Suraj Limited is launching a new business in the field of Copper/Aluminium Recycling. The company informed the stock exchanges about this strategic expansion on May 29, 2026. This move marks a diversification for the manufacturer, which currently produces stainless steel seamless pipes, tubes, and fittings.

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Rashmi Lakhani, Company Secretary and Compliance Officer, signed the intimation on behalf of Suraj Limited. The filing confirmed the commencement of operations in the new recycling sector.

Suraj Limited's registered office is located in Ahmedabad, Gujarat. The company operates manufacturing works at Thol, on the Kadi-Sanand Highway in the Mehsana district. Its shares are listed on both BSE Limited and the National Stock Exchange of India Limited.

The Board of Directors of Suraj Limited , a manufacturer and exporter of stainless steel seamless pipes, tubes, flanges, and fittings, convened on May 07, 2026, and approved the standalone and consolidated audited financial results for the quarter and year ended March 31, 2026. The board meeting commenced at 10.30 a.m. and concluded at 01.00 p.m. The audited results were reviewed by the Audit Committee and carry an unmodified opinion from the statutory auditors, Rinkesh Shah & Co., Chartered Accountants (FRN: 129690W), Ahmedabad.

Standalone Financial Performance

On a standalone basis, Suraj Limited reported a decline in revenue from operations for the full year ended March 31, 2026, compared to the previous year. The company's total income for the year stood at Rs. 21,192.26 lakhs, down from Rs. 23,796.85 lakhs in the year ended March 31, 2025. Net profit after tax (PAT) for the full year was Rs. 725.97 lakhs, compared to Rs. 1,170.67 lakhs in the prior year. For the quarter ended March 31, 2026, the company reported a PAT of Rs. 379.93 lakhs, a turnaround from a net loss of Rs. (387.78) lakhs in the corresponding quarter of the previous year.

The following table summarises the key standalone financial results:

Standalone Balance Sheet Highlights

As at March 31, 2026, standalone total assets stood at Rs. 22,334.44 lakhs, compared to Rs. 22,001.11 lakhs as at March 31, 2025. Total equity increased to Rs. 13,508.60 lakhs from Rs. 13,056.06 lakhs in the prior year, supported by equity share capital of Rs. 1,836.41 lakhs and other equity of Rs. 11,672.19 lakhs. Current borrowings declined to Rs. 6,030.21 lakhs from Rs. 6,408.03 lakhs, while inventories rose to Rs. 6,293.46 lakhs from Rs. 5,232.88 lakhs.

Consolidated Financial Performance

The consolidated financial results include the financial results of Suraj Enterprise Private Limited, an associate company. On a consolidated basis, total income for the year ended March 31, 2026 was Rs. 21,192.26 lakhs, against Rs. 23,796.85 lakhs in the prior year. Consolidated PAT for the full year stood at Rs. 747.01 lakhs, compared to Rs. 1,330.47 lakhs in FY25. The company's share of profit from its associate for the year ended March 31, 2026 was Rs. 21.04 lakhs, while the associate recorded a net loss of Rs. 128.08 lakhs for the quarter ended March 31, 2026.

Consolidated total assets as at March 31, 2026 stood at Rs. 22,601.50 lakhs, compared to Rs. 22,247.13 lakhs as at March 31, 2025. Total consolidated equity was Rs. 13,775.66 lakhs, up from Rs. 13,302.08 lakhs in the prior year.

Key Board Decisions and Governance Matters

In addition to approving the financial results, the Board of Directors resolved several governance and compliance matters at the May 07, 2026 meeting:

• Statutory Auditor's Report: Approved the auditor's report on quarterly and year-to-date financial results for the year ended March 31, 2026, with an unmodified opinion on both standalone and consolidated results.
• Director's Report: Approved the draft Director's Report for Financial Year 2025-26.
• Internal Auditor Appointment: Re-appointed M/s. Trivedi Parikh & Shah, Chartered Accountants (Firm Registration No. 131671W), as Internal Auditor for Financial Year 2026-27, effective May 07, 2026.
• Cost Auditor Appointment: Re-appointed M/s. Kiran J. Mehta & Co., Cost Accountants, as Cost Auditor for Financial Year 2026-27, effective May 07, 2026.
• Scrutinizer Appointment: Appointed M/s. Hardik Jetani & Associates, Practicing Company Secretary, as Scrutinizer for the Annual General Meeting.
• 33rd Annual General Meeting (AGM): The 33rd AGM of the company is scheduled for Friday, June 26, 2026, to be held through video conferencing (VC) or other audio-visual means (OAVM). The draft notice for the AGM was also approved.

Operational and Segment Information

The company operates in a single business segment, namely the manufacturing of stainless steel seamless pipes, tubes, flanges, and fittings. The standalone financial results were prepared in accordance with Indian Accounting Standards (Ind AS) as prescribed under Section 133 of the Companies Act, 2013. There were no investor complaints received or pending as on March 31, 2026. The figures for the quarter ended March 31, 2026 represent balancing figures between the audited full-year figures and the published unaudited year-to-date figures up to the third quarter of the financial year.