Suraj Estate Developers Ltd

Suraj Estate Developers Ltd has announced the closure of its trading window for all designated persons and their immediate relatives. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's code of conduct. The trading window will remain shut from July 1, 2026, until 48 hours after the declaration of the unaudited financial results for the quarter ended June 30, 2026. The specific date for the board meeting to consider these results will be communicated separately. The notice will be published on the company's website.

Suraj Estate Developers Ltd, through its subsidiary Iconic Property Developers Private Limited, has acquired development rights for a prime land in Mahim (West) for ₹75.00 crores. The plot, contiguous to Suraj One Business Bay, is expected to generate an additional 1.50 lakh square feet of saleable carpet area with an estimated GDV of ₹800 crores. This acquisition will expand the company’s commercial footprint in South Central Mumbai and is expected to strengthen the company’s near-to-medium term project pipeline.

Suraj Estate Developers Ltd. has announced its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The results, along with an unmodified audit report from M/s SKLR & Co. LLP, were approved by the Board of Directors on May 30, 2026, following a review and recommendation by the Audit Committee. The board also approved the re-appointment of M/s Ankit Kishor Chande, Cost Accountant and M/s. Motilal & Associates LLP as Cost Auditors and Internal Auditors respectively for the financial year 2026-27, subject to shareholder approval.

Suraj Estate Developers Ltd. has announced its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The results, along with an unmodified audit report from M/s SKLR & Co. LLP, were approved by the Board of Directors in a meeting held on May 30, 2026, following a review by the Audit Committee. The board also approved the re-appointment of M/s Ankit Kishor Chande as Cost Auditors and M/s. Motilal & Associates LLP as Internal Auditors for FY 2026-27, subject to shareholder approval.

Suraj Estate Developers Ltd's Board of Directors approved the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The decision was made during the board meeting held on May 30, 2026, following a review and recommendation by the Audit Committee. The board also re-appointed M/s Ankit Kishor Chande as Cost Auditors and M/s. Motilal & Associates LLP as Internal Auditors for the financial year 2026-27, subject to shareholder approval.

Suraj Estate Developers Ltd has announced that its Board of Directors will convene a meeting on May 30, 2026. The primary agenda for this meeting is to consider and approve the Audited Standalone and Consolidated Financial Results for the quarter and financial year ended March 31, 2026. In compliance with SEBI regulations, the trading window for designated persons and insiders has been closed since April 1, 2026, and will remain closed until 48 hours after the declaration of these financial results.

Suraj Estate Developers Ltd. has released a Monitoring Agency Report by CARE Ratings Limited for the quarter ended March 31, 2026, as per SEBI regulations. The report pertains to the utilization of proceeds from a Preferential Issue (PI) of ₹343.39 crore. CARE Ratings, as the Monitoring Agency, declares that the report provides an objective view based on information provided by the Issuer and believed to be accurate, without performing an audit or independent verification. The report confirms no deviations from the objects of the issue.

Suraj Estate Developers Ltd reports no deviation in the utilization of funds raised through a preferential issue for the quarter ended March 31, 2026. The funds, amounting to ₹343.39 Cr, were raised on October 15 & 18, 2024, and allocated towards land acquisition, working capital, general corporate purposes, and issue-related expenses. The company confirms that the funds were utilized as per the objects stated in the explanatory statement of the General Meeting held on September 14, 2024. Convertible warrants were forfeited on April 8, 2026, due to non-payment of the balance amount by warrant holders.

Suraj Estate Developers Ltd announced the resignation of Mr. Gopal Govind Barve, Chief Engineer and Senior Managerial Personnel, effective from the closure of business hours on April 29, 2026. The company stated that Mr. Barve's resignation was due to personal reasons. The necessary disclosures have been made in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Suraj Estate Developers Ltd has acquired a land parcel in Dadar (West), Mumbai, for a total acquisition cost of approximately ₹18.00 Crores. This includes ₹8.53 crore in cash and 2,200 sq ft to be handed over to landowners, along with stamp duty. The company plans to redevelop the plot into a project with a sale carpet area of approximately 0.18 lakh sq ft, estimating a Gross Development Value (GDV) of around ₹100 crores. This acquisition is expected to strengthen the company's project pipeline and reinforce its presence in its core South-Central Mumbai micro-market, enhancing medium-term revenue visibility.