BSECompany Update13 Aug 2026 · 13 Aug 2026, 01:42 pm

Pursuant to Regulation 32(6) of SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015 read with Regulation 82(4) of SEBI(Issue of Capital and Disclosure Requirements) Regulation, ....

Suryo Foods & Industries Ltd · 519604

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Suryo Foods & Industries Ltd has submitted a Monitoring Agency Report for the quarter ended June 30, 2026, stating that the proceeds from the Rights Issue have been utilized appropriately for the objects mentioned in the Letter of Offer dated February 5, 2026.

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Suryo Foods & Industries Ltd - 519604 - Announcement under Regulation 30 (LODR)-Monitoring Agency Report

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SURYO FOODS & INDUSTRIES LIMITED DINALIPI BHAWAN, A-54/1 & A-55/1, Nayapalli, Baramunda, Bhubaneswar - 751 003, Odisha (India) Tel: 91-674-2563832/2564773, Fax: 91-674-2562083 E-mail: suryofoods.industries@gmail.com Web. : www.suryofoods.com.CIN : L050040R1989PLC002264 Date: 13th August 2026 The Manager The Department of Corporate Services BSE Limited Phiroze J eejeebhoy Towers Dalal Street Mumbai - 400 001 Scrip Code - 519604 Subject: Submission of Monitoring Agency Report for the quarter ended June 30. 2026 Dear Sir / Madam, Pursuant to Regulation 32(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Regulation 82(4) of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, please find enclosed the Monitoring Agency Report for the quarter ended June 30, 2026 issued by India Ratings and Research Private Limited in respect of utilization of funds raised through Rights Issue of Equity Shares made by the Company vide its Letter of Offer dated February 5, 2026. The proceeds from Rights issue have been utilized appropriately for the objects mentioned in the Letter of Offer dated February 5, 2026. This intimation along with the Monitoring Agency Report is also being uploaded on the Company's website: httllS: I Isur.yofoods.com I We request you to take this on record. Thanking You, Yours faithfully, For Suryo Foods & Industries Limited (/. ('~/ j"'-'\S'.f '. \ . . ,:<>/ _)."_' . .., :! -::)f I'Q '. ' .,\ c' . ,1 \'~-~ ".\.,~flI .l\n "; , : ; .- '" .; ) ,. '•• o <,\ 4 f. .' "I C .o'~ili /" /, ' Manisha Satapathy . Company Secretary and Comphance:g~~..:,:~ Date: 06th July 2026 Suryo Foods & Industries Limited A/54/1 & A-55/1, Nayapalli Baramunda, Bhubaneshwar, Orissa – 751003. Subject: Monitoring Agency Report for the quarter ended 30th June 2026 in relation to Rights Issue. Dear Sir, Pursuant to Regulation 82 (2) of SEBI (lssue of Capital and Disclosure Requirements) Regulations, 2018 (“SEBI ICDR Regulations”) and Monitoring Agency Agreement dated 11th December 2025, please find enclosed herewith the Monitoring Agency Report, as per Schedule XI of the SEBI ICDR Regulations towards utilization of proceeds of Rights Issue, for the quarter ended June 30, 2026. Request you to kindly take the same on records. Thanking You, For and on behalf of India Ratings & Research Private Limited Name: Shrikant Dev Designation: Company Secretary India Ratings & Research Private Limited A Fitch Group Company Wockhardt Towers, Level 4, West Wing, Bandra Kurla Complex, Bandra (East), Mumbai 400 051 Tel: +91 22 4000 1700 Fax: +91 22 4000 1701 CIN/LLPIN: U67100MH1995FTC140049 www.indiaratings.co.in Report of the Monitoring Agency (MA) Name of the issuer: Suryo Foods & Industries Limited For quarter ended: 30th June 2026 Name of the Monitoring Agency: India Ratings & Research Private Limited (a) Deviation from the objects: No Deviation from the objects. Based on the Management undertaking and as per Statutory Auditor certificate* dated 24th June 2026 issued by Sanjit Mohanty & Co, Chartered Accountants (FRN – 328858E) having UDIN 26069927TNEUOG3392* and other documents provided to us, no deviation from the objects has been observed. *The reference to the Statutory Auditor certificate anywhere in the MA report refers to the said certificate. (b) Range of Deviation: Not Applicable Declaration: e declare that this report provides an objective view of the utilization of the issue proceeds in relation to the objects of the issue based on the information provided by the Issuer and information obtained from sources believed by it to be accurate and reliable. The MA does