Suraj Industries to Finalise Rights Issue Pricing on 22 September; Stock Gains 32% in Six Months

Mumbai, 18 September 2025: Suraj Industries Ltd (BSE: 526211) has announced that its Rights Issue Committee will convene on 22 September 2025 to determine the issue price, entitlement ratio, and other terms for its upcoming partly paid-up equity shares with a face value of ₹10 each. The move follows the board’s approval on 16 September 2025 to raise funds via a rights issue offered to eligible shareholders.

Founded in 1992 and headquartered in Himachal Pradesh with a corporate office in New Delhi, Suraj Industries Ltd operates in the manufacturing and trading sector. Listed on the Bombay Stock Exchange (BSE) under the scrip code 526211, the company has built a presence in niche industrial markets. Despite its modest market capitalisation, it continues to rely on corporate actions like rights issues to fuel its growth strategy.

Rights Issue Pricing Decision Set for 22 September After Board Approval

The company clarified that the Rights Issue Committee meeting will finalise critical modalities such as the issue price per share and entitlement ratio. This step comes after the board’s green light earlier this week, reflecting Suraj Industries’ strategy to strengthen its capital base through shareholder participation. The outcome of the meeting is expected to lay down the framework for its fundraising plan.

Stock Up 32.58% in Six Months as Rights Issue Nears

The share price of Suraj Industries has displayed notable resilience in recent months. The stock has gained 32.58% over the past six months and 10.49% in the last three months, signalling strong momentum ahead of the rights issue. Over the past one month, it rose 9.77%, and in the last one week, it jumped 8.37%, showing clear short-term traction. However, on a longer two-year and three-year horizon, the stock remains lower by 29.54% and 38.40% respectively, reflecting underlying volatility despite recent strength.

Market Snapshot: Suraj Industries Shares Trade at ₹78.00, Down 1.40%

On 18 September 2025 at 10:17 am IST, shares of Suraj Industries were trading at ₹78.00, down 1.40% from the previous close. During the session, the stock touched an intraday high of ₹79.65 and a low of ₹78.00, placing its market capitalisation at ₹144.50 crore. The company currently trades at a P/E ratio of 40.84, while its 52-week range stands between ₹54.95 and ₹90.65.

Rights Issue Decision Sparks Renewed Investor Focus

The upcoming Rights Issue Committee meeting has triggered heightened market attention as shareholders await clarity on pricing and allocation. The short-term rally of more than 32% in six months suggests that corporate actions like rights issues are influencing market behaviour, despite the company’s historically mixed long-term performance. This development underscores how capital-raising plans often create a fresh trading narrative in mid-cap counters.

Board Approval on 16 September Leads to Committee Meeting on 22 September

The company’s board approval on 16 September 2025 acted as the primary trigger for convening the Rights Issue Committee. By setting 22 September 2025 as the decision date, Suraj Industries has outlined a clear timeline for finalising its fundraising structure. This has provided the market with specific visibility, aligning short-term stock movements with corporate governance milestones.

Suraj Industries’ decision to hold a committee meeting on 22 September 2025 to finalise its rights issue terms marks a pivotal stage in its capital-raising plan. The development highlights the company’s reliance on shareholder-backed funding to strengthen its balance sheet, while the stock’s recent momentum shows that market participants are closely tracking corporate milestones.

REF: https://www.bseindia.com/xml-data/corpfiling/AttachLive/dfbb0d46-979d-401b-ba6f-2c9f8258e2b4.pdf

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