Annual General Meeting of the Company to be held on Friday, the 26th day of September, 2025 at 4:00 PM.
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Suraj Products Limited has called its 34th AGM on Friday, 26th September 2025 at 4:00 PM at its registered office in Rajgangpur, Odisha. Shareholders will consider a final dividend of Rs. 2.10 per equity share (21% on Rs. 10 face value) for FY 2024-25, with 19th September 2025 as the cut-off date and book closure from 20th to 26th September 2025. A key special resolution seeks approval to invest up to Rs. 200 crore in its 100% wholly-owned subsidiary Suraj Iron & Steel Manufacturers L.L.C.-S.P.C. in Abu Dhabi, UAE. The meeting will also appoint Mr. Nishaant Dalmia (son of MD Mr. Yogesh Kumar Dalmia) as Managing Director of the Abu Dhabi subsidiary at AED 30,000/month, re-appoint Mrs. Sunita Dalmia (promoter, retiring by rotation), and appoint Shruti Agarwal as Secretarial Auditor for five years (FY2025-26 to FY2029-30). Remote e-voting via NSDL runs from 23rd September (9:00 AM) to 25th September (5:00 PM).
The Rs. 200 crore overseas investment signals a major international expansion push, while the 21% dividend offers decent income for shareholders. The appointment of the promoter's son to lead the UAE subsidiary is a related-party move that minority shareholders should weigh carefully.