Suryo Foods & Industries Limited shareholders approved the development of an industrial park and commercial residential real estate projects during the company's 37th Annual General Meeting held on September 28, 2026.

The meeting, conducted at the registered office in Bhubaneswar, authorized the Board to develop an industrial park at Narendrapur and Karanjamala, alongside commercial and residential real estate at Gopalpur-on-Sea and Ganjam. These initiatives fall under Section 180(1)(a) of the Companies Act, 2013.

Key resolutions passed

Members adopted the financial statements for the fiscal year ended March 31, 2025, as presented in the Directors' Report and Auditor's Report. The following key resolutions were transacted:

• Financial Statements: Adoption of audited accounts for FY25.
• Director Re-appointment: Re-appointment of Annapurna Dash (DIN: 00586755) as a director liable to retire by rotation.
• Borrowing Limits: Increase in borrowing limits pursuant to Section 180(1)(c) of the Companies Act, 2013.
• Asset Charge: Authorization for creation of charge or mortgage on company assets under Section 180(1)(a).
• Project Development: Authorization to develop industrial parks at Narendrapur and Karanjamala, and real estate projects at Gopalpur-on-Sea and Ganjam.
• Related Party Transactions: Approval for entering into material related party transactions for joint development of land in the aforementioned locations.

Governance and voting process

Aditya Dash, Executive Director and CEO, chaired the meeting in the absence of Chairman cum Managing Director Amarendra Dash. The Company Secretary, Manisha Satapathy, informed members that e-voting facilities were provided to all shareholders. Those present but not casting electronic votes used ballot papers, with no voting by show of hands permitted.

M/s. Saroj Ray & Associates served as the scrutinizer to supervise the voting through postal ballot. The results of the voting are to be declared within 48 hours from the conclusion of the meeting.

Suryo Foods & Industries reported a net loss of ₹187,000 for the quarter ended June 30, 2026 (Q1FY26), marking a reversal from the profit of ₹185,000 recorded in the corresponding period of the previous year. The decline was driven by higher other expenses, which rose to ₹1,047,000 from ₹662,000 in Q1FY25, despite total income remaining flat at ₹1,361,000. The company’s Board of Directors approved these unaudited financial results on August 10, 2026, alongside key governance appointments and the scheduling of its 37th Annual General Meeting (AGM).

The financial performance reflects a challenging operating environment where revenue from operations remained nil, with total income derived entirely from other sources. While depreciation and employee benefit expenses saw marginal decreases or stability, the significant spike in other expenses pressured the bottom line. The loss per share stood at ₹0.03, compared to earnings per share of ₹0.05 in Q1FY25.

Key Financial Metrics

Governance and Appointments

Alongside the financial results, the Board made several strategic appointments to strengthen its leadership and compliance framework. Mr. Rajiv Kumar Moharana has been appointed as the Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), effective August 10, 2026. He brings over 15 years of experience in accounts and finance, holding degrees in Masters in Commerce and Master in Business Administration.

The Board also recommended the re-appointment of Mrs. Annapurna Dash as a Non-Executive, Non-Independent Director, liable to retire by rotation. Her re-appointment is subject to shareholder approval at the upcoming AGM. Mrs. Dash is related to Chairman & Managing Director Mr. Amarendra Dash and Director & CEO Mr. Aditya Dash.

AGM and Compliance Details

The company has scheduled its 37th Annual General Meeting for Monday, September 28, 2026, at 11:30 A.M. at its registered office in Bhubaneswar. The Register of Members and Share Transfer Books will remain closed from Tuesday, September 22, 2026, to Monday, September 28, 2026 (both days inclusive) to determine eligibility for the meeting.

In compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company appointed M/s. Saroj Ray & Associates as its Secretarial Auditor for the financial year 2026-27. The firm, with over 21 years of experience, will conduct the audit in accordance with Section 204 of the Companies Act, 2013. The financial results were reviewed by Sanjit Mohanty & Co., Chartered Accountants, under Standard on Review Engagements (SRE) 2410.