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Surana Telecom and Power Limited (SURANAT&P)

📊 NSE: SURANAT&P 🏢 Power Generation And Supply 📅 Last Updated: 12/14/2025 13:57

📢 Recent Corporate Announcements

Surana Telecom & Power Schedules 37th AGM for Sept 29, 2026; Releases FY26 Annual Report

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 04 Sep 2026, 07:34 PM

Surana Telecom and Power Limited has released its FY 2025-26 Annual Report and announced its 37th Annual General Meeting (AGM) scheduled for September 29, 2026, via video conferencing. The remote e-voting window is set from September 26, 2026, to September 28, 2026. The disclosures include notes to the balance sheet showing trade receivables credit exposure increased to Rs 41.58 Cr (Rs 4,158.33 Lakhs) as of March 31, 2026, from Rs 0.89 Cr (Rs 88.54 Lakhs) in the prior year.

37th AGM scheduled to be held on September 29, 2026, at 11:00 AM IST via Video Conferencing
Remote e-voting period opens September 26, 2026 (9:00 AM IST) and closes September 28, 2026 (5:00 PM IST)
Maximum trade receivable credit risk exposure stood at Rs 4,158.33 Lakhs as of March 31, 2026, compared to Rs 88.54 Lakhs in March 31, 2025
Paid-up equity share capital remains unchanged at 13,57,59,963 equity shares of Re 1 each (Rs 1,357.60 Lakhs)

💡 Shareholders may cast votes via KFin Technologies during the e-voting period (Sept 26-28, 2026) and track management commentary on renewable and infrastructure segments during the AGM.

Surana Telecom Issues 37th AGM Notice; Proposes ₹35 Cr RPT Limit & MD Pay Cap of ₹3 Cr

🟡 NEUTRAL ⭐ 4/10

ROUTINE 📅 04 Sep 2026, 07:27 PM

Surana Telecom and Power Limited has scheduled its 37th Annual General Meeting (AGM) for September 29, 2026, via Video Conferencing. Key agenda items include shareholder approval for material Related Party Transactions (RPTs) involving loans, guarantees, or investments up to ₹35 crore (representing ~58% of TTM revenue of ₹60 crore). The company also seeks approval to revise the remuneration cap for Managing Director Mangilal Narender Surana to ₹3.00 crore per annum effective October 1, 2026, and reappoint Shri Rangarajan Venkataramanan Thiruvaiyar as Whole-Time Director at ₹48,400 per month.

37th AGM scheduled for September 29, 2026, with cut-off date on September 22, 2026, and e-voting from September 26 to 28, 2026
Omnibus approval sought for material Related Party Transactions (loans/guarantees/investments) up to ₹3,500 lakh (₹35 crore)
Proposed revision of Managing Director Mangilal Narender Surana's annual remuneration limit to ₹3,00,00,000 (₹3 crore)
Re-appointment of Shri Rangarajan Venkataramanan Thiruvaiyar as Whole-Time Director for 3 years at ₹48,400 per month

💡 Track shareholder voting results post-AGM on September 29, 2026, particularly regarding the ₹35 crore RPT authorization and executive remuneration limits.

Surana Telecom Proposes MD Remuneration Hike to ₹3 Cr/Year, Appoints New CS & Sets AGM Date

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 27 Aug 2026, 01:58 PM

Surana Telecom and Power Limited held a Board meeting on August 27, 2026, approving the notice for its 37th AGM scheduled for September 29, 2026. The Board approved an increase in Managing Director Mangilal Narender Surana's annual remuneration from ₹2.00 crore to ₹3.00 crore, effective October 1, 2026, subject to shareholder approval. Additionally, Company Secretary & Compliance Officer Ms. Arcot Ganeshan Monisha resigned effective September 5, 2026, and Mr. Ankit Pansari was appointed to the role effective September 6, 2026.

Proposed hike in MD annual remuneration by 50% from ₹2,00,00,000 to ₹3,00,00,000 effective October 1, 2026, subject to member approval
37th Annual General Meeting scheduled for Tuesday, September 29, 2026, via Video Conferencing
Share transfer book closure fixed from September 23, 2026, to September 29, 2026, with cut-off date on September 22, 2026
Appointment of Mr. Ankit Pansari as CS & Compliance Officer w.e.f. September 6, 2026, succeeding Ms. Arcot Ganeshan Monisha

💡 Track voting outcomes on shareholder resolutions, particularly the MD remuneration revision, at the 37th AGM on September 29, 2026.

