Suratwwala Business Group Ltd

Suratwwala Business Group Limited – Trading Window Closed from Oct 1, 2026 for the 2nd Quarter and half Year ended Sep 30, 2026; to reopen 48 hours after results are declared and disseminated.

AGM details

• AGM held Sep 23, 2026 at 4:00 PM IST via VC/OAVM.
• Remote voting Sep 20–22, 2026; record date Sep 16, 2026.
• No physical attendance; proxies dispensed under VC/OAVM.

Key resolutions

• Ordinary: Adopt Audited standalone and consolidated financial statements for FY ended Mar 31, 2026.
• Ordinary: Re-appoint Manoj Dhansukhlal Suratwala (retire by rotation).
• Ordinary: Declare dividend on equity shares for FY ended Mar 31, 2026.
• Special: Approve material related party transactions with Suratwwala Properties LLP.
• Special: Approve material related party transactions with Suratwwala Natural Energy Resource Private Limited.

Voting results

• Adoption of financials passed; 99.9993% assent, 0.001% dissent.
• Re-appointment passed; 99.9929% assent, 0.0071% dissent.
• Dividend resolution passed; 99.9993% assent, 0.0007% dissent.
• RPT with Suratwwala Properties LLP passed; 99.9929% assent, 0.0071% dissent.
• RPT with Suratwwala Natural Energy Resource Private Limited passed; 99.9929% assent, 0.0071% dissent.

Dividend details

• Dividend on equity shares approved.

Directors changes

• Manoj Dhansukhlal Suratwala to be re-appointed as director.

Material related party transactions

• Material RPT with Suratwwala Properties LLP approved.
• Material RPT with Suratwwala Natural Energy Resource Private Limited approved.

AGM Details

• Date, time, mode: 23 Sept 2026, 4:05 PM–5:30 PM, via VC/OAVM.
• Quorum met; meeting conducted in compliance with MCA/SEBI guidelines.

Key Resolutions

• Adopt audited standalone and consolidated financial statements for FY2025-26.
• Re-appoint Director Manoj Suratwala, retiring by rotation.
• Declare dividend on equity shares for FY2025-26.
• Approve material related party transactions with Suratwwala Properties LLP; modification thereto.
• Approve material related party transactions with Suratwwala Natural Energy Resource Private Limited; modification thereto.

Dividend

• Dividend proposal; amount per share not disclosed.

Voting Update

• Voting results pending; Scrutinizer's report due within two working days.

Director Changes

• Reappointment of Manoj Suratwala by rotation.

Auditors

• Statutory auditors attended; no change announced.

Material Related Party Transactions

• RPTs with Suratwwala Properties LLP and Suratwwala Natural Energy Resource Private Limited; modifications thereto.

Order details

• EPC order awarded by M/s Shree Tatyasaheb Kore Warana SSK Ltd to Suratwwala Natural Energy Resource Private Limited.
• Scope: design, supply, construction, installation, testing, commissioning, and O&M of 20MW AC/28.1MW DC solar plant.
• Contract value Rs 69 crore excluding GST.
• Domestic entity awarding LOI.
• Completion within 4 months as per LOI.
• O&M cost Rs 50 lakh per year; minimum generation 42.0048 MUs per year.
• No promoter group interest; not a related party transaction.

Financial highlights

• Consolidated revenue ₹142.99 crore in FY26, up ~298% YoY.
• PBT ₹51.19 crore; PAT ₹38.0 crore, up 234% and 243%.
• EBITDA ₹53.56 crore, margin 37% in FY26.
• Net worth ₹110.41 crore; debt‑to‑equity ~0.79x; no defaults.
• Real estate revenue ₹89.29 crore; Solar revenue ₹54.49 crore (~38% of revenue).
• FY27 order pipeline ~₹93 crore; land bank ~180 acres.
• Final dividend ₹0.12 per share (12%) proposed; record date 11 Sep 2026.

Business mix and growth

• Real estate revenue ₹89 crore in FY26; margin ~46% PBT.
• Solar revenue ₹54.49 crore, ~38% of group revenue; 3 MW EPC/PPA assets.
• 180-acre land bank across Pune growth corridors.
• FY26 order pipeline ₹93 crore; supports monetisation in FY27.
• Two engines across one balance sheet: real estate and solar EPC.

Capital structure & governance

• Debt ~₹83 crore; net worth ₹110.41 crore; debt‑to‑equity below 0.8x.
• Audit: consolidated accounts carry unmodified opinion.
• CFO appointed April 2025; Independent Directors appointed Aug 2025.
• Six board meetings held in FY26; governance framework reinforced.

Dividend & capital allocation

• Final dividend ₹0.12 per share (12%) proposed for FY26.
• Dividend payable subject to AGM approval; record date 11 Sep 2026.
• Dividend policy available on SBGL website.

CSR & ESG

• FY26 CSR spend ₹53.29 lakh; focus healthcare, education, livelihood.
• CSR policy and initiatives disclosed on company website; CSR Committee governs.
• CSR activities include healthcare, women’s vocational training, and community programs.

Outlook & risks

• FY27 priorities: milestone‑based collections, monetisation of WIP, treasury optimisation.
• Real estate market in India remains positive; premiumisation and GCC expansion supportive.