Suraj Estate Developers Ltd

Suraj Estate Developers Ltd has issued an intimation regarding its 40th Annual General Meeting (AGM) scheduled for September 30, 2026, at 12:30 PM IST, to be conducted via Video Conferencing/Other Audio Visual Means. In compliance with SEBI Listing Regulations, the company is sending letters to shareholders whose email addresses are not registered, providing a weblink to access the Annual Report for FY 2025-26 and the AGM notice. The Annual Report is available at https://surajestate.com/wp-content/uploads/2026/09/40th-Annual-Report-FY-2025-26.pdf, with the exact path detailed on the company's website. The filing also serves as a reminder for shareholders to update their KYC details as per recent SEBI circulars, especially for those holding physical securities.

Suraj Estate Developers Ltd has announced its 40th Annual General Meeting (AGM) will be held on September 30, 2026, at 12:30 PM IST via Video Conferencing (VC)/Other Audio Visual Means (OAVM). The company will share its Annual Report for FY2025-26 and the AGM Notice with members electronically. Shareholders can exercise their voting rights through NSDL's e-voting facility, with the remote e-voting period from September 27 to September 29, 2026. The Register of Members and Share Transfer Books will be closed from September 26 to September 29, 2026, for the AGM.

Suraj Estate Developers Ltd has announced its 40th Annual General Meeting (AGM) will be held on Wednesday, September 30, 2026, at 12:30 p.m. The meeting will be conducted via Video Conferencing (VC)/Other Audio Visual Means (OAVM). The company has also enclosed the Annual Report for FY 2025-26 and the AGM Notice. Members can exercise their voting rights electronically through NSDL from September 27 to September 29, 2026. The Register of Members and Share Transfer Books will be closed from September 26 to September 29, 2026.

Suraj Estate Developers Ltd has reported no deviation in the utilization of funds raised through a Preferential Issue for the quarter ended June 30, 2026. The company raised ₹343.39 Cr on October 15-18, 2024. All allocated funds for land acquisition, working capital, and general corporate purposes have been utilized as per the original objects. The company confirmed that the utilization aligns with the objects stated in the explanatory statement for the General Meeting held on September 14, 2024. A note also clarifies the forfeiture of warrants amounting to ₹99.75 Cr.

Suraj Estate Developers Limited announced its Board of Directors has approved an enabling resolution to raise up to ₹500 Crores through equity shares, equity-linked, or convertible securities. The funds will be raised in one or more tranches via methods like private placement, preferential issue, rights issue, or QIP, subject to shareholder and regulatory approvals. The company also approved the unaudited financial results for the quarter ended June 30, 2026, with an unmodified audit opinion. Additionally, the re-appointment of Mr. Rajan Meenathakonil Thomas as Managing Director and Mr. Rahul Rajan Jesu Thomas as Whole Time Director for five-year terms was approved, pending shareholder consent.

Suraj Estate Developers Limited announced the outcome of its Board Meeting held on August 14, 2026. The board approved the unaudited financial results (standalone and consolidated) for the quarter ended June 30, 2026, along with the limited review report. Key decisions included the re-appointment of Mr. Rajan Meenathakonil Thomas as Managing Director for five years from October 1, 2026, and Mr. Rahul Rajan Jesu Thomas as Whole Time Director for five years from November 1, 2026, both subject to shareholder approval. Additionally, an enabling resolution was passed for raising funds up to ₹500 Crores through various equity-linked instruments, subject to regulatory and shareholder approvals. The company also prepared documentation for its 40th Annual General Meeting.

Suraj Estate Developers Ltd has submitted its Monitoring Agency Report for the quarter ended June 30, 2026, as provided by CARE Ratings Limited. The report pertains to the utilization of proceeds from a Preferential Issue (PI) amounting to Rs. 343.39 crore. The company confirms there were no deviations from the objects of the issue. The original issue size was Rs. 500.00 crore, but it was reduced due to undersubscription in shares and forfeiture of warrants. The report is submitted as per SEBI regulations and the Monitoring Agency Agreement.

Suraj Estate Developers Limited's Board of Directors convened on August 14, 2026, to approve the unaudited financial results for the quarter ended June 30, 2026. The company also announced the re-appointment of Mr. Rajan Meenathakonil Thomas as Managing Director and Mr. Rahul Rajan Jesu Thomas as Whole Time Director, both for five-year terms, subject to shareholder approval. Additionally, the board approved an enabling resolution to raise up to ₹500 Crores through various equity-linked instruments, pending shareholder and regulatory approvals. The company also provided updates on its 40th Annual General Meeting preparations and related reports.

Suraj Estate Developers Limited announced the outcome of its Board Meeting held on August 14, 2026. The board approved the unaudited financial results (standalone and consolidated) for the quarter ended June 30, 2026, along with the limited review report from statutory auditors M/s SKLR & Co. LLP., which had an unmodified opinion. Additionally, the board approved the re-appointment of Mr. Rajan Meenathakonil Thomas as Managing Director for five years from October 1, 2026, and Mr. Rahul Rajan Jesu Thomas as Whole Time Director for five years from November 1, 2026, both subject to shareholder approval. An enabling resolution was also passed for raising funds up to ₹500 Crores through various equity-linked instruments.

Suraj Estate Developers Ltd announced that its Management Committee has approved the issuance of 1,650 Senior, Secured, Unrated, Unlisted, Redeemable, Taxable, Non-Convertible Debentures (NCDs). Each NCD has a face value of INR 10,00,000/-, aggregating up to INR 165,00,00,000/- (INR 165 Crores). The issuance will be in one or more tranches to eligible investors on a private placement basis, in compliance with applicable laws and regulations. The meeting of the Management Committee commenced at 06:30 p.m. and concluded at 07:00 p.m.