Sueryaa Knitwear Limited concluded its 30th Annual General Meeting on August 8, 2026, with shareholders approving critical structural changes including the regularisation of two board members and a strategic relocation of its registered office from Punjab to Rajasthan. The meeting, presided over by Chairperson & Whole Time Director Aliva Dey, also saw the adoption of the standalone audited financial statements for the fiscal year ended March 31, 2026.

The proceedings commenced at 1:00 P.M. at the company’s registered office in Ludhiana, Punjab, with seven members present to establish the requisite quorum. Ms. Honey Agarwal, Chief Financial Officer & Company Secretary, introduced the dignitaries and briefed attendees on the company’s financial performance before the Chairperson opened the floor for resolutions. Voting was conducted through a hybrid model, allowing members to cast votes electronically via Remote E-Voting or physically via ballot during the meeting. M/s. Jain P & Associates, Practicing Company Secretaries, served as the independent scrutinizer for the voting process.

Board Regularisations

Shareholders approved the regularisation of two directors who had assumed their roles prior to the formal appointment process completion. Mr. Vishnu Agarwal was regularised as an Independent Director (Non-Executive) via a Special Resolution. His term is set for five consecutive years, effective from May 8, 2026, until May 7, 2031. Mr. Agarwal, a Fellow Chartered Accountant with over 12 years of experience in taxation, audit, and financial advisory, has no relationships with existing directors or Key Managerial Personnel (KMPs).

Additionally, Mr. Shailesh Miyanbazaz was regularised as a Non-Executive Director through an Ordinary Resolution. His appointment date is recorded as March 30, 2026. Mr. Miyanbazaz holds an MSc (Hons.) in International Business Management from Manchester Business School, United Kingdom, and brings 16 years of experience in finance, accounts, and apparel manufacturing. He also disclosed no conflicts of interest with current board members.

Registered Office Relocation

A significant operational shift was approved through Special Resolutions to move the company’s registered office from the State of Punjab to the State of Rajasthan. This decision requires a corresponding alteration to Clause II (Situation Clause) of the Memorandum of Association. The Board of Directors had previously approved this proposal during its meeting on July 13, 2026, with the outcome disclosed to stock exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Compliance and Governance

The meeting adhered strictly to SEBI Listing Regulations and Ministry of Corporate Affairs guidelines. All directors attended the session, including Additional Director (Independent) & Audit Committee Chairperson Vishnu Agarwal, Independent Director Sahil Mahawar, and Additional Director (Non-Executive) Shailesh Miyanbazaz. Statutory Auditor Chirayu Saraswat of Saraswat & Co., Chartered Accountants, was also present.

The Chairperson confirmed that no voting by show of hands would be conducted. Notices were dispatched to all members with registered email IDs as per the cut-off date. The consolidated scrutinizer report will be submitted within two working days, after which results will be displayed on the company website and intimated to BSE Limited. Both regularised directors are compliant with SEBI Circular No. SEBI/HO/CFD/CMD/2018/17159 dated June 14, 2018, and are not debarred from holding office.

Sueryaa Knitwear Limited reported a narrowed standalone net loss of ₹3.33 lakh for the quarter ended June 30, 2026, compared to a ₹3.88 lakh loss in the corresponding period of the previous fiscal year. The Ludhiana-based apparel manufacturer’s Board approved the unaudited financial results on August 5, 2026, and filed them with the BSE under Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company recorded ₹0.52 lakh in other income for Q1FY27, up from nil in the same quarter last year but down from ₹1.39 lakh in the preceding quarter. Total income from operations was not disclosed in the filing. The net loss before tax and exceptional items remained at ₹3.33 lakh, consistent with the post-tax figure as no tax impact was reported for the period.

Financial Performance

The equity share capital remained unchanged at ₹259.78 lakh. Reserves, excluding revaluation reserves, stood at negative ₹68.52 lakh as per the audited balance sheet of the previous year. Earnings per share for continuing operations were negative ₹0.13, improving slightly from negative ₹0.14 in Q1FY26.

What the Numbers Show

The narrowing of the net loss from ₹3.88 lakh to ₹3.33 lakh year-over-year suggests a marginal improvement in cost management or operational efficiency, despite the absence of disclosed revenue from operations. However, the reliance on other income, which contributed ₹0.52 lakh against zero in the prior year, highlights that core operational profitability remains unquantified in this filing. The total comprehensive income matched the net loss, indicating no other comprehensive income items impacted the bottom line.

The full format of the quarterly financial results is available on the BSE website and the company’s official site. The results were signed off by Aliva Dey, Whole Time Director, on August 5, 2026, in Jaipur.