Description
Rights issue of 21 equity shares for every 13 shares held at Rs.40/- per share, with ex-rights date and record date set as October 13, 2025.
Summary
Suraj Industries Limited (Scrip Code: 526211) has announced a rights issue of equity shares with a record date of October 13, 2025. Existing shareholders will be entitled to subscribe to 21 new equity shares of Rs.10/- each at a premium of Rs.30/- (total issue price Rs.40/-) for every 13 equity shares held. The shares will trade on an ex-rights basis from October 13, 2025 (Settlement No. DR-734/2025-2026). The issue price is payable in installments: Rs.10/- on application and Rs.30/- on one or more subsequent calls.
Key Points
- Company: Suraj Industries Limited (Scrip Code: 526211)
- Rights entitlement ratio: 21 new equity shares for every 13 shares held
- Face value: Rs.10/- per share
- Premium: Rs.30/- per share
- Total issue price: Rs.40/- per share
- Payment structure: Rs.10/- on application, Rs.30/- on subsequent call(s)
- Record date: October 13, 2025
- Ex-rights date: October 13, 2025
- Settlement number: DR-734/2025-2026
- Segment: Dematerialized securities - Rolling settlement
Regulatory Changes
No regulatory changes introduced. This is a standard corporate action notification as per existing SEBI and BSE regulations governing rights issues.
Compliance Requirements
- Trading members must execute all transactions in Suraj Industries Limited shares on an ex-rights basis from October 13, 2025
- Trading members are required to take note of the record date and ex-rights date for proper settlement
- Shareholders holding shares on the record date will be eligible for the rights entitlement
Important Dates
- Circular Date: October 8, 2025
- Record Date: October 13, 2025
- Ex-Rights Date: October 13, 2025
- Settlement Number: DR-734/2025-2026
Impact Assessment
Shareholder Impact: Existing shareholders as of the record date will have the opportunity to subscribe to additional shares at Rs.40/- per share (below likely market price given the premium structure). The rights ratio of 21:13 represents approximately 61.5% dilution if fully subscribed.
Trading Impact: From October 13, 2025, the stock will trade ex-rights, meaning buyers after this date will not be entitled to participate in the rights issue. This typically results in share price adjustment on the ex-date.
Capital Raising: The company is raising capital through this rights issue, with the funds to be utilized as per the offer document. The installment payment structure (Rs.10/- upfront, Rs.30/- on call) reduces immediate capital requirement for subscribing shareholders.
Market Operations: Trading members must ensure proper handling of ex-rights transactions in their systems from the specified date to avoid settlement issues.
Impact Justification
Rights issue affects existing shareholders of Suraj Industries Limited with specific entitlement ratio and pricing structure requiring shareholder action.