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Suraj Industries executes new Loan Agreement with CARYA

12 Jul 2025 Evaluate

Suraj Industries has executed a new Loan Agreement with M/s Carya Chemicals & Fertilizers (CARYA), a material subsidiary of the company on July 11, 2025. Purpose of agreement is to provide Inter Corporate Loan to subsidiary company for utilisation in the Distillery Project being set up by CARYA. Size of agreement is Rs 20 crore. 

The company holds 85.75% stake in CARYA, by virtue of this CARYA is the Material Subsidiary Company of the Company. The loan is to be given for a maximum period of 3 years from the date of disbursement but may be extended by mutual discussion. 

Suraj Industries is an edible oil manufacturing company. It also provides liquor products under the brand name Old Monk Rum.


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