Surana Telecom and Power Limited reported exceptional financial performance for FY26 with standalone revenue surging 558% to ₹540.33 crore, primarily driven by solar module trading sales of ₹476.23 crore. Net profit remained stable at ₹246.81 crore (+0.6% YoY), though the company witnessed a significant increase in trade receivables to ₹415.83 crore from ₹8.85 crore in the previous year.
The company secured a ₹58.17 crore term loan from Tata Capital during the year, contributing to increased borrowings. The Board has called for the 37th Annual General Meeting on September 29, 2026, to seek shareholder approval for several key resolutions including reappointment of directors, revision of Managing Director's remuneration to ₹3 crore annually, and material related party transactions totaling ₹28,000 crore with seven group entities.
Key corporate governance matters include the reappointment of Shri. Rangarajan Venkataramanan Thiruvaiyar as Whole-Time Director and revision of remuneration for Managing Director Shri. Mangilal Narender Surana. The company maintains 6 subsidiaries and 1 associate company, primarily in the renewable energy sector.
Auditors Luharuka & Associates issued an unmodified opinion on both standalone and consolidated financial statements with no material qualifications. The consolidated performance showed revenue of ₹607.95 crore but a 7.7% decrease in net profit to ₹216.41 crore. No dividend was declared for FY26, with profits retained for future growth plans.
The company's strategic shift toward solar trading appears to be driving revenue growth, though this has resulted in increased working capital requirements and related party transactions that require shareholder approval at the upcoming AGM.