Surana Telecom & Power: AGM on Sep 29; MD Remuneration Proposed to Increase to ₹3 Cr/Year

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 27 Aug 2026, 01:45 PM

Surana Telecom and Power Limited has scheduled its 37th Annual General Meeting (AGM) for September 29, 2026, with the cut-off date for e-voting set as September 22, 2026. The Board approved an increase in remuneration for Managing Director Mangilal Narender Surana from ₹2.00 Cr to ₹3.00 Cr per annum effective October 1, 2026, subject to shareholder approval. Additionally, Company Secretary Ms. Arcot Ganeshan Monisha resigned effective September 5, 2026, and Mr. Ankit Pansari was appointed in her place effective September 6, 2026.

37th AGM scheduled for September 29, 2026; cut-off date for e-voting set as September 22, 2026
Share transfer books and register of members closed from September 23 to September 29, 2026
MD remuneration proposed to increase by ₹1.00 Cr to ₹3.00 Cr per annum from October 1, 2026
Mr. Ankit Pansari appointed as Company Secretary and Compliance Officer effective September 6, 2026

💡 Track voting outcomes at the upcoming 37th AGM on September 29, 2026, specifically regarding shareholder approval for the MD remuneration revision.

Surana Telecom & Power: AGM on Sep 29, 2026; Proposes MD Remuneration Hike to ₹3 Cr/year

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 27 Aug 2026, 01:41 PM

Surana Telecom and Power Limited announced that its 37th Annual General Meeting (AGM) will be held on September 29, 2026, with the e-voting cut-off date set for September 22, 2026. The Board approved an increase in Managing Director Shri Mangilal Narender Surana's annual remuneration from ₹2.00 crore to ₹3.00 crore, effective October 1, 2026, subject to shareholder approval. Furthermore, Ms. Arcot Ganeshan Monisha resigned as Company Secretary and Compliance Officer effective September 5, 2026, and Mr. Ankit Pansari has been appointed to the role starting September 6, 2026.

37th AGM scheduled for September 29, 2026 via Video Conferencing.
Proposed increase in MD remuneration from ₹2,00,00,000 to ₹3,00,00,000 per annum w.e.f. October 1, 2026, subject to shareholder approval.
Cut-off date for e-voting fixed for September 22, 2026; book closure from September 23 to September 29, 2026.
Mr. Ankit Pansari appointed Company Secretary & Compliance Officer w.e.f. September 6, 2026, replacing Ms. Arcot Ganeshan Monisha.

💡 Shareholders should track the AGM notice and cast votes on the proposed ordinary and special resolutions prior to the September 22, 2026 cut-off date.

Surana Telecom Appoints Ankit Pansari as CS; MD Remuneration Proposed to Rise to ₹3 Cr/Year

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 27 Aug 2026, 01:27 PM

Surana Telecom and Power Limited's Board approved the appointment of Mr. Ankit Pansari as Company Secretary and Compliance Officer effective September 6, 2026, following the resignation of Ms. Arcot Ganeshan Monisha effective September 5, 2026. Additionally, the Board recommended an increase in the remuneration of Managing Director Shri Mangilal Narender Surana from ₹2.00 crore to ₹3.00 crore per annum effective October 1, 2026, subject to shareholder approval. The company's 37th Annual General Meeting is scheduled for September 29, 2026.

Appointment of Mr. Ankit Pansari as Company Secretary & Compliance Officer w.e.f. September 6, 2026
Resignation of Ms. Arcot Ganeshan Monisha as Company Secretary & Compliance Officer w.e.f. close of business hours on September 5, 2026
Proposed increase in MD remuneration from ₹2,00,00,000 to ₹3,00,00,000 per annum w.e.f. October 1, 2026
37th Annual General Meeting scheduled for September 29, 2026, with cut-off date for e-voting fixed on September 22, 2026

💡 Track voting outcomes at the 37th AGM on September 29, 2026, particularly regarding the approval of the revised Managing Director remuneration.

Surana Telecom & Power: CS Change Approved; Proposed MD Remuneration Hike to ₹3 Cr

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 27 Aug 2026, 01:25 PM

Surana Telecom and Power Limited's Board has accepted the resignation of Company Secretary and Compliance Officer Ms. Arcot Ganeshan Monisha effective September 5, 2026, and appointed Mr. Ankit Pansari in her place effective September 6, 2026. The Board also approved an increase in Managing Director Shri Mangilal Narender Surana's annual remuneration from ₹2.00 crore to ₹3.00 crore with effect from October 1, 2026, subject to shareholder approval. The company's 37th Annual General Meeting is scheduled for September 29, 2026, with a voting cut-off date of September 22, 2026.

