Surana Telecom holds 37th AGM, adopts FY26 financial statements
- Surana Telecom and Power held its 37th AGM on September 29, 2026, via video conferencing
- Members adopted audited standalone and consolidated financial statements for FY26
- Rangarajan Venkataramanan Thiruvaiyar re-appointed as Whole-Time Director via special resolution
- Revision in remuneration for Managing Director Mangilal Narender Surana approved
- 60 members participated in the meeting which lasted from 11:00 am to 11:29 am
*this image is generated using AI for illustrative purposes only.
Surana Telecom and Power conducted its 37th Annual General Meeting on September 29, 2026. The meeting was held through Video Conferencing and Other Audio Visual Means, complying with regulatory guidelines for virtual gatherings.
Members present approved the adoption of audited standalone and consolidated financial statements for the fiscal year ended March 31, 2026. The Board of Directors' reports and Auditors' reports were also considered and adopted during the session.
Key resolutions passed
The meeting addressed both ordinary and special business items. Shri Rangarajan Venkataramanan Thiruvaiyar was re-appointed as a Director in place of retirement by rotation. Additionally, his re-appointment as Whole-Time Director was approved via a Special Resolution.
The members also ratified the remuneration of Cost Auditors for FY27 and approved a revision in the terms of remuneration for Managing Director Mangilal Narender Surana. Approval was also granted for material related party transactions.
Meeting details and participation
The AGM commenced at 11:00 am and concluded at 11:29 am, including time allotted for electronic voting. A total of 60 members participated in the meeting. Remote e-voting facilities were provided to eligible shareholders prior to the event, with results to be announced within two working days.
| Item | Resolution Type | Status |
|---|---|---|
| Adoption of FY26 Financial Statements | Ordinary | Passed |
| Re-appointment of Director (Rotation) | Ordinary | Passed |
| Ratification of Cost Auditor Remuneration | Ordinary | Passed |
| Re-appointment as Whole-Time Director | Special | Passed |
| Revision of MD Remuneration | Special | Passed |
| Material Related Party Transactions | Ordinary | Passed |
The Statutory and Secretarial Auditors confirmed that their reports contained no qualifications or adverse observations regarding the company's functioning. The Chairman addressed member queries regarding operational and financial performance before the voting process concluded.
Historical Stock Returns for Surana Telecom & Power
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.95% | -1.43% | -3.64% | -1.67% | -23.15% | +72.50% |
How will the approved revision in Managing Director Mangilal Narender Surana's remuneration impact the company's operating expenses and profit margins in FY27?
What specific strategic initiatives are expected to be funded or accelerated by the capital structure implied in the adopted FY26 consolidated financial statements?
Given the approval of material related party transactions, what measures are being implemented to ensure these dealings do not dilute minority shareholder value in future quarters?
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