Financial Performance Overview
Suratwwala Business Group Limited reported exceptional financial performance for FY 2025-26, with consolidated revenue reaching ₹142.99 crore, representing a 298% year-over-year increase. Profit before tax stood at ₹51.19 crore (235% growth), while profit after tax surged to approximately ₹38 crore (243% growth). The company's net worth increased by 58% to ₹110.41 crore, supported by strong performance across both real estate and solar EPC segments.
Segment Performance
The real estate segment contributed ₹89.29 crore in revenue with approximately 46% PBT margin, while the solar EPC business generated ₹54.49 crore, representing ~38% of group revenue. The company maintains a healthy debt-to-equity ratio of <0.8X and has an order pipeline of approximately ₹93 crore for FY27.
Annual General Meeting Details
The 19th Annual General Meeting is scheduled for September 23, 2026, to be held virtually through video conferencing. Shareholders can vote electronically from September 20-22, 2026, with the cut-off date for eligibility set as September 16, 2026. The meeting will consider various resolutions as set out in the AGM notice.
Balance Sheet and Financing Position
Total assets stood at ₹22,439.23 lakh as of March 31, 2026, with borrowings of ₹7,640.73 lakh comprising primarily secured loans from financial institutions. Detailed loan facilities include:
- ICICI Bank Limited: ₹30.20 lakh sanctioned (9.50% interest)
- ICICI Bank Additional facility: ₹1,800 lakh sanctioned (Repo Rate + 3.25%)
- Aditya Birla Capital Ltd.: ₹5,000 lakh sanctioned (13.60% interest)
- Aditya Birla Capital LAP: ₹5,000 lakh sanctioned (13.40% interest)
Corporate Governance and Compliance
The company has complied with SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, and relevant MCA circulars. The board recommended a final dividend of ₹0.12 per equity share (12% of face value) subject to shareholder approval. CSR expenditure amounted to ₹53.29 lakh focused on education, healthcare, and community development initiatives.
Operational Highlights
The company maintains a strategic land bank of ~180 acres in Pune's growth corridors and has completed Suratwala Mark Plazzo A and B buildings, with ongoing construction of Buildings C, D and E. Additional projects include Prabhat Road luxury residential development and Kasar Amboli villa project. Employee strength stands at 49 with 20% women workforce.
Related Party Transactions
Key management personnel remuneration included Jatin Dhansukhlal Suratwala (₹48.00 lakh), Manoj Dhansukhlal Suratwala (₹48.00 lakh), and Hemaben Pankaj Sukhadia (₹11.40 lakh). Significant transactions with related parties included construction expenses with Suratwwala Properties LLP (₹4,135.71 lakh) and loans/advances to Suratwwala Natural Energy Resource Pvt Ltd (₹1,555.92 lakh).
Auditor Report and Regulatory Compliance
Parag Patwa & Associates provided an unmodified audit opinion, with key audit matters focusing on revenue recognition under Ind AS 115 and related party transactions under Ind AS 24. The company confirmed compliance with various regulatory requirements including no wilful defaulter status, no benami properties, and proper disclosure of all transactions.