Description

BSE announces listing and trading of 2,99,25,394 partly paid-up equity shares of Suraj Industries Ltd issued on rights basis, effective November 13, 2025.

Summary

BSE has announced the listing and admission to trading of 2,99,25,394 partly paid-up equity shares of Suraj Industries Ltd issued through a rights issue. The securities will be listed in the ‘X’ Group and will commence trading effective from Thursday, November 13, 2025. The shares have a face value of Rs. 10/- with Rs. 2.50/- paid-up and were allotted on November 10, 2025. The temporary ISIN IN8170U01036 has been suspended following SEBI guidelines.

Key Points

  • 2,99,25,394 equity shares of Rs. 10/- face value, partly paid-up at Rs. 2.50/- to be listed
  • Shares issued on rights basis at an issue price of Rs. 40/-
  • Payment structure: Rs. 10/- paid on application, Rs. 30/- to be paid on subsequent calls as determined by the Board
  • Scrip Code: 890226, Scrip ID: SURAJINDPP
  • ISIN No.: IN9170U01027 (permanent), IN8170U01036 (temporary - suspended)
  • Market Lot: 1 share
  • Group: X
  • Distinctive numbers: 18649681 to 48575074
  • Dividend entitlement: Proportionate to the amount paid-up

Regulatory Changes

Temporary ISIN No. IN8170U01036 has been suspended in accordance with SEBI Circular No. CIR/MRD/DP/21/2012 dated August 02, 2012 and CIR/MRD/DP/24/2012 dated September 11, 2012 regarding activation of ISIN in case of additional issue of shares/securities.

Compliance Requirements

Trading members must:

  • Note the listing of new securities in ‘X’ Group effective November 13, 2025
  • Use the permanent ISIN IN9170U01027 for trading and settlement
  • Acknowledge that the temporary ISIN IN8170U01036 is suspended
  • Update their systems with the new scrip details including scrip code 890226 and abbreviated name SURAJINDPP

Important Dates

  • Date of Allotment: November 10, 2025
  • Listing and Trading Commencement: Thursday, November 13, 2025
  • Notice Date: November 11, 2025

Impact Assessment

This listing has limited market-wide impact as it pertains to a single company’s rights issue. The impact is primarily on:

  • Existing shareholders of Suraj Industries Ltd who participated in the rights issue
  • Trading members who need to update their systems with the new scrip details
  • Investors interested in trading these partly paid-up shares

The listing in ‘X’ Group indicates these are securities with specific characteristics requiring investor attention. The partly paid-up nature means shareholders have future payment obligations (Rs. 30/- remaining) at the Board’s discretion, which represents a contingent liability for holders.

Impact Justification

Routine listing of rights issue shares for a single company with limited market-wide impact, primarily affecting existing shareholders and interested investors.