Suraj Products Limited announced the publication of its Q3FY26 quarterly financial results in newspapers pursuant to SEBI Regulations 30 and 47(3), following the Board meeting held on February 3, 2026. The Odisha-based iron ore finished products manufacturer reported mixed performance with quarterly growth but nine-month challenges.

Regulatory Compliance and Publication

The company submitted newspaper cuttings to stock exchanges showing publication of financial results in multiple newspapers on February 4, 2026. The publications appeared in Business Standard (English and Hindi editions) and Utkal Mail (Oriya newspaper), ensuring compliance with SEBI listing obligations.

Q3FY26 Financial Performance

The company's quarterly results demonstrated resilience with marginal profit growth despite revenue headwinds. Net profit increased by 1.3% year-on-year while maintaining operational efficiency through effective cost management.

Nine-Month Performance Analysis

The nine-month results revealed more significant challenges compared to the quarterly performance, with both revenue and profitability declining substantially from the previous year period.

Corporate Governance

The Board of Directors approved the unaudited financial results at their meeting held on February 3, 2026, following audit committee recommendations. The results underwent limited review by statutory auditors and maintain the company's paid-up equity share capital at ₹1,140.00 lakhs with face value of ₹10 per share.

Subsidiary Information

The consolidated results include the wholly-owned subsidiary "SURAJ IRON & STEEL MANUFACTURERS- L.L.C.-S.P.C." The company maintains transparency in its financial reporting by providing both consolidated and standalone financial information to stakeholders.

Suraj Products Limited (SPL) has emerged victorious in a significant arbitration case, securing a favorable award worth ₹27.46 crore against Everlience India Private Limited, formerly known as MAN Energy Solutions India Pvt Ltd. The arbitration, which concluded on November 26, 2025, centered around a dispute involving a 6MW Steam Turbine Generator that failed to meet contractual output specifications.

Key Details of the Arbitration Award

Financial Implications

The arbitration award represents a significant financial boost for Suraj Products Limited. The total amount of ₹27,46,44,375 includes interest calculated at 12% per annum up to the date of the award. This compensation is likely to have a positive impact on the company's financial position.

Payment Terms and Additional Interest

The arbitration award includes specific terms regarding payment. If Everlience India Private Limited fails to make the payment within 30 days of the award date, they will be subject to an increased interest rate of 18% per annum on the outstanding amount until full payment is made.

Company's Disclosure

Suraj Products Limited promptly disclosed this development to the stock exchanges, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This transparency ensures that investors and stakeholders are informed about this material event that could potentially impact the company's financial outlook.

Conclusion

This arbitration award marks a positive development for Suraj Products Limited, potentially strengthening its financial position. Investors and market watchers will likely keep a close eye on the payment of the award and its impact on the company's future financial statements.