Suraj Industries: No Deviation in Rights Issue Proceeds Utilization

Suraj Industries Ltd has submitted its Monitoring Agency Report for the quarter ended June 30, 2026. The report, issued by Acuite Ratings & Research Limited, confirms no deviation in the utilization of funds raised through the company's Rights Issue. The monitoring agency reviewed bank statements, invoices, annual reports, and auditor certificates. The company confirmed that all utilization is as per the offer document disclosures, and no material deviations or changes in the means of finance were observed. Statutory approvals were deemed not required for the stated objects of the issue.