Suraj Industries to Acquire Major Stake in Carya Chemicals & Fertilizers for Rs. 8,03,67,261

Suraj Industries Ltd. has announced its decision to acquire a significant stake in Carya Chemicals & Fertilizers Private Limited from Mr. Suraj Prakash Gupta and M/s Sarth Agbev and Energy Private Limited. The acquisition will cost Rs. 8,03,67,261, with Rs. 2,86,42,749 being paid for 22,73,234 equity shares from Mr. Suraj Prakash Gupta and Rs. 5,17,24,512 for 41,05,120 equity shares from M/s Sarth Agbev and Energy Private Limited. This acquisition will increase Suraj Industries' shareholding in Carya to 95.44% from the current 85.75%. Carya Chemicals & Fertilizers, incorporated on May 22, 2013, has a paid-up capital of X 65.80 Crore and its main objects include the manufacture and sale of beer, wine, spirits, aerated waters, and liquor of every description. The company has set up a Bottling Plant for the manufacture of Indian Made Foreign Liquor and Country Liquor, which commenced commercial operations in April 2025. The acquisition is expected to be completed within six months from the execution of the Share Purchase Agreement dated September 16, 2025.