Submission of News paper cutting under Regulation 47 & 30 of SEBI (LODR).
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Suraj Products Limited has submitted newspaper cuttings of its July 31, 2025 publications (Business Standard and Utkal Mail) covering the outcome of its July 30, 2025 board meeting. The board approved unaudited financial results for Q1 FY26 (quarter ended June 30, 2025), the Directors' Report and Corporate Governance Report for FY25, and the notice for the 34th AGM to be held on September 26, 2025. Key Q1 numbers: total income from operations of ₹8,079.22 lakhs (down from ₹9,269.47 lakhs in Q1 FY25), net profit after tax of ₹459.13 lakhs (down from ₹670.78 lakhs), and EPS of ₹4.03 (down from ₹5.88). Book closure is fixed for September 20–26, 2025 for the purpose of dividend and the AGM, suggesting a dividend may be declared. The company also subscribed to 100% share capital of its wholly owned foreign subsidiary, Suraj Iron & Steel Manufacturers L.L.C-S.P.C., by subscribing 1,500 equity shares at AED 100 each; the subsidiary has not yet commenced operations.
Shareholders should note a notable year-on-year decline in both revenue (~13%) and profit (~32%) for Q1 FY26, which is a negative signal on short-term performance. On the positive side, the book closure for dividend and AGM suggests a dividend is likely, and the foreign subsidiary investment points to future expansion plans, though it is not yet revenue-generating.