Surana Solar has submitted the notice for its 20th Annual General Meeting (AGM) to stock exchanges. The meeting is scheduled for September 28, 2026, and will be conducted via video conference or other audio-visual means.

The company notified the National Stock Exchange of India Ltd and BSE Limited on September 4, 2026. This disclosure complies with Regulation 30 and 34(1) of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. It also adheres to the Companies Act, 2013, and various MCA circulars regarding remote e-voting.

AGM Schedule and Voting Logistics

The AGM will begin at 11:00 am on September 28, 2026. Shareholders can exercise their voting rights through remote e-voting or electronic voting during the meeting. The register of members and share transfer books will remain closed from September 22 to September 28, inclusive.

Shareholders holding shares in physical form must submit their details to the company or Registrar and Transfer Agent by September 21, 2026, to participate in remote e-voting.

Digital Access and Reporting

The annual report and agenda for FY26 are available electronically. Shareholders registered with email IDs will receive these documents via email. Physical copies can be requested by contacting the corporate secretary or investor services team at cs@surana.com or investorservices_sv@surana.com.

Documents are also accessible on the company website ( www.suranasolar.com ) and stock exchange websites ( www.bseindia.com , www.nseindia.com ). The RTA, Bigshare Services Limited, hosts the documents on www.kfintech.com .

Strategic Context

This AGM follows recent board approvals to alter the Memorandum of Association to enter the AI data centre business. The board also appointed Shri Buvankar Shekarnath as additional director cum whole-time director and considered the sale of land in Telangana. These matters require shareholder approval via special resolution.

Surana Solar reported a standalone net profit of ₹5.44 crore for the quarter ended June 30, 2026, marking a 1,841% year-on-year increase from ₹0.28 crore in Q1FY26. The Hyderabad-based solar equipment manufacturer saw revenue from operations surge to ₹17.15 crore, up from ₹2.09 crore in the corresponding period of the previous year. This substantial turnaround in profitability offers shareholders renewed confidence in the company’s operational resilience amidst a recovering solar sector. The Board also appointed Buvankar Shekarnath as Chief Financial Officer, effective July 25, 2026.

The Board of Directors approved the unaudited financial results at a meeting held on July 25, 2026, in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company’s statutory auditors, Luharuka & Associates, Chartered Accountants, conducted a limited review of the financial statements. During the same meeting, the Board approved an application under the Hyderabad Industrial Lands Transformation Policy (HILTP) for converting industrial land at IDA Cherlapally into multi-use development. The advertisements pertaining to these results were published in “Financial Express” (English) and “Telugu Prabha” (Telugu) on July 26, 2026, pursuant to Regulation 47 of the SEBI Listing Regulations.

Financial Performance Highlights

Revenue from operations stood at ₹1,715.06 lakh, compared to ₹1,361.35 lakh in the preceding quarter and ₹208.65 lakh in Q1FY26. Other income contributed significantly to the bottom line, rising to ₹635.54 lakh from ₹236.52 lakh in the same quarter last year. Total income for the quarter reached ₹2,350.60 lakh.

Total expenses for the quarter were ₹1,713.53 lakh, with cost of materials consumed accounting for ₹1,387.07 lakh. Finance costs decreased sharply to ₹0.50 lakh from ₹5.85 lakh in the previous quarter and ₹3.85 lakh in Q1FY26. Tax expenses for the period totaled ₹93.00 lakh.

Segment-wise Breakdown

The solar products segment remained the primary revenue driver, contributing ₹1,713.42 lakh to total sales, up from ₹1,350.99 lakh in Q4FY26 and ₹207.30 lakh in Q1FY26. This segment generated a segment result of ₹61.51 lakh, improving from ₹43.65 lakh in the prior quarter and a loss of ₹34.70 lakh in Q1FY26. The renewable energy segment contributed marginally, with revenue of ₹1.64 lakh and a segment result of ₹0.82 lakh.

What the Numbers Show

The surge in net profit was disproportionately driven by other income rather than operational margins alone. While revenue grew nearly eight-fold year-on-year, other income increased more than two-and-a-half times, contributing over 27% of total income. This suggests that while core operations are recovering strongly, non-operating gains played a material role in the quarter’s profitability profile. Additionally, the reduction in finance costs indicates improved debt management or lower interest-bearing liabilities during the period.

Leadership and Strategic Developments

Buvankar Shekarnath, who has been associated with the Surana Group for more than 30 years, brings vast experience in the ferrous, telecom, and Solar PV module industries. He holds a postgraduate degree in Commerce. Disclosures confirmed that he has no pecuniary relationship with the Company except for remuneration. His appointment coincides with the Board’s approval of an application under the Hyderabad Industrial Lands Transformation Policy (HILTP) for converting industrial land at IDA Cherlapally into multi-use development. The application pertains to land bearing Survey Nos. 212/2 to 212/4, admeasuring 14,671 square yards (12,267.99 square metres), situated at Phase-II, I.D.A. Cherlapally, Ghatkesar Mandal, Medchal–Malkajgiri District. The Board noted that 10% of the conversion fees has already been paid.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE272L01022/2964a19fe4604fad.pdf