Suraj Industries Ltd submitted its quarterly Monitoring Agency Report for its ₹119.70 Crore Rights Issue. Acuité Ratings confirmed no deviations in the utilization of proceeds.
Suraj Industries Limited received ₹0.31 Crore towards first call money for 30,657 rights equity shares. These shares will be converted to ₹5/- paid-up value. The Board approved the forfeiture of 1,37,972 shares where the ₹13.80 lakh call money remains unpaid following the final reminder period.
