Investment28 Sept 2026, 07:00 pm
Suraj Industries Invests ₹50 Lakh in Associate VRV Foods
AI Summary
Suraj Industries Ltd. announced today its board approved the subscription of 75,850 equity shares in its associate company, VRV Foods Limited, for ₹50,06,100 at ₹66 per share. This preferential allotment will increase Suraj Industries' shareholding in VRV Foods from 20.01% to 20.41%. The transaction is considered a related party transaction and was approved by the Audit Committee and the Board, deemed to be at arm's length based on a valuation report. VRV Foods is engaged in the manufacturing and bottling of country liquor in Himachal Pradesh, with a turnover of ₹128.69 Crore and PAT of ₹5.43 Crore for FY26.
Key Highlights
- Suraj Industries to acquire 75,850 shares in VRV Foods for ₹50.06 Lakh.
- Shareholding in associate VRV Foods to increase to 20.41%.
- Transaction approved by Audit Committee and Board.
- Acquisition is on an arm's length basis.
- VRV Foods reported FY26 turnover of ₹128.69 Cr and PAT of ₹5.43 Cr.
Price Impact
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