Suraj Industries Ltd has informed the stock exchanges that it has completed the acquisition of an additional 41,05,120 equity shares of Carya Chemicals & Fertilizers Private Limited (CARYA), according to a regulatory filing dated November 20, 2025.
The company purchased the shares from Sarth Agbev and Energy Private Limited for a total consideration of Rs 5,17,24,512, valuing the shares at Rs 12.60 per share. With this transaction, Suraj Industries has increased its stake in Carya Chemicals to 95.44% of the paid-up equity share capital.
This update follows Suraj Industries’ earlier disclosures made on July 28, August 26 and September 16, where the company had announced ongoing steps toward acquiring a controlling stake in the fertilisers and chemicals company.
In its filing to BSE, Suraj Industries stated that the transaction is in compliance with Regulation 30 of SEBI’s Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015. The company requested the exchange to take the update on record.
