Suraj Industries Ltd Approves Acquisition of CARYA Chemicals via Loan Conversion
Suraj Industries Ltd has approved the proposed acquisition of equity shares in Carya Chemicals & Fertilizers Private Limited (CARYA). The transaction involves converting an outstanding unsecured loan granted by Suraj Industries to CARYA into equity shares.The decision was made during a Board meeting held on June 18, 2026. The company has agreed to acquire the equity of CARYA against the conversion of the ₹25,00,00,000/- unsecured loan that it provided to the target entity. This acquisition is designated as a Related Party Transaction and is planned to be completed based on a valuation report issued by an IBBI Registered Valuer appointed by CARYA.
The proposed acquisition is intended to strengthen Suraj Industries’ holding structure in its material subsidiary, CARYA, resulting in enhanced control for the company post completion.
Details of Target Entity and Acquisition Structure
CARYA Chemicals & Fertilizers Private Limited (CARYA), incorporated on May 22, 2013, is focused primarily on the Breweries & Distilleries industry. Its authorized share capital stands at ₹92 Crore, while its paid up capital is ₹65.80 Crore.CARYA has established a Bottling Plant for Indian Made Foreign Liquor and Country Liquor, which began commercial operations in April 2025. Furthermore, the company is currently constructing a Distillery intended for manufacturing Extra Neutral Alcohol. CARYA had a turnover of ₹87.11 Crore for the period ending March 31, 2026.
The consideration for the proposed acquisition is fixed at ₹25.00 Crore, which will be satisfied through the conversion of the outstanding unsecured loan into fully paid up equity shares of CARYA. No cash consideration is involved in this transaction. The company noted that the percentage of shareholding to be acquired and the number of shares will be determined upon the allotment of equity shares by CARYA against the loan conversion.
Financial Overview
The following details provide a look into the operational standing and financial performance of CARYA over recent years:| Financial Year | Turnover in Crores (₹) |
|---|---|
| 2025-26 | 87.11 |
| 2024-25 | Nil |
| 2023-24 | Nil |
The acquisition is expected to be completed within approximately two weeks from the date of disclosure, subject to CARYA completing the allotment of equity shares. Suraj Industries Ltd stated that once the share allotment process is complete by CARYA, it will provide further necessary details regarding the acquired stake.
Stock Price Movement
Suraj Industries Ltd settled at ₹58.40 at the close of trade today, having slipped 1.85%. The shares traded within an intraday range, ranging from a low of ₹58.25 to a high of ₹58.65.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.