Suraj Limited has filed its mandatory compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026. The stainless steel pipes and tubes manufacturer submitted the certificate to both BSE and NSE on April 07, 2026, fulfilling its regulatory obligations for the Q4FY26 period.

Regulatory Compliance Details

The certificate was issued by MCS Share Transfer Agent Limited, which serves as the company's registrar and share transfer agent. The document confirms compliance with dematerialization requirements as specified under SEBI regulations for the quarter ended March 31, 2026.

Certificate Confirmation

MCS Share Transfer Agent Limited confirmed that securities received from depository participants for dematerialization during the quarter were properly processed and confirmed to the depositories. The registrar verified that:

• All securities received for dematerialization were confirmed (accepted/rejected) to depositories
• Securities comprised in certificates have been listed on stock exchanges where earlier issued securities are listed
• Security certificates received for dematerialization were mutilated and cancelled after due verification
• Depository names were substituted in the register of members as registered owners within the mandated 15-day period

Company Background

Suraj Limited operates as a manufacturer and exporter of stainless steel seamless pipes, tubes, U-tubes, flanges, fittings, and electro-polished finish products. The company maintains its registered office in Ahmedabad, Gujarat, with manufacturing facilities located at Thol, Kadi-Sanand Highway in Mehsana district.

Compliance Framework

The submission of this certificate represents part of Suraj Limited's ongoing compliance with SEBI regulations governing depositories and participants. Regulation 74(5) requires companies to ensure proper handling of dematerialization processes and maintain accurate shareholder records through their appointed registrars and transfer agents.

Suraj Limited , a leading manufacturer and exporter of stainless steel seamless pipes, tubes, and fittings, announced its unaudited financial results for the quarter and nine months ended December 31, 2025. The company's board meeting held on January 16, 2026, approved the financial results pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015 and declared an interim dividend for shareholders.

Q3FY26 Financial Performance

The company's standalone financial results for Q3FY26 showed challenging performance compared to the previous year. Revenue from operations declined to ₹6,188.42 lakhs in Q3FY26 from ₹6,361.14 lakhs in Q3FY25, representing a decrease of 2.71%. Net profit dropped significantly to ₹136.26 lakhs from ₹684.07 lakhs in the corresponding quarter of the previous year, marking an 80.08% decline.

Nine-Month Performance Analysis

For the nine months ended December 31, 2025, the company reported revenue from operations of ₹16,241.61 lakhs compared to ₹17,499.70 lakhs in the corresponding period of the previous year, marking a decline of 7.19%. Net profit for the nine-month period stood at ₹346.04 lakhs against ₹1,558.48 lakhs in the previous year, reflecting a substantial decrease of 77.80%.

Board Meeting Outcomes and Regulatory Compliance

The board meeting commenced at 10:30 a.m. and concluded at 1:00 p.m. on January 16, 2026. The directors considered and approved the standalone and consolidated unaudited financial results along with the Limited Review Report. The statutory auditors Rinkesh Shah & Co. conducted a limited review of the financial results in accordance with Standard on Review Engagement (SRE) 2410.

Interim Dividend Declaration

The board of directors declared an interim dividend of 15% (₹1.50 per equity share) for the financial year 2025-26. The dividend will be paid on equity shares having a face value of ₹10 each to shareholders whose names appear on the register of members and beneficial owners as per details from depositories.

Consolidated Results

The consolidated financial results, which include the associate entity Suraj Enterprise Private Limited, showed similar trends. Consolidated net profit for Q3FY26 was ₹137.67 lakhs compared to ₹705.62 lakhs in Q3FY25. For the nine-month period, consolidated net profit stood at ₹495.16 lakhs against ₹1,922.48 lakhs in the previous year. The consolidated results include the group's share of profit from associates of ₹1.41 lakhs for the quarter and ₹149.12 lakhs for the nine-month period.

Company Operations and Business Segment

Suraj Limited operates as a specialized manufacturer and exporter in the stainless steel industry, focusing on seamless pipes, tubes, U-tubes, flanges, fittings, and electro-polished finish products. As per Indian Accounting Standard 108, the company has only one reportable segment - manufacturing stainless steel, alloy steel, and carbon steel seamless pipes, tubes, flanges, and fittings business. The company maintains its registered office in Ahmedabad, Gujarat, with additional operations in Mumbai and manufacturing facilities in Thol, Kadi-Sanand Highway. The company reported no investor complaints received or pending as on December 31, 2025.