StockWatch
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Iron & Steel Products
Board Meeting14 Aug 2026, 07:10 pm

Suraj Products Ltd Board Approves Financial Results, Fundraise

AI Summary

Suraj Products Ltd's Board of Directors met on August 14, 2026, to approve standalone and consolidated unaudited financial results for the quarter ended June 30, 2026. The board also approved alterations to the Memorandum and Articles of Association, an increase in authorized share capital from ₹12 crore to ₹15 crore, and a preferential issue of up to 5,00,000 equity shares aggregating up to ₹11.55 crore. Additionally, the company plans to issue up to 25,00,000 convertible warrants aggregating up to ₹57.75 crore on a preferential basis. The 35th Annual General Meeting is scheduled for September 12, 2026, to seek shareholder approval for the preferential issue. The record date for the final dividend for FY 2025-26 is set as September 5, 2026.

Key Highlights

  • Approved Q1 FY27 unaudited financial results (standalone & consolidated).
  • Approved increase in authorized share capital to ₹15 crore.
  • Approved preferential issue of equity shares worth ₹11.55 crore.
  • Approved preferential issue of convertible warrants worth ₹57.75 crore.
  • AGM scheduled for Sep 12, 2026, to approve preferential issue.