Suraj Industries Ltd Signs Franchise Agreement with Vintage Distillers Limited for Country Liquor Bottling
Suraj Industries Ltd has entered into a Franchise Tie-up Agreement with Vintage Distillers Limited for the manufacturing of Country Liquor and Rajasthan Made Liquor (RML) products. The agreement, executed on July 16, 2026, establishes a partnership for the bottling and packaging of RML products in aseptic packs.The operational scope of the agreement involves the Company undertaking the bottling and packaging of the Licensor's brands on a job work basis. These operations will be conducted at the Company’s manufacturing unit located at Rajasthan State Ganganagar Sugar Mills Limited, Taragarh Road, Ajmer, Rajasthan. The partnership is designated for domestic business operations within the State of Rajasthan, India.
The agreement includes specific financial and production commitments as detailed below:
| Feature | Details |
|---|---|
| Bottling Charges | ₹80 per case plus applicable GST |
| Security Deposit | ₹10,00,000 (Interest-free) |
| Minimum Production Commitment | 7,000 cases per month |
| Agreement Period | August 1, 2026, to March 31, 2027 |
Under the terms of the arrangement, all raw materials and packaging materials will be supplied by Vintage Distillers Limited. The security deposit provided by the Licensor is to be adjusted against the monthly bottling charges.
The company stated that this agreement is expected to enhance the capacity utilization of its manufacturing and bottling facilities while generating additional revenue streams. The agreement does not constitute a related party transaction, as neither the Promoters, Promoter Group, nor Group Companies of Suraj Industries Ltd hold any interest in Vintage Distillers Limited.
Stock Price Movement
Suraj Industries Ltd settled at ₹55.10 on Thursday, gaining 3.14%. Shares swung between a low of ₹50.75 and a high of ₹55.60 during the session.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.
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