Suryo Foods & Industries Announces ₹594 Crore Rights Issue with February 11, 2026 Record Date

Suryo Foods & Industries Limited has finalized the terms of its rights issue following board approval on February 5, 2026. The company received in-principle approval from BSE Limited on January 30, 2026, paving the way for this equity fundraising initiative. Rights Issue Structure and Pricing The rights issue comprises 29.70 lakh fully paid-up equity shares with a face value of ₹10 each. The company has set the issue price at ₹20 per share, including a premium of ₹10 per share. Parameter: Details Total Shares: 29.70 lakh equity shares Face Value: ₹10 per share Issue Price: ₹20 per share Premium: ₹10 per share Total Issue Size: ₹594 lakhs Rights Ratio: 3:4 Eligibility and Rights Entitlement Shareholders holding equity shares as on the record date of February 11, 2026, will be eligible to participate in the rights issue. The rights entitlement ratio has been set at 3 rights equity shares for every 4 fully paid-up equity shares held by eligible shareholders. Rights Entitlements will be credited to shareholders' demat accounts under ISIN INE565E20016 prior to the issue opening date. The company has coordinated with NSDL and CDSL for the credit process. Issue Timeline and Trading Schedule The rights issue will commence on February 19, 2026, and conclude on March 6, 2026. Shareholders will have multiple options for renunciation during the issue period. Event: Date Record Date: February 11, 2026 Issue Opening: February 19, 2026 On Market Renunciation Closure: March 2, 2026 Off Market Renunciation Deadline: March 5, 2026 Issue Closing: March 6, 2026 Share Capital Impact The rights issue will significantly expand the company's equity base upon full subscription. The outstanding equity shares will increase from 39.60 lakh shares to 69.30 lakh shares, representing a substantial expansion in the company's share capital. Equity Shares: Count Pre-Rights Issue: 39.60 lakh shares Post-Rights Issue: 69.30 lakh shares Increase: 29.70 lakh shares Rights Entitlement holders must submit applications with full payment by the issue closing date to receive allotment. Unutilized rights entitlements will lapse without allotment. The board retains the right to extend the closing date, subject to a maximum issue period of 30 days from the opening date. Suryo Foods & Industries Limited announced its unaudited financial results for the third quarter ended 31st December, 2025, revealing a net loss of ₹5.87 lakh compared to a loss of ₹0.79 lakh in the corresponding quarter of the previous year. The Board of Directors approved these results during their meeting held on 19th January, 2026. Financial Performance Overview The company's quarterly performance showed mixed results with increased other income but higher overall losses. The following table summarizes the key financial metrics: Metric Q3FY26 Q3FY25 Change Total Income ₹13.61 lakh ₹8.64 lakh +57.52% Total Expenses ₹19.48 lakh ₹9.43 lakh +106.58% Net Loss ₹5.87 lakh ₹0.79 lakh +643.04% Basic EPS ₹(0.15) ₹(0.02) - Revenue and Income Analysis Suryo Foods & Industries recorded no revenue from operations during the quarter, similar to the previous year. However, other income increased substantially to ₹13.61 lakh in Q3FY26 from ₹8.64 lakh in Q3FY25, representing a growth of 57.52%. This other income constituted the company's entire revenue stream for the quarter. Expense Breakdown Total expenses surged to ₹19.48 lakh in Q3FY26 from ₹9.43 lakh in the corresponding quarter last year. The major expense components included: Expense Category Q3FY26 Q3FY25 Other Expenses ₹14.33 lakh ₹3.26 lakh Depreciation & Amortization ₹3.10 lakh ₹4.78 lakh Employee Benefits ₹2.05 lakh ₹1.39 lakh Other expenses showed the most significant increase, rising from ₹3.26 lakh to ₹14.33 lakh year-on-year. Nine-Month Performance For the nine-month period ended 31st December, 2025, the company demonstrated improved performance with a net profit of ₹1.10 lakh compared to a loss of ₹0.66 lakh in the same period of the previous year. Total income for the nine-month period reached ₹41.13 lakh against ₹29.95 lakh in the corresponding period last year. Board Meeting Outcomes The Board of Directors meeting held on 19th January, 2026, at the company's registered office in Bhubaneswar addressed several key matters: Approval of quarterly unaudited financial results for Q3FY26 Recording of quarterly compliance under SEBI Listing Obligations and Disclosure Requirements Regulation, 2015 Consideration of the Limited Review Report from auditors The meeting was chaired by Aditya Dash, CEO and Director, and commenced at 11:30 AM, concluding at 1:00 PM. The financial results were prepared in accordance with Indian Accounting Standards (Ind-AS) and reviewed by the audit committee before board approval. We’re building Scanx - to help you express your trading & investing idea, to help you analyse the markets better. Stock Markets are the true indicator of the growth of any country's economy. We are bullish on India, we are bullish on India's prospects to be one of largest economies of the world. 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