Surya India sets Sept 27 AGM, approves ₹100 crore RPT loans
- Surya India schedules 41st AGM for September 27, 2026
- Board approves ₹50 crore loans each to Haldiram Snacks and Haldiram Marketing
- Property lease agreements worth ₹15 crore total with three Haldiram entities
- Re-appointment of Priyanka Agarwal as Whole-Time Director proposed
*this image is generated using AI for illustrative purposes only.
Surya India Limited board approved significant related party transactions with affiliated Haldiram companies and fixed September 27, 2026, for its 41st Annual General Meeting. The decisions were taken in a meeting on September 2, 2026.
The board also recommended the re-appointment of Mrs. Priyanka Agarwal as Whole-Time Director. She retires by rotation under Section 152(6) of the Companies Act, 2013.
Related Party Transactions
The board approved multiple transactions under Section 188(1)(c) of the Companies Act, 2013, requiring shareholder approval at the AGM. These involve:
- Haldiram Manufacturing Company Private Limited
- Haldiram Ethnic Foods Private Limited
- Haldiram Marketing Private Limited
Additionally, loans under Section 185 were approved for:
- Haldiram Snacks Private Limited
- Haldiram Marketing Private Limited
Property Leasing Approvals
The company seeks approval for leasing properties to three related entities during FY27. The transactions are structured at arm's length and in the ordinary course of business.
| Entity | Transaction Type | Max Value (₹ crore) | % of Previous Year Turnover |
|---|---|---|---|
| Haldiram Manufacturing Co. Pvt Ltd | Property Lease | 3.00 | 40.68% |
| Haldiram Ethnic Foods Pvt Ltd | Property Lease | 3.00 | 40.68% |
| Haldiram Marketing Pvt Ltd | Property Lease | 9.00 | 122.03% |
Rent will be determined based on a fixed percentage of net sales or an agreed minimum guarantee, whichever is higher.
Loan Approvals
The board recommended special resolutions for granting unsecured loans to two related parties. The interest rate shall not be lower than the prevailing yield of Government Securities closest to the loan tenor.
| Entity | Purpose | Max Loan Amount (₹ crore) | % of Previous Year Turnover |
|---|---|---|---|
| Haldiram Snacks Pvt Ltd | Business expansion/Working capital | 50.00 | 677.94% |
| Haldiram Marketing Pvt Ltd | Business expansion/Working capital | 50.00 | 677.94% |
These loans represent a substantial commitment relative to the company's turnover, highlighting the financial interdependence within the promoter group.
41st AGM Details
The transfer books will remain closed from September 19 to September 26, 2026, for determining eligibility for the meeting. Mr. Pradeep Kathuria was appointed as Scrutinizer for e-voting.
| Detail | Information |
|---|---|
| Date | September 27, 2026 |
| Time | 1:00 pm |
| Venue | Registered Office, New Delhi |
| Book Closure Period | September 19–26, 2026 |
| E-Voting Cut-off | September 19, 2026 |
These actions comply with Regulation 30 and Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary Navneet Kumar Mishra issued the intimation on September 3, 2026.
Historical Stock Returns for Surya
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
How will the substantial related-party loans, totaling ₹100 crore, impact Surya India's liquidity position and debt-to-equity ratio in FY27?
What is the strategic rationale behind leasing properties to Haldiram entities at rates tied to net sales, and how does this compare to prevailing market rental yields?
Could the high concentration of transactions with promoter-affiliated entities raise concerns among minority shareholders regarding corporate governance and conflict of interest?
Access Market Heat-map & Insights 
Create, Save & Share your Screener 
Use 200+ Screening Filters 
