Suraj Industries to Acquire Carya Chemicals via Loan Conversion
Suraj Industries Ltd. announced its Board of Directors has approved the proposed acquisition of equity shares in Carya Chemicals & Fertilizers Private Limited. The acquisition will be executed by converting an outstanding unsecured loan of ₹25 crore granted by Suraj Industries to Carya. The transaction is subject to the valuation report from an IBBI Registered Valuer and the allotment of shares by Carya. Carya Chemicals, a material subsidiary, reported a turnover of ₹87.11 crore for the period ended March 31, 2026, and is involved in manufacturing Indian Made Foreign Liquor and Country Liquor, with a distillery under construction. This is considered a related party transaction, but will be conducted on an arm's length basis.
Key Highlights
- Suraj Industries to acquire Carya Chemicals via ₹25 Cr loan conversion.
- Acquisition subject to valuation report and share allotment.
- Carya Chemicals reported ₹87.11 Cr turnover for FY26.
- Transaction is a related party deal, to be done at arm's length.
Price Impact
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