Suraj Ltd

Financial results approved

• Standalone Q1 ended 30 Jun 2026: revenue ₹3,902.77L; PAT ₹324.22L; Limited Review completed.
• Consolidated Q1 ended 30 Jun 2026: revenue ₹3,002.77L; PAT ₹358.96L; include associate ₹34.74L.
• Limited Review Reports issued for both standalone and consolidated results.

Reporting framework and segment

• Results prepared under Ind AS; single reportable segment: stainless steel and related products.

Auditor remarks

• Auditors reported no material misstatement in standalone and consolidated statements.

Board actions and timing

• Board meeting held 23 July 2026; results approved.

Meeting Details

• Board meeting scheduled for July 23, 2026; time and venue not disclosed.

Key Agenda Items

• To consider Standalone and Consolidated unaudited results for quarter ended June 30, 2026, with Limited Review.
• Any other item with the Chair's and majority Directors' permission.

Other Notes

• Trading window closed from July 1, 2026 to 48 hours after results declaration.

Dematerialisation processing status

• Dematerialisation requests were confirmed to depositories by the registrar and transfer agent.
• Securities dematerialised have been listed on the stock exchanges where earlier issues are listed.
• Physical certificates were mutilated and cancelled after verification.
• Depository name substituted as registered owner within 15 days.

AGM details

• 33rd AGM on 26 June 2026 at 10:30 a.m. IST.
• To be held through VC/OAVM only.
• Record date for voting: 19 June 2026.
• Remote e-voting: 23 June 2026 to 25 June 2026.

Ordinary business

• Adoption of standalone financial statements and reports.
• Adoption of consolidated financial statements and reports.
• Re-appointment of director retiring by rotation.
• Ratification of cost auditor remuneration for 2026-27.
• Approval of material related party transaction with TBS Metal Private Limited.
• Approval of material related party transaction with Suraj Enterprise Private Limited.

Voting and outcomes

• This chunk contains notice only; voting results are not disclosed.
• All proposed resolutions are ordinary resolutions.
• Related parties were instructed not to vote on their respective RPT resolutions.

Dividend

• Interim dividend of ₹1.50 per equity share was paid for FY26.
• No final dividend was recommended for FY26.

Director matters

• Mr. Kunal Tarachand Shah retires by rotation and seeks re-appointment.
• He serves as Managing Director and holds 10,30,488 shares.
• Executive directors received salaries; no change in designation disclosed.

Auditors

• M/s Rinkesh Shah & Co. are statutory auditors until the 34th AGM in 2027.
• M/s Kiran J. Mehta & Co. were appointed cost auditors for FY27.
• Cost auditor remuneration proposed: ₹1.45 lakh plus GST.
• M/s Hardik Jetani & Associates are secretarial auditors for five years from FY26.

Related party transactions

• TBS Metal Private Limited: purchases, sales and transfers up to ₹100 crore annually.
• Suraj Enterprise Private Limited: unsecured loans and interest up to ₹50 crore outstanding.
• TBS Metal transactions were 48.58% of consolidated turnover.
• Suraj Enterprise transactions were 24.29% of consolidated turnover.

Other material approvals

• No ESOP, merger, borrowings, or charter amendments were proposed in this notice.

Financial results

• Approved standalone audited results for quarter and year ended 31 March 2026.
• Approved consolidated audited results for quarter and year ended 31 March 2026.
• Standalone revenue from operations was Rs 20,585.08 lakh; PAT was Rs 725.97 lakh.
• Consolidated revenue from operations was Rs 20,585.08 lakh; PAT was Rs 747.01 lakh.
• Auditor issued unmodified opinions on both standalone and consolidated audited results.

Other statements

• Approved standalone and consolidated cash flow statements for year ended 31 March 2026.
• Approved standalone and consolidated balance sheets as at 31 March 2026.
• Approved the draft Director’s Report for financial year 2025-26.

Appointments

• Reappointed M/s Trivedi Parikh & Shah as internal auditor for FY 2026-27.
• Appointed M/s Kiran J. Mehta & Co. as cost auditor for FY 2026-27.
• Appointed M/s Hardik Jetani & Associates as scrutinizer for the AGM.

AGM

• Scheduled the 33rd Annual General Meeting for 26 June 2026.
• AGM will be held through video conferencing or other audio-visual means.
• Approved the draft AGM notice.

Audit and compliance

• Auditor noted quarter figures were balancing figures between audited annual and reviewed nine-month figures.
• Consolidated results included associate Suraj Enterprise Private Limited.
• Company reported no investor complaints pending as at 31 March 2026.

Internal Auditor Appointment ️

• M/s. Trivedi Parikh & Shah appointed as Internal Auditor effective 11 February 2026 for FY 2025-26.
• Appointment fills casual vacancy due to demise of previous Internal Auditor, Mr. Sandip S. Gandhi.
• Firm is Ahmedabad-based Chartered Accountants specializing in consultancy, advisory, auditing, and taxation.
• CA Dhruv Parikh, Partner since 2023, specializes in indirect taxation, foreign accounting, subsidy, statutory audits, and taxation.
• No relationships exist between the appointed auditor and the Company's directors.