned ex-rights today, meaning shareholders holding the stock as of October 13, 2025 (record date) will be eligible for the rights issue entitlement.

The issue will open on October 23, 2025, and close on November 7, 2025. Suraj Industries plans to issue up to 2.99 crore equity shares at an issue price of Rs 40 per share (Rs 10 face value + Rs 30 premium), aggregating to Rs 119.70 crore.

Eligible shareholders will receive 21 rights equity shares for every 13 fully paid-up equity shares held on the record date. Rs 10 per share will be payable on application (Rs 2.5 face value + Rs 7.5 premium), while the balance Rs 30 will be payable in one or more calls.

The Rights Entitlement (RE) trading window will remain open from October 23 to November 3, 2025, allowing eligible shareholders to either apply for additional shares or trade their REs on the market.

The company had previously conducted a rights issue in 2024 priced at Rs 65 per share with an entitlement ratio of 7:30.

Fund utilization

The company said the proceeds from the rights issue will be used for repayment of unsecured loans, providing financial support to its subsidiary, and general corporate purposes.

About Suraj Industries

Founded in 1992 and headquartered in New Delhi, Suraj Industries Limited is engaged in the brewery and distillery products business. The company’s shares are listed only on the BSE under the code 526211.