Suraj Estate Developers Limited has announced the launch of Suraj Park View 1, a prestigious residential project in the heart of Mumbai's Dadar (West) neighborhood. The 29-storey tower, situated in the iconic Shivaji Park area, represents a significant addition to the company's portfolio with an estimated gross development value of ₹250.00 crore.

Project Details

The new development boasts approximately 0.53 lakh square feet of saleable carpet area, offering a range of living spaces to cater to diverse homebuyer needs. Suraj Park View 1 features:

• 1, 2, and 3BHK units
• Apartment sizes ranging from 469 to 872 square feet
• Panoramic views of the Arabian Sea and Shivaji Park

Strategic Location and Amenities

Strategically positioned just 100 metres from Dadar Metro Station, the project aims to provide excellent connectivity for its residents. The development is set to include a host of modern amenities, such as:

• Jogging tracks
• Fully-equipped gym
• Yoga deck
• Children's play zones

Management Perspective

Rahul Thomas, Whole-Time Director of Suraj Estate Developers, emphasized the project's significance, stating that it "reflects Dadar's cultural essence while meeting modern homebuyer aspirations." This statement underscores the company's commitment to blending traditional neighborhood values with contemporary living standards.

Market Response

On the day of the announcement, Suraj Estate Developers' shares closed at ₹296.80 on the stock market, registering a slight decrease of 0.55%. This minor fluctuation suggests that the market's initial reaction to the project launch was relatively neutral.

The launch of Suraj Park View 1 marks a significant step for Suraj Estate Developers in expanding its presence in Mumbai's competitive real estate market. With its prime location, modern amenities, and variety of unit options, the project is positioned to attract potential homebuyers looking for upscale urban living in one of Mumbai's most sought-after neighborhoods.

Suraj , a manufacturer of stainless steel seamless pipes, tubes, and fittings, has announced its unaudited financial results for the first quarter of the fiscal year 2026, along with addressing recent non-compliance notices from stock exchanges.

Financial Performance

The Board of Directors of Suraj Limited approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2025, during a meeting held on July 24, 2025. The company reported the following key figures for Q1 FY26:

The consolidated results include the company's share of profit from its associate, Suraj Enterprise Private Limited, which contributed Rs. 119.54 lakhs to the bottom line.

Addressing Non-Compliance Notices

Suraj Limited also addressed two non-compliance notices received from stock exchanges dated June 27, 2025:

NSE Notice

The National Stock Exchange issued a notice regarding the non-submission of the cash flow statement. The company attributed this to a human error in scanning the document, despite submitting other required information on time. The Board stated that all other information and supporting documents were duly submitted, but resubmission was not allowed on the NEAPS portal.

BSE Notice

The Bombay Stock Exchange issued a notice for non-compliance with secretarial compliance report submission requirements. Specifically, the company had not submitted the PDF file, although it had submitted the report in XBRL format within the prescribed time.

In response to both notices, Suraj Limited has paid the fines levied by the exchanges. The Board of Directors has advised the management to ensure proper compliance in the future to avoid such incidents.

Management's Commitment

The company's management has committed to strengthening its compliance procedures to prevent similar oversights in the future. This demonstrates Suraj Limited's dedication to maintaining transparency and adhering to regulatory requirements.

Suraj Limited continues to focus on its core business of manufacturing stainless steel, alloy steel, and carbon steel seamless pipes, tubes, fittings, and flanges. As the company moves forward, it aims to improve its operational efficiency and maintain strong corporate governance practices.

Investors and stakeholders will be watching closely to see how these compliance measures and the company's financial performance evolve in the coming quarters.