SURAJ INDUSTRIES LTD : ACQUIRES CARYA CHEMICALS EQUITY WORTH ₹25 CR VIA LOAN CONVERSION

• Board approved acquisition of equity shares of Carya Chemicals & Fertilizers Private Limited ("CARYA") by converting unsecured loan of ₹25,00,00,000/- • Acquisition is based on a valuation report and subject to allotment of equity shares by CARYA • CARYA's turnover for the period ended March 31, 2026 was ₹87.11 Cr • The transaction is a related party transaction as CARYA is a material subsidiary • Indicative timeline for completion is within two weeks from disclosure date • Aggregate consideration is ₹25.00 Cr

Suraj Industries Ltd

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