Surya Roshni Limited has confirmed that its promoters and promoter group did not encumber any shares directly or indirectly during the financial year ended 31 March 2026. The company disclosed this in its annual declaration submitted under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. This status indicates that the promoters hold their equity stakes free of any pledges or liens, which reduces the risk of forced sales or volatility in the stock price due to margin calls.

The declaration, signed by Promoter Jai Prakash Agarwal, was addressed to the Stock Exchange, Mumbai, and the National Stock Exchange of India Ltd. It explicitly states that the total pledged shares by the Promoter or Promoter Group as on 31 March 2026 stand at Nil equity shares. This figure represents 0% of the total paid-up equity capital of the company, signifying a clean holding structure for the period under review.

The filing serves as a mandatory compliance update required by market regulations to ensure transparency regarding the holding patterns of key shareholders. By confirming the absence of encumbrances, the company provides assurance to investors regarding the stability of the promoter's shareholding. The document was also copied to the Compliance Officer of Surya Roshni Limited for internal record-keeping.

Share Pledge Status for FY26

Surya Roshni Limited reported its audited financial results for the quarter and financial year ended March 31, 2026. The company recorded a consolidated net profit of ₹98 crore for the fourth quarter, a decrease of 24% from ₹130 crore in the corresponding quarter of the previous year. For the full financial year, the consolidated net profit stood at ₹286 crore, compared to ₹347 crore in FY25. The company maintains a net cash surplus of ₹337 crore as on March 31, 2026, and has become a zero-debt company. Management has provided guidance for FY27, targeting a total revenue of ₹9,400 crore to ₹9,500 crore and a combined EBITDA of ₹680 crore to ₹700 crore.

Financial Performance

Consolidated revenue from operations for the year ended March 31, 2026, reached ₹7,540 crore, a 1% increase from ₹7,436 crore in the previous year. In Q4 FY26, revenue stood at ₹2,163 crore, broadly stable year-on-year and 12% higher sequentially. EBITDA for the quarter was ₹170 crore with margins of approximately 7.9%. Total expenses for the year rose to ₹7,211 crore from ₹7,000 crore in the prior year. The table below summarises the key financial metrics for the fourth quarter and full year:

Segment Performance

The Lighting & Consumer Durables segment reported revenue of ₹501 crore in Q4 FY26, registering growth of 9% year-on-year. For FY26, segment revenue grew by 7% to ₹1,809 crore. The Steel Pipes & Strips business reported its highest-ever quarterly dispatch volumes of approximately 2.6 lakh tonnes during the quarter. The segment delivered resilient performance despite geopolitical disruptions, supported by improving realizations and disciplined inventory management. Value-added products contributed approximately 43% of overall volumes for the Steel Pipes & Strips business in FY26.

The total order book stood at ₹1,160 crore as on March 31, 2026. The order book for the Steel Pipes & Strips segment was ₹1,000 crore, led by exports, spiral pipes, and domestic API orders, providing strong visibility for H1FY27. The export business expanded its footprint across newer geographies including the UK market, while strengthening order visibility across North America and Europe.

Outlook and Guidance

For FY27, the company targets an overall volume of 11 lakh tons in the Steel segment, representing growth of nearly 21% to 22% over FY26. The Steel Division is expected to report revenue of approximately ₹7,200 crore and EBITDA of ₹470 crore to ₹480 crore. The Lighting Division is expected to report revenue of approximately ₹2,200 crore and EBITDA of ₹200 crore. The company anticipates exports to cross 2.5 lakh tons in FY27, up from 1.36 lakh tons in FY26, driven by new orders from North America.

Dividend Declaration

The Board of Directors has recommended a final dividend of ₹2.50 per equity share of face value ₹5/- each (50%) for the financial year ended March 31, 2026. This is in addition to the interim dividend of ₹2.50 per share paid in November 2025. The dividend, if declared by shareholders, will be credited or dispatched within 30 days of the declaration.