Update on Acquisition.

SURAJ INDUSTRIES LTD Registered Office & Corporate Office: F-32/3, Second Floor, Okhla Industrial Area, Phase-II, New Delhi-110020 CIN: L26943DL1992PLC457936 Email id- secretarial@surajindustries.org; Website- www.surajindustries.org Telephone No: 011-42524455 June 22,2026 BSE Limited Department of Corporate services P.J. Towers, Dalal Street, Mumbai – 400023 Scrip Code: 526211 Subject : Update on Acquisition pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Dear Sir/Madam, Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), as amended from time to time, and in continuation of our earlier intimation dated June 18, 2026 regarding the proposed acquisition of equity shares of Carya Chemicals & Fertilizers Private Limited (“CARYA”) by way of conversion of an outstanding unsecured loan aggregating upto ₹25,00,00,000/- (Rupees Twenty-Five Crores only), we wish to inform you that the Company has received a communication from CARYA on June 22, 2026 confirming the allotment of 1,05,04,201 (One Crore Five Lakh Four Thousand Two Hundred One) fully paid-up equity shares of face value of Rs. 10/- each at an issue price of Rs. 23.80/- per equity share, aggregating to approximately Rs. 24,99,99,983.80 , pursuant to conversion of the aforesaid unsecured loan into equity shares of CARYA. The acquisition price per share has been determined on the basis of the valuation report issued by an IBBI Registered Valuer, namely Kzen Valtech Private Limited (RV Registration No. IBBI/RV-E/05/2022/164). Details required under Regulation 30 of the SEBI Listing Regulations, 2015 read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, pertaining to the agreed to aforesaid acquisition of Equity shares of CARYA are enclosed as Annexure A. You are requested to kindly take it on your records. For Suraj Industries Ltd. Snehlata Sharma Company Secretary & Compliance Officer Encl: As above SURAJ INDUSTRIES LTD Registered Office & Corporate Office: F-32/3, Second Floor, Okhla Industrial Area, Phase-II, New Delhi-110020 CIN: L26943DL1992PLC457936 Email id- secretarial@surajindustries.org; Website- www.surajindustries.org Telephone No: 011-42524455 Annexure – A Details pertaining to SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026 are under: Sr. No. Particulars Disclosures 1. Name of the target entity, details in CARYA Chemicals & Fertilizers Private Limited brief such as size, turnover etc. (“CARYA”) (CIN: U24297DL2013PTC252503) was incorporated on May 22, 2013 under the Companies Act, 2013. Its authorized share capital is ₹92 Crore and its paid- up capital is ₹ 65.80 Crore. Its registered office is situated at G.F., F-32/3, Okhla Industrial Area, Phase – II, New Delhi – 110020, India. The main objects of CARYA is to undertake by purchase or otherwise or to establish works for the business of brewers, distilleries and manufactures of and merchant and dealers in beer, wine, spirits, aerated waters, and liquor of every description such as Indian made foreign liquor, country liquor, potable liquors whether intoxicated or not. CARYA has set up a Bottling Plant for manufacture of Indian Made Foreign Liquor and Country Liquor, which commenced commercial operations in April 2025. In addition, the company is in the process of setting up a Distillery for the manufacture of Extra Neutral Alcohol, which is currently under construction. The turnover of CARYA for the period ended on March 31, 2026 is ₹ 87.11 Crore. 2. Whether the acquisition would fall Yes, CARYA is a material subsidiary of the Company and, within related party transaction(s) accordingly, the acquisition of equity shares of CARYA and whether the promoter/ pursuant to conversion of the outstanding unsecured loan promoter group/ group companies into equity shares constitutes a Related Party Transaction have any interest in the entity being under the applicable provisions of the Companies Act, acquired? If yes, nature of interest 2013 and SEBI (Listing Obligations and Disclosure and details thereof and whether the Requirements) Regulations, 2015. same is done at “arm’s length. Yes, the transaction is at arm’s length basis. The acquisition has been undertaken pursuant to conversion of an outstanding unsecured loan of ₹ Rs. 24,99,99,983.80 at an issue price of ₹23.80 per equity share, being the fair market value as per the valuation report issued by an IBBI Registered Valuer, Kzen Valtech Private Limited (Registration No. IBBI/RV- E/05/2022/164), resulting in allotment of 1,05,04,201 equity shares of CARYA. The transaction has been undertaken pursuant to approvals of the Audit Committee and Board of Directors dated March 29, 2025 and July 28, 2025, and shareholders’ SURAJ INDUSTRIES LTD Registered Office & Corporate Office: F-32/3, Second Floor, Okhla Industrial Area, Phase-II, New Delhi-110020 CIN: L26943DL1992PLC457936 Email id- secretarial@surajindustries.org; Website- www.surajindustries.org Telephone No: 011-42524455 approvals obtained at the Extraordinary General Meeting held on April 28, 2025 and the 33rd Annual General Meeting held on August 26, 2025 and Board meeting dated June 18,2026. 3. Industry to which the entity being Breweries & Distilleries acquired belongs 4. Objects and impact of acquisition Post this acquisition, the Company’s shareholding in (including but not limited of CARYA has increased to 96.06% from 95.44%. reasons for acquisition of target entity, if its business is outside the The acquisition will result in enhanced control over main line of business of the listed CARYA, being a material subsidiary, and strengthening entity): the Company’s holding structure. 5. Brief details of any governmental Apart from the approvals already obtained/required under or regulatory approvals required the provisions of the Companies Act, 2013 and the SEBI for the acquisition; (Listing Obligations and Disclosure Requirements) Regulations, 2015, no other governmental or regulatory approvals are required for the proposed acquisition. 6. Indicative time period for CARYA has already completed the allotment of equity completion of the acquisition shares. The Company is presently in the process of completing the Corporate Action for credit of the allotted shares into the Company’s Demat Account. 7. Consideration – whether cash The consideration for the acquisition amounting to Consideration or share swap or any ₹24,99,99,983.80/- is conversion of the outstanding other form and details of the same unsecured loan into fully paid-up equity shares of CARYA. Accordingly, no cash consideration is involved in the transaction. 8. Cost of acquisition and/or the price The aggregate consideration for the proposed acquisition at which the shares are acquired is of ₹24,99,99,983.80/-. 9. Percentage of shareholding / The Company has acquired 1,05,04,201 equity shares of control acquired and / or number of CARYA pursuant to conversion of the outstanding shares acquired unsecured loan into equity shares amounting to ₹24,99,99,983.80/-. Consequently, the Company’s shareholding in CARYA has increased from 95.44% to 96.06%. 10. Brief background about the entity Carya has set up a Bottling Plant for manufacture of Indian acquired in terms of products/line Made Foreign Liquor and Country Liquor, which of business acquired, date of commenced commercial operations in April 2025. In incorporation, history of last 3 addition, the company is in the process of setting up a years turnover, country in which Distillery for the manufacture of Extra Neutral Alcohol, the acquired entity has presence which is currently under construction. and any other significant information (in brief); Date of Incorporation: May 22, 2013 Last 3 Years Turnover (Standalone): Financial Turnover in Cr. Year 2025-26 87.11 2024-25 Nil SURAJ INDUSTRIES LTD Re [Showing first 8,000 characters — download PDF for full document]