Suraj Industries Ltd. to Acquire Majority Stake in Carya Chemicals and Fertilizers for Rs. 8,03,67,261

Suraj Industries Ltd. announced the outcome of their Board Meeting held on September 16, 2025, which included the acquisition of 22,73,234 equity shares of Carya Chemicals and Fertilizers Private Limited from Mr. Suraj Prakash Gupta and 41,05,120 equity shares from M/s Sarth Agbev and Energy Private Limited. The acquisition price for each share is Rs. 12.60, as per the Valuation Report (Ref. No. CPV/RV/2024-25/036 dated March 29, 2025) issued by M/s Corporate Professionals Valuation Services Private Limited. This acquisition will increase Suraj Industries Ltd.'s shareholding in Carya to 95.44%. Carya Chemicals and Fertilizers Private Limited has set up a Bottling Plant for the manufacture of Indian Made Foreign Liquor and Country Liquor, and is in the process of setting up a Distillery for the manufacture of Extra Neutral Alcohol.