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
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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
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