Resignation of CS & Compliance Officer Ms. Arcot Ganeshan Monisha w.e.f. September 5, 2026.
Appointment of Mr. Ankit Pansari as new CS, Compliance Officer, and Nodal Officer w.e.f. September 6, 2026.
Proposed increase in MD remuneration from ₹2.00 crore to ₹3.00 crore per annum w.e.f. October 1, 2026.
37th AGM convened for September 29, 2026, with cut-off date fixed as September 22, 2026.

💡 Track voting outcomes at the upcoming AGM on September 29, 2026, particularly regarding shareholder approval for the proposed increase in executive remuneration.

Surana Telecom Proposes 50% MD Pay Hike to ₹3 Cr/Yr, Schedules 37th AGM for Sept 29

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 27 Aug 2026, 01:11 PM

Surana Telecom and Power Limited announced the outcome of its board meeting held on August 27, 2026. The Board approved the notice for the 37th AGM scheduled on September 29, 2026, with the e-voting cut-off date set as September 22, 2026. Crucially, the Board approved a 50% increase in Managing Director Mangilal Narender Surana's remuneration from ₹2.00 Cr to ₹3.00 Cr per annum effective October 1, 2026, subject to shareholder approval. Additionally, Mr. Ankit Pansari was appointed as Company Secretary & Compliance Officer following the resignation of Ms. Arcot Ganeshan Monisha.

Proposed increase in MD Mangilal Narender Surana's annual remuneration from ₹2,00,00,000 to ₹3,00,00,000 (+50%) effective October 1, 2026.
37th Annual General Meeting scheduled for Tuesday, September 29, 2026 via Video Conferencing.
Cut-off date for e-voting fixed as September 22, 2026; book closure from September 23 to September 29, 2026.
Mr. Ankit Pansari appointed as Company Secretary & Compliance Officer effective September 6, 2026, replacing Ms. Arcot Ganeshan Monisha.

💡 Track voting results on the MD remuneration hike resolution at the 37th AGM on September 29, 2026.

₹11 Cr PAT in Q1 FY27, Driven by ₹8.74 Cr Asset Sale Profit

🟡 NEUTRAL ⭐ 7/10

EARNINGS 📅 07 Aug 2026, 11:38 AM

Surana Telecom and Power reported a consolidated PAT of ₹11.00 Cr for Q1 FY27, a significant jump from ₹2.45 Cr in Q1 FY26. However, this performance was primarily driven by 'Other Income' of ₹11.68 Cr, which includes a one-time profit of ₹8.74 Cr from the sale of assets. Revenue from operations actually declined 15.6% YoY to ₹3.49 Cr. Additionally, the company divested a 49% stake in its subsidiary, Bhagyanagar Solar Private Limited, during the quarter.

Consolidated PAT increased to ₹11.00 Cr from ₹2.45 Cr in the year-ago period.
Other Income of ₹11.68 Cr includes a non-recurring profit of ₹8.74 Cr from asset sales.
Revenue from operations fell to ₹3.49 Cr, down from ₹4.14 Cr in Q1 FY26 and ₹23.86 Cr in Q4 FY26.
Divested 49% equity stake in subsidiary Bhagyanagar Solar Private Limited.
Renewable Energy (Solar) segment contributed ₹3.01 Cr to consolidated revenue.

💡 Investors should look past the headline PAT growth and focus on the declining operational revenue, which fell sharply compared to previous quarters. Watch for how the company redeploys capital from asset sales and the impact of the partial divestment of its solar subsidiary on future cash flows.

Surana Telecom Submits Quarterly SEBI Compliance Certificate for June 30, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 07 Jul 2026, 03:54 PM

Surana Telecom and Power Limited has filed its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The document, issued by KFin Technologies Limited (the company's Registrar and Share Transfer Agent), confirms that share certificates received for dematerialization during the quarter ended June 30, 2026, have been processed. This is a standard procedural filing required by all listed companies in India to verify the integrity of electronic shareholding records. There is no impact on the company's financial performance or business operations.

