Suraj Industries seeks reclassification of promoter group member

1 min read     Updated on 03 Jun 2026, 05:51 PM
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AI Summary

Suraj Industries applied to BSE on June 03, 2026, to reclassify Mr. Rajesh Gupta from the promoter group to the public category under Regulation 31A of the SEBI LODR Regulations, 2015.

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suraj industries submitted an application to BSE Limited on June 03, 2026, seeking approval to reclassify Mr. Rajesh Gupta from the promoter group to the public category. The request is made pursuant to Regulation 31A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. This reclassification alters the shareholding structure of the company by moving a person previously forming part of the promoter group into the public category.

The application was submitted to the exchange to comply with the provisions of Regulation 31A of the SEBI LODR Regulations. The company has requested BSE Limited to take the intimation on record. The specific individual affected by this reclassification is Mr. Rajesh Gupta, who is currently classified as a person forming part of the Promoter/Promoter Group.

Reclassification Details

The following table outlines the key details of the reclassification application submitted by the company:

Particulars Details
Name of the person Mr. Rajesh Gupta
Existing Category Promoter Group
Requested Category Public
Regulation Regulation 31A of SEBI LODR Regulations, 2015
Date of Application June 03, 2026
Exchange BSE Limited

The intimation was signed by Snehlata Sharma, the Company Secretary & Compliance Officer of Suraj Industries Ltd. The company’s registered office is located at F-32/3, Second Floor, Okhla Industrial Area, Phase-II, New Delhi-110020.

Historical Stock Returns for Suraj Industries

1 Day5 Days1 Month6 Months1 Year5 Years
-2.48%+1.01%+21.72%+44.25%+15.78%+4,238.24%

How will the reduction in promoter holding percentage impact the company's compliance with minimum public shareholding requirements?

What strategic reasons prompted Mr. Rajesh Gupta to exit the promoter group at this time?

Will this reclassification trigger any changes in the company's governance structure or board composition?

Suraj Industries reports FY26 net loss of ₹194.60 lakh

1 min read     Updated on 31 May 2026, 11:21 PM
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AI Summary

Suraj Industries reported a net loss of ₹194.60 lakh for FY26, compared to a loss of ₹72.94 lakh in FY25, with revenue falling to ₹2563.13 lakh. The company allotted shares via a swap arrangement and a rights issue during the year.

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Suraj Industries reported a net loss of ₹194.60 lakh for the financial year ended March 31, 2026, widening from a net loss of ₹72.94 lakh in the previous year. Revenue from operations for the year decreased to ₹2563.13 lakh from ₹3218.19 lakh in FY25. For the quarter ended March 31, 2026, the company posted a net profit of ₹23.32 lakh, while revenue stood at ₹586.66 lakh.

The Board of Directors approved the audited standalone and consolidated financial results at a meeting held on May 30, 2026. The Statutory Auditors conducted an audit of the standalone financial results for the quarter and year ended March 31, 2026, in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and expressed an unmodified audit opinion.

Financial Performance

The company's financial results for the quarter and year ended March 31, 2026, are detailed below:

Particulars Standalone Q4 FY26 (Audited) Standalone FY26 (Audited) Standalone FY25 (Audited)
Total income from operations (net) 586.66 2563.13 3218.19
Net Profit / (Loss) for the period 23.32 (194.60) (72.94)
Total Comprehensive income 26.22 (191.70) (72.11)
Paid up Equity Share Capital 3344.58 3344.58 1583.28
Earnings per share (Basic) 0.08 (0.89) (0.49)

Corporate Actions

During the year, the company allotted 26,92,409 equity shares of ₹10 each at a premium of ₹66 per share to the shareholders of Carya Chemicals & Fertilizers Private Limited. This allotment was made pursuant to a share swap arrangement for the acquisition of shares, with the swap price determined based on a registered valuer's report dated March 29, 2025.

Additionally, the company issued 2,99,25,394 partly paid-up equity shares of face value ₹10 each on a rights basis. As of March 31, 2026, first call money had been received for 2,97,56,765 shares, with first call money aggregating to ₹4,21,57,250 remaining outstanding. The balance 50% of the issue price has not yet been called up by the Board.

Segment Reporting

Suraj Industries operates through two business segments: liquor operations and trading operations. However, during the quarter and year ended March 31, 2026, there were no operations in the trading segment.

Historical Stock Returns for Suraj Industries

1 Day5 Days1 Month6 Months1 Year5 Years
-2.48%+1.01%+21.72%+44.25%+15.78%+4,238.24%

What strategic initiatives will management implement to reverse the annual revenue decline and return to full-year profitability?

How does the company plan to utilize the proceeds from the remaining 50% uncalled rights issue capital once collected?

Will the company re-evaluate or restart the trading segment operations to diversify revenue streams?

More News on Suraj Industries

1 Year Returns:+15.78%