Suraj Industries Ltd. Completes Share Acquisition in Shri Gang Industries
Suraj Industries Ltd. has finalized the acquisition of 25,000 equity shares of Shri Gang Industries and Allied Products Limited (Shri Gang) from Mr. Vikas Gupta, as reported in an update to a previous disclosure dated March 26, 2026.Shri Gang has also announced the allotment of 2,50,000 equity shares with a face value of ₹10 each. This allotment followed the conversion of 2,50,000 0.01% Compulsorily Convertible Preference Shares (CCPS) of ₹10 face value, converted at a price of ₹99 per equity share through a preferential allotment on a private placement basis to Promoter and Promoter Group entities.
The paid-up equity share capital of Shri Gang now stands at ₹19,98,00,000, comprising 1,99,80,000 equity shares of ₹10 face value each.
As a result of this acquisition and the capital change, Suraj Industries Ltd.’s shareholding in Shri Gang has been revised to 20.02% of the paid-up equity share capital.
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