Suraj Estate Developers board to consider equity fundraising

Suraj Estate Developers Limited announced a board of directors meeting scheduled for September 3, 2025. The primary agenda includes considering and approving an enabling resolution for raising funds through various means. This could involve the issuance of equity shares or other equity-linked or convertible securities, including warrants.

The potential fundraising methods encompass private placement, preferential issue, rights issue, and Qualified Institution Placement. These actions are subject to necessary regulatory and statutory approvals, and, if applicable, the approval of the company's shareholders. The board will also approve ancillary actions related to this initiative.

The company has informed both the National Stock Exchange (NSE Symbol: SURAJEST) and BSE Limited (BSE Scrip Code: 544054) of this upcoming meeting. This intimation is also available on Suraj Estate Developers' official website.