Proceedings of 34th Annual General Meeting of the Company held on 26th September, 2025.
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Suraj Products Ltd held its 34th AGM on 26th September 2025 at its registered office in Rajgangpur, Odisha, from 4:00 PM to 5:30 PM. Shareholders approved the audited financial statements for FY ending March 31, 2025, along with a final dividend of 21% on equity shares of Rs. 10 each. They also approved the re-appointment of Mrs. Sunita Dalmia as non-executive Director. Key resolutions include an investment in a 100% wholly owned subsidiary — Suraj Iron & Steel Manufacturers L.L.C - S.P.C. in Abu Dhabi, UAE — and the appointment of Mr. Nishaant Dalmia as Managing Director of that subsidiary effective October 1, 2025. Additionally, Shruti Agarwal was appointed as Secretarial Auditor for a 5-year term.
The 21% final dividend provides a direct cash return to shareholders. The investment in a UAE-based subsidiary signals international expansion in the iron and steel business, which could open new revenue streams but also carries execution and foreign exchange risk.