Surana Telecom & Power approved a 50% increase in the annual remuneration of Managing Director Mangilal Narendra Surana, raising it from ₹2 crore to ₹3 crore. The change takes effect on October 1, 2026, pending shareholder approval at the upcoming Annual General Meeting.

The board also finalised the schedule for its 37th AGM, set for September 29, 2026. The meeting will be conducted via video conferencing or other audio-visual means in compliance with Ministry of Corporate Affairs and SEBI circulars.

Key Managerial Personnel Changes

The board accepted the resignation of Ms. Arcot Ganeshan Monisha as Company Secretary, Compliance Officer, and Nodal Officer. She steps down effective September 5, 2026, citing personal reasons and professional commitments.

Mr. Ankit Pansari has been appointed as the new Company Secretary and Compliance Officer, designated as Key Managerial Personnel. His appointment begins on September 6, 2026. He will also serve as the Nodal Officer for coordination with the Investor Education and Protection Fund Authority.

AGM Logistics

Shareholders must hold shares as of September 22, 2026, to be eligible for e-voting. The register of members and share transfer books will remain closed from September 23, 2026, to September 29, 2026.

Mrs. Rakhi Agarwal, a Practising Company Secretary, was appointed as the scrutinizer for the remote e-voting process and voting at the AGM.

Surana Telecom and Power reported a standalone net profit of ₹832.23 lakh for the quarter ended June 30, 2026 (Q1FY27), marking a 206% year-on-year increase from ₹271.84 lakh in Q1FY26. The sharp rise in profitability was largely attributed to non-operational gains, specifically a profit on the sale of assets amounting to ₹874.18 lakh included in other income. This significant one-time gain underscores that the quarter’s bottom-line improvement was driven by asset monetization rather than core operational expansion, as revenue from operations contracted.

The Board of Directors approved the unaudited standalone and consolidated financial results at a meeting held on August 07, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were reviewed by the Audit Committee and subjected to a limited review by the statutory auditors, Luharuka & Associates, in accordance with Standard on Review Engagement (SRE) 2410. The financial statements were prepared under Indian Accounting Standards (IND AS) notified under the Companies Act, 2013.

Standalone Financial Performance

Standalone revenue from operations declined to ₹132.61 lakh in Q1FY27 from ₹202.52 lakh in the corresponding period of FY26. However, total income stood at ₹1,298.52 lakh, supported by other income of ₹1,165.91 lakh compared to ₹327.50 lakh in Q1FY26. Total expenses decreased to ₹361.89 lakh from ₹203.48 lakh, with employee benefits expense rising slightly to ₹60.97 lakh from ₹52.22 lakh. Finance costs increased significantly to ₹154.12 lakh from ₹3.90 lakh year-ago. Earnings per share (basic) rose to ₹0.61 from ₹0.20.

Consolidated Results and Segment Data

On a consolidated basis, net profit attributable to owners of the company rose to ₹1,066.35 lakh from ₹267.80 lakh in Q1FY26. Consolidated revenue from operations was ₹349.64 lakh, down from ₹414.36 lakh year-ago. The group recorded a share of profit in associates of ₹197.61 lakh, up from ₹10.12 lakh. Total comprehensive income for the period reached ₹2,722.12 lakh, compared to ₹299.92 lakh in Q1FY26.

Segment-wise, the Renewable Energy (Solar) business contributed ₹300.75 lakh to consolidated revenue, while Infra & Others contributed ₹48.90 lakh. The Solar segment reported a segment result of ₹104.18 lakh, whereas Infra & Others posted ₹35.88 lakh. Unallocable expenditure net of unallocable income was ₹1,240.02 lakh.

What the Numbers Show

The divergence between declining operational revenue and surging net profit highlights a reliance on non-recurring items for current-period profitability. While core operational revenue fell by approximately 35% standalone and 16% consolidated, the bottom line expanded more than threefold due to the ₹874.18 lakh asset sale gain. Additionally, finance costs rose sharply in both standalone and consolidated views, suggesting increased debt servicing obligations or higher interest rates impacting the cost structure despite lower operational scale.