Financial Performance FY 2025-26
Surya Roshni Limited reported consolidated revenue of ₹7,540.42 crore for FY 2025-26, with net profit declining 17.5% to ₹285.81 crore from ₹346.60 crore in the previous year. The steel pipes business achieved 9.04 lakh tonnes volume contributing ₹5,731 crore (76% of total revenue), while the lighting and consumer durables segment grew 7% to ₹1,809 crore revenue. The company maintained a net cash surplus of ₹337 crore with gearing ratio at 0.78% and net debt of ₹20.44 crore.
Dividend Declaration and Capital Structure
The Board declared a final dividend of ₹2.50 per share, following an interim dividend of ₹2.50 per share paid earlier, resulting in total dividend payout of ₹119.70 crore for FY26. Key financial ratios showed decline in return on equity (11.21% vs 15.06%) and debt service coverage ratio (15.63x vs 23.11x), while return on investment improved to 5.44% from 2.52%.
53rd Annual General Meeting
The company will hold its 53rd AGM virtually on September 15, 2026, with agenda items including adoption of financial statements, dividend declaration, reappointment of directors (Mr. Kaustubh Narsinh Karmarkar, Mr. Jai Prakash Agarwal as Executive Chairman, and Mr. Vinay Surya as Managing Director), approval for ₹1,000 crore working capital facilities, and ratification of cost auditor remuneration. Remote e-voting will be available through NSDL from September 10-14, 2026.
Regulatory Compliance and Governance
The company paid a fine of ₹7.20 lakh to exchanges for 72 days delay in compliance with SEBI LODR Regulation 17(1) regarding director composition requirements. Corporate governance compliance was certified by auditors, with all board members affirming adherence to the code of conduct. The company has adequate internal financial controls operating effectively and established vigil mechanism policies.
Operational and Segment Details
The business operates in two main segments: steel pipes & strips (76.01% of turnover) and lighting & consumer durables (23.99% of turnover), with exports contributing 13.90% to total turnover. The company employs 3,319 employees across 6 manufacturing facilities and 37 offices nationwide. Material business risks identified include brand reputation, business ethics, energy efficiency, and human rights practices.
Subsidiary and Legal Matters
The wholly-owned subsidiary Surya Roshni LED Lighting Projects Limited had investment value of ₹3.85 crore. Pending litigations include income tax matters totaling ₹72.42 crore across assessment years 2009-14, Maharashtra VAT of ₹0.66 crore, Gujarat GST of ₹0.49 crore, and customs duty cases of ₹8.64 crore.
Auditor's Report and Financial Controls
Ashok Kumar Goyal & Co. issued unqualified opinions on both standalone and consolidated financial statements, confirming no material misstatements and adequate internal financial controls. The company held 21,080 treasury equity shares through Surya Roshni Employees Welfare Trust with an interest-free loan of ₹0.19 crore outstanding.