Suraj Estate Developers Limited disclosed that its promoters and promoter group hold 3,33,44,279 equity shares as of March 31, 2026, with no encumbrance reported during the financial year. The filing confirms that the promoters, along with persons acting in concert, did not pledge or create any charge on the shares directly or indirectly in FY26. This declaration ensures that the shareholding remains free from liabilities, which is a key indicator of financial stability for shareholders.

The disclosure was submitted by Rajan Meenathakonil Thomas, Promoter, Chairman and Managing Director, on behalf of the promoter group. The submission was made to the National Stock Exchange of India Limited and BSE Limited on April 06, 2026, in compliance with Regulation 31 of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 ("SAST Regulations").

Shareholding Details

The annual disclosure provides specific details regarding the promoter's holding status as of the end of the financial year.

Regulatory Compliance

The filing was addressed to the Audit Committee of Suraj Estate Developers Limited and the stock exchanges to fulfill regulatory obligations. Mukesh Kumar Gupta, Company Secretary & Compliance Officer, authenticated the document on behalf of the company. The information is also available on the company's official website.

Suraj Estate Developers Limited reported a 23% year-on-year increase in presales to INR615 crores for the financial year ended March 31, 2026, surpassing its guidance of INR600 crores. The company disclosed this performance in the transcript of its analyst and investor conference call held on June 01, 2026, submitted pursuant to Regulation 30(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Operational Performance

Sales area grew by 42% year-on-year to 1.31 lakh square feet, while collections increased by 9% to INR421 crores. The average realization for FY26 stood at INR45,775 per square foot. The total sold area reached 5.66 lakh square feet, with the company holding balanced receivables of INR2,105 crores from sold and unsold areas of ongoing projects.

Financial Highlights

For the full year, total income grew to INR561 crores from INR553 crores in the previous year. EBITDA increased to INR223 crores from INR207 crores, with margins improving to 39.7% from 37.4%. Profit after tax (PAT) for the year stood at INR90 crores. In Q4FY26, total income was INR101 crores, EBITDA surged 69% to INR52 crores, and PAT was INR11 crores.

Strategic Developments

The company signed an MOU to acquire development rights contiguous to its Suraj One Business Bay project at Mahim. This acquisition is expected to add 1.5 lakh square feet of saleable area and an incremental GDV potential of approximately INR800 crores, taking the combined GDV of the project to over INR2,000 crores. Additionally, the company completed the acquisition of 100% shareholding in Hally Pacific Private Limited for INR30.40 crores, adding a land parcel at Sayani Road, Prabhadevi, with an estimated GDV potential of INR200 crores.

Guidance and Outlook

Management stated that the upcoming project pipeline has a GDV potential of approximately INR7,500 crores. Net debt as of March 2026 stood at INR579.91 crores, driven by strategic acquisitions and business development activities. The company expects net debt levels to remain between INR600 crores and INR650 crores for the upcoming year.