Board Meeting Details

The Board of Directors meeting was held on Thursday, August 06, 2026, at the Registered Office of the Company situated at F-32/3, Second Floor, Okhla Industrial Area, Phase-II, New Delhi - 110020. The meeting commenced at 04:45 P.M. (IST) and concluded at 06:00 P.M. (IST).

Key Decisions Approved

1. Financial Results Approval: The Board approved the Un-Audited Standalone and Consolidated Financial Results of the Company for the quarter ended June 30, 2026, together with the Limited Review Reports issued by the Statutory Auditors (M/s Pawan Shubham & Co.), as reviewed and recommended by the Audit Committee.

2. Internal Auditor Reappointment: The Board re-appointed M/s Padam Dinesh & Co., Chartered Accountants (Firm Registration No. 009061N), as the Internal Auditor of the Company for the Financial Year 2026-27, based on the recommendation of the Audit Committee.

Standalone Financial Results for Q1 FY27 (Quarter ended June 30, 2026)

Income Statement Highlights:

  • Total Income: ₹955.38 lakhs
  • Total Expenses: ₹819.80 lakhs
  • Profit before exceptional items and tax: ₹135.58 lakhs
  • Exceptional Items: Unrealized gain on remeasurement of investment in erstwhile associate (net of tax) of ₹1,633.62 lakhs
  • Profit before tax: ₹1,769.20 lakhs
  • Tax Expense: ₹31.35 lakhs (Current tax including earlier year taxes)
  • Net Profit for the period: ₹1,737.85 lakhs
  • Other Comprehensive Income (net of tax): ₹115.29 lakhs
  • Total Comprehensive Income for the period: ₹1,857.14 lakhs

Capital Structure:

  • Paid-up equity share capital (FV of ₹10 each): ₹1,852.52 lakhs
  • Paid-up equity share capital (partly paid @₹5 per share): ₹1,489.37 lakhs

Earnings Per Share (not annualized):

  • Basic EPS: ₹5.56
  • Diluted EPS: ₹5.56

Consolidated Financial Results for Q1 FY27 (Quarter ended June 30, 2026)

Income Statement Highlights:

  • Revenue from operations: ₹727.39 lakhs
  • Other income: ₹3.11 lakhs
  • Total income from operations: ₹730.50 lakhs
  • Total Expenses: ₹6,853.88 lakhs
  • Profit before exceptional items and share of profit/loss of associates and tax: ₹421.62 lakhs
  • Exceptional Items: Unrealized gain on remeasurement of investment in erstwhile associate (net of tax) of ₹79.17 lakhs
  • Share of profit/(loss) of Associate (net of tax): ₹56.77 lakhs
  • Profit before tax: ₹563.56 lakhs
  • Tax Expense: ₹137.06 lakhs (Deferred tax charge)
  • Net Profit for the period: ₹426.50 lakhs
  • Other Comprehensive Income (net of tax): ₹119.29 lakhs
  • Total Comprehensive Income for the period: ₹545.79 lakhs

Profit Attribution:

  • Equity Shareholders of Holding Company: ₹414.69 lakhs
  • Non-Controlling Interests: ₹11.81 lakhs

Capital Structure:

  • Paid-up equity share capital (FV of ₹10 each): ₹1,852.52 lakhs
  • Paid-up equity share capital (partly paid @₹5 per share): ₹1,489.37 lakhs

Earnings Per Share (not annualized):

  • Basic EPS: ₹1.63
  • Diluted EPS: ₹1.63

Significant Accounting Notes

1. Business Segments: The company previously had two business segments - Liquor operations and Trading Operations. The trading operations have been discontinued, and the company's business activities now fall within a single primary business segment, namely Liquor (Alcohol & Alcoholic Beverages). Therefore, disclosure as per IND-AS 108 "Operating Segments" is not applicable.

2. Associate Relationship Cessation: M/s Shri Gang Industries & Allied Products Ltd ceased to be an associate of the Company with effect from June 06, 2026, due to an increase in equity share capital of the associate company. Accordingly:

  • The investment has been reclassified as a financial asset and measured at fair value in accordance with Ind AS 109 - Financial Instruments
  • Resultant unrealized remeasurement gain of ₹1,633.62 lakhs (net of tax) arising on cessation of associate relationship has been recognized in the Statement of Profit and Loss as an exceptional item
  • Subsequent unrealized fair value gain of ₹139.19 lakhs up to June 30, 2026, has been recognized in Other Comprehensive Income pursuant to the irrevocable FVOCI election under Ind AS 109

3. Consolidation Entities: The consolidated financial results include:

  • Suraj Industries Limited (Holding Company)
  • Carya Chemicals & Fertilizers Private Limited (Subsidiary Company)
  • Shri Gang Industries & Allied Products Limited (Associate up to June 06, 2026)
  • VRV Foods Limited (Associate)

Internal Auditor Reappointment Details

  • Firm: M/s Padam Dinesh & Co., Chartered Accountants (Firm Registration No. 009061N)
  • Date of Re-appointment: August 06, 2026
  • Term: Re-appointed as Internal Auditor for conducting Internal Audit for Financial Year 2026-27
  • Firm Profile: Established in 1989, Peer Reviewed Chartered Accountants firm based in New Delhi with over 35 years of professional experience in audit, assurance, taxation, advisory, and regulatory compliance services. The firm is empanelled with the Comptroller and Auditor General of India (C&AG) and the Reserve Bank of India (RBI).

Signatories and Authentication

  • Company Secretary & Compliance Officer: Snehlata Sharma
  • Managing Director: Suraj Prakash Gupta (DIN: 00243846)
  • Statutory Auditors: M/s Pawan Shubham & Co., Chartered Accountants (Firm's Reg. No. 011573C)
  • Review Partner: Krishna Kumar (M.No.: 523411)