not perform an audit and undertakes no independent verification of any information/ certifications/ statements it receives. This Report is not intended to create any legally binding obligations on the MA which accepts no responsibility, whatsoever, for loss or damage from the use of the said information. The views and opinions expressed herein do not constitute the opinion of MA to deal in any security of the Issuer in any manner whatsoever. Nothing mentioned in this report is intended to or should be construed as creating a fiduciary relationship between the MA and any issuer or between the agency and any user of this report. The MA and its affiliates also do not act as an expert as defined under Section 2(38) of the Companies Act, 2013. The MA or its affiliates may have credit rating or other commercial transactions with the entity to which the report pertains and may receive separate compensation for its ratings and certain credit-related analyses. We confirm that there is no conflict of interest in such relationship/interest while monitoring and reporting the utilization of the issue proceeds by the issuer, or while undertaking credit rating or other commercial transactions with the entity. We have submitted the report herewith in line with the format prescribed by SEBI, capturing our comments, where applicable. There are certain sections of the report under the title “Comments of the Board of Directors”, that shall be captured by the Issuer’s Management / Audit Committee of the Board of Directors subsequent to the MA submitting their report to the issuer and before dissemination of the report through stock exchanges. These sections have not been reviewed by the MA, and the MA takes no responsibility for such comments of the issuer’s Management/Board. Signature: Name and designation of the Authorized Signatory: Shrikant Dev (Company Secretary) Date: 06th July 2026 Page 1 of 8 1) Issuer Details: Name of the issuer: Suryo Foods & Industries Limited (“the Company”) Names of the promoter/Promoter • Amarendra Dash • H S Sandhu Group: • Suryo Udyog Limited • Ram’s Assorted Cold Storage Limited Industry/sector to which it belongs: Aquaculture sector 2) Issue Details: Issue Period: 19th February 2026 to 06th March 2026 Type of issue (public/rights): Rights Issue Type of specified securities: 29,70,000 rights equity shares of FV ₹ 10 each @ INR 20/Rights equity share IPO Grading, if any: Not Applicable Issue size: INR 594.00 Lakhs* *it is the total issue size. However, out of which INR 63.59 Lakhs has been received in rights issue account and balance INR 530.41 Lakhs is adjusted against dues payable to promoter and promoter group liabilities as stated in letter of offer, through consideration other than cash. 3) Details of the arrangement made to ensure the monitoring of issue proceeds: Source of information / certifications considered Comments of Comments of the Particulars Reply by Monitoring Agency the Board of Monitoring Agency for preparation of Directors report Management Whether all utilization is as per undertaking, Statutory the disclosures in the Offer Yes Auditors Certificate, No Comments Comments Document? letter of offer, Relevant Bank Statement. Whether shareholder approval has been obtained in case of Management material deviations from NA undertaking, Statutory No Comments Comments expenditures disclosed in the Auditors Certificate Offer Document? Whether the means of finance for Management the disclosed objects of the issue No undertaking, Statutory No Comments Comments has changed? Auditors Certificate Page 2 of 8 Source of information / certifications considered Comments of Comments of the Particulars Reply by Monitoring Agency the Board of Monitoring Agency for preparation of Directors report Is there any major deviation observed over the earlier No NA NA Comments monitoring agency reports? Whether all Management Government/statutory approvals No NA undertaking, Statutory No Comments related to the object(s) have been Comments Auditors Certificate obtained? Whether all arrangements Management pertaining to technical No NA undertaking, Statutory No Comments assistance/collaboration are in Comments Auditors Certificate operation? Are there any favorable events Management No improving the viability of these No No Comments undertaking. Comments obj [Showing first 8,000 characters — download PDF for full document]