Financial Performance Highlights

Consolidated FY 2025-26 Results:

  • Revenue from operations: ₹221.85 crore (compared to standalone ₹192.57 crore in FY 2024-25)
  • Profit before tax: ₹83.29 crore (compared to ₹56.00 crore in previous year)
  • Profit after tax: ₹63.07 crore (54% increase from ₹40.55 crore in previous year)
  • Basic EPS: ₹54.70
  • Total equity: ₹489.58 crore
  • Total assets: ₹942.53 crore
  • Final dividend recommended: ₹1 per equity share of face value ₹10

Standalone Performance:

  • Profit attributable to equity holders: ₹6,227.84 lakhs (FY26) vs ₹4,055.39 lakhs (FY25)
  • Revenue from operations: ₹20,919.05 lakhs (8.6% growth from ₹19,257.23 lakhs in FY25)
  • Basic EPS: ₹54.05 (FY26) vs ₹34.55 (FY25)

Operational Metrics (as of March 31, 2026)

  • Telecom towers: 6,008
  • Total tenancies: 7,318
  • Small-cell tenancies: 4,054
  • Government-site tenancies: 1,017
  • Fiber network: 6,307 km (compared to 6,003 km in FY 2024-25)
  • Geographic presence: 26 States and Union Territories
  • Rooftop towers built for BSNL under EPC: 10,000+

Strategic Developments & Subsidiary Integration

  • Lotus Tele Infra acquisition: Completed on March 31, 2025 for ₹13.50 crore, giving Suyog 95% equity interest. The subsidiary owns 120 telecom sites in Delhi-NCR with existing tenancies from Bharti Airtel and Reliance Jio. FY 2025-26 was the first full year of consolidated operations.
  • Board composition: Mr. Sanjeev Thakker appointed as Non-Executive Independent Director effective January 12, 2026, bringing telecom infrastructure expertise.
  • Familiarisation programme: Conducted for Independent Directors covering roles, responsibilities, regulatory requirements, and insider-trading controls.

Related Party Transactions & Governance Matters

Significant Transactions (₹ in Lakhs):

  • Loans to related entities totaling ₹2,644.58 lakhs outstanding
  • Purchases from related parties: ₹114.88 (FY26) vs ₹71.53 (FY25)
  • Remuneration to KMP & relatives: ₹425.50 (FY26) vs ₹396.94 (FY25)
  • Rent payment to Suyog Holding Pvt. Ltd.: ₹180.00 (both years)

Key Related Entities: Suyog Gurbaxani Funicular Ropeways Limited, Gurudev Funicular Ropeway Pvt. Ltd., Suyog Technomatrix (I) Ltd., Supreme Suyog Funicular Ropeways Pvt Ltd, Suyog Holdings Pvt. Ltd., and Lotus Tele Infra Private Limited.

Auditor's Report Emphasis Matters

Standalone Financial Statements:

1. Provisional Revenue Recognition: Revenue relating to telecom tower infrastructure services accounted for on provisional basis pending final reconciliation with telecom operators

2. Related Party Loans: Loans granted to certain related parties during the year, management represents these are at arm's length and recoverable

3. MSME Dues: Identification of MSME vendors and computation of interest on delayed payments subject to ongoing reconciliations

4. Internal Control Weakness: Weakness in internal control design commensurate with growing business size, enhancements implemented

Key Audit Matters: Capitalization of assets and depreciation policies, trade receivables valuation and impairment assessment, revenue recognition policies and provisional revenue.

Corporate Governance & AGM Matters

Board Composition (7 directors): Mr. Shivshankar Lature (Chairman & MD), Ms. Subhashita Lature (Whole-time Director), Mrs. Suchitra Lature (Non-Executive Director), Mr. Anand Kode, Dr. Udaya Shankar Panda, Ms. Aarati Savur, and Mr. Sanjeev Thakker (Independent Directors).

31st Annual General Meeting: September 22, 2026 at 11:30 AM through VC/OAVM

  • Ordinary Business: Adoption of financial statements, re-appointment of Mrs. Suchitra Lature as director, declaration of dividend
  • Special Business: Ratification of Cost Auditor's remuneration, re-appointment of Ms. Subhashita Lature as Whole-Time Director, approval for loans/guarantees to related parties up to ₹40 Crore, approval for remuneration to Mrs. Suchitra Lature

Credit Rating & Regulatory Compliance

  • CRISIL Ratings: BBB/Stable for long-term bank loan facility of ₹150 crore, Short-term rating: A3+
  • Company has complied with all regulatory requirements including SEBI Regulation 34, Companies Act 2013
  • No benami transactions, crypto currency investments, or wilful defaulter status declared

Dividend Information

  • Final dividend recommended: ₹1 per equity share (10%)
  • Record date: September 11, 2026
  • Payment date: On or after September 22, 2026
  • Dividend distribution policy available on company's website