Submission of Annual Report of Suraj Products Limited for the Financial Year ended 31st March, 2025.
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Suraj Products Limited has submitted its Annual Report for the financial year ended March 31, 2025, along with the notice for its 34th Annual General Meeting scheduled for September 26, 2025. The company reported lower earnings with net sales at ₹32,637.27 lakh (down from ₹34,467.69 lakh), EBITDA of ₹3,771.57 lakh (down from ₹5,162.48 lakh), and profit after tax of ₹2,143.39 lakh versus ₹2,892.98 lakh previously, resulting in EPS of ₹18.80 (down from ₹25.38). The board has recommended a final dividend of ₹2.10 per share (21%). Key business items include a proposal to invest up to ₹200 crore in a newly formed wholly-owned subsidiary in Abu Dhabi (Suraj Iron & Steel Manufacturers-LLC-SPC) for setting up Ferro Alloys and Green Iron & Steel manufacturing facilities, with land allotted by KEZAD Group on a 50-year lease. The notice also seeks approval to appoint Mr. Nishaant Dalmia (son of MD Mr. Y.K. Dalmia) as MD of the UAE subsidiary at AED 30,000/month.
Shareholders will see a reduced dividend yield and lower earnings, but the proposed ₹200 crore investment in the UAE subsidiary signals a major international expansion into Ferro Alloys and Green Steel, which could reshape long-term growth prospects. The related-party appointment of the MD's son at the overseas subsidiary may raise governance concerns among some investors.