Surana Telecom and Power Limited has informed the Exchange regarding Board meeting held on August 07, 2025.
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Surana Telecom's board met on August 7, 2025 and approved unaudited Q1 FY26 (quarter ended June 30, 2025) results along with several corporate actions. On a standalone basis, revenue from operations was nearly flat at ₹202.52 lakhs versus ₹200.98 lakhs a year ago, but profit for the period jumped about 72% to ₹271.84 lakhs from ₹157.53 lakhs, largely aided by other income of ₹327.50 lakhs (vs ₹268.97 lakhs). On a consolidated basis, revenue dipped to ₹414.36 lakhs (from ₹437.70 lakhs), while net profit rose roughly 35% to ₹244.87 lakhs from ₹181.90 lakhs. The board re-appointed Narender Surana as Managing Director for another 3 years up to May 22, 2028, subject to shareholder approval, and appointed Sanjana Jain as Independent Director on the board of material subsidiary Aryavaan Renewable Energy. The board also approved the divestment (sale/transfer) of the company's 7% equity stake in Aryavaan Renewable Energy, again subject to shareholder approval under Section 180(1)(a) of the Companies Act.
Profit growth in Q1 is driven mainly by non-operating other income rather than core revenue, so the underlying business remains sluggish. The MD re-appointment brings continuity but the 7% divestment in a material renewable energy subsidiary and a fresh director appointment there signal ongoing restructuring of the Aryavaan business, which shareholders will need to approve.