Suraj Industries Approves ₹100 Crore Annual Carya Related-Party Transaction Limits

Board approved proposed material related-party transactions, subject to shareholder approval: loans, guarantees and/or investments in Carya up to Rs 100 Cr each in FY27 and FY28; ENA and input transactions with Carya up to Rs 20 Cr each year. Carya may borrow up to Rs 15 Cr annually from VRV, while ENA and input transactions between them are capped at Rs 15 Cr in FY27 and Rs 30 Cr in FY28. The approvals support Carya’s distillery financing and the operating integration of Carya with VRV, extending the company’s recurring group-entity funding and transaction structure. All transactions require shareholder approval. Funding terms, guarantees, investment allocation, pricing and arm’s-length evidence were not disclosed, leaving capital-allocation and related-party oversight risks.