Suraj Industries Completes Acquisition of VRV Foods Shares, Now Holds 20.01% Stake

Suraj Industries Ltd. has completed the acquisition of 22,50,000 equity shares of VRV Foods Limited from promoter group persons/entities at a price of Rs. 66 per equity share, amounting to Rs. 14,85,00,000. This acquisition was carried out on March 09, 2026, out of the total 56,25,400 equity shares approved for acquisition by the Audit Committee, Board of Directors and the Members of the Company. Consequently, Suraj Industries Ltd.'s shareholding in VRV Foods Limited stands at 20.01% of the paid-up equity share capital, classifying VRV Foods Limited as an Associate Company of Suraj Industries Ltd. in terms of Section 2(6) of the Companies Act, 2013 and the applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.