The promoter and promoter group of durlax top surface have declared that they did not create any encumbrance, directly or indirectly, on their shares during the financial year 2025-26. This disclosure was submitted to the National Stock Exchange of India Limited in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The declaration confirms that the promoters have maintained their holdings without any pledged or encumbered status throughout the specified period.

Declaration Details

The intimation was filed by Lalit L. Suthar on behalf of the promoter and promoter group. The document explicitly states that no encumbrance was made at any time during FY 2025-26. The filing serves as a formal confirmation to the exchange regarding the status of the promoters' shareholding.

Promoter and Promoter Group

The declaration covers the following individuals associated with Durlax Top Surface Limited:

The submission was addressed to the Manager - Listing Compliance at the National Stock Exchange of India Limited, referencing the company's scrip code DURLAX.

Durlax Top Surface Limited has reported its annual audited standalone financial results for the year ended March 31, 2026, recording a 68.5% rise in net profit. The company’s profit after tax for the year stood at ₹1,263.65 lakh, compared to ₹749.65 lakh in the corresponding period of the previous year. Revenue from operations increased to ₹18,455.35 lakh for FY26, up from ₹12,265.25 lakh in FY25, driven by higher operational activity.

Financial Performance

The total income for the year, comprising revenue from operations and other income, reached ₹18,687.53 lakh, a significant increase over the ₹12,482.01 lakh reported in the prior year. Total expenses for the period amounted to ₹16,906.76 lakh, compared to ₹11,485.30 lakh in FY25. The company’s earnings per share (EPS) for the year was reported at ₹7.22 on a basic and diluted basis, slightly lower than the ₹7.40 recorded in the previous year.

Rights Issue and Fund Utilization

During the year, the company completed a Rights Issue of 1,23,04,497 fully paid-up equity shares with a face value of ₹10 each at an issue price of ₹40 per share. The issue, which aggregated to ₹49.22 Crores, was listed on the National Stock Exchange of India Limited on March 10, 2026. The proceeds raised have been utilized for various corporate objectives including capital expenditure, working capital, and general corporate purposes.

Balance Sheet and Cash Flow

The company’s balance sheet size expanded significantly, with total assets reaching ₹17,536.06 lakh as of March 31, 2026, compared to ₹11,477.93 lakh in the previous year. Shareholders' equity increased to ₹11,652.29 lakh, bolstered by the infusion of funds from the Rights Issue. The cash flow statement reflected a net increase in cash and cash equivalents of ₹1,437.27 lakh during the year, primarily driven by financing activities which generated a net inflow of ₹3,964.64 lakh.

Audit and Compliance

The Statutory Auditors, M/s. N.K. Mittal & Associates, issued an audit report with an unmodified opinion on the audited annual financial statements for the year ended March 31, 2026. The company confirmed that there were no deviations or variations in the use of proceeds from the Rights Issue compared to the objects stated in the Letter of Offer. The financial results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on May 21, 2026.