Compliance certificate covers the quarter ended June 30, 2026
Certificate issued by KFin Technologies Limited on July 1, 2026
Confirms compliance with Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018
Official submission to NSE and BSE occurred on July 7, 2026

💡 No action is required as this is a routine administrative filing confirming the company's adherence to standard SEBI reporting timelines.

Surana Telecom & Power FY26 Net Profit at ₹24.68 Cr; Clarifies NSE Filing Discrepancies

🟡 NEUTRAL ⭐ 6/10

REGULATORY 📅 25 Jun 2026, 12:45 PM

Surana Telecom and Power Limited provided clarifications to the NSE regarding clerical errors in its FY26 financial results, including missing headers in cash flow statements and XBRL filing gaps. For the full year ended March 31, 2026, the company reported a total income of ₹92.21 crore, a 108% increase YoY, primarily driven by trading revenue and a one-time asset sale profit of ₹23.41 crore. Despite the revenue jump, net profit remained flat at ₹24.68 crore compared to ₹24.54 crore in the previous year. The company also reported asset impairment losses in its solar subsidiaries due to dismantling unviable plants.

Total income for FY26 surged to ₹92.21 crore from ₹44.19 crore in FY25, driven by trading and other income.
Net profit for the year stood at ₹24.68 crore, heavily supported by a ₹23.41 crore profit from the sale of assets.
Trading & Others segment revenue grew significantly to ₹50.76 crore, while Renewable Energy revenue fell to ₹3.27 crore.
Company clarified that filing delays were due to technical portal issues and clerical errors in Excel formatting.
Investment value in subsidiaries was reduced by approximately ₹4.54 crore following the dismantling of unviable solar plants.

💡 Investors should be cautious as the current year's profit is significantly bolstered by one-time asset sales rather than core operational growth. Monitor the company's ability to scale its renewable energy segment, which saw a decline in revenue this year.

Surana Telecom and Power to Close Trading Window from July 1, 2026 for Q1 Results

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 24 Jun 2026, 04:11 PM

Surana Telecom and Power Limited has announced the closure of its trading window effective July 1, 2026. This closure is in compliance with SEBI Insider Trading regulations ahead of the declaration of unaudited financial results for the quarter ending June 30, 2026. The window will remain closed for all designated persons until 48 hours after the results are made public. This is a standard regulatory procedure for listed companies in India.

Trading window closure starts on July 1, 2026, for the quarter ending June 30, 2026
Restriction applies to all Directors, Connected Persons, and Designated Persons under the Company Code
Window to reopen 48 hours after the official declaration of unaudited financial results
Board meeting date for result approval to be intimated separately

💡 No action is required as this is a routine regulatory filing. Investors should watch for the upcoming board meeting date to assess the company's Q1 financial performance.

Surana Telecom to Divest 49% Stake in Bhagyanagar Solar for Rs 1.14 Crore

🟡 NEUTRAL ⭐ 6/10

M&A 📅 19 May 2026, 05:13 PM

Surana Telecom and Power Limited has approved the sale of a 49% equity stake in its wholly-owned subsidiary, Bhagyanagar Solar Private Limited, to Lakhanlal Anand Kumar Trade Private Limited. The transaction is valued at Rs 1.14 crore and is expected to be completed by June 20, 2026. Following the sale, Bhagyanagar Solar will cease to be a wholly-owned subsidiary but will remain a subsidiary of the company. Notably, the subsidiary has not yet commenced operations and contributed zero to the parent company's turnover or net worth in the last financial year.

Divestment of 49% equity stake in Bhagyanagar Solar Private Limited for Rs 1.14 crore
The buyer is Lakhanlal Anand Kumar Trade Private Limited, a non-promoter entity
Bhagyanagar Solar has zero contribution to current turnover as operations are yet to commence
The transaction is expected to be completed tentatively by June 20, 2026

💡 Investors should view this as a minor capital restructuring of a non-operational unit. Monitor the company's core telecom and power segments for more significant value drivers.

Surana Telecom Re-appoints R.V. Thiruvaiyar as Whole-time Director for 3 Years

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 19 May 2026, 05:02 PM

Surana Telecom and Power Limited has approved the re-appointment of Shri Rangarajan Venkataramanan Thiruvaiyar as a Whole-time Director for a further period of three years. The new term will commence on August 9, 2026, following the recommendation of the Nomination and Remuneration Committee. Mr. Thiruvaiyar has been associated with the company for 40 years, bringing significant experience in the ferrous and telecom industries. The appointment is subject to shareholder approval and ensures leadership continuity within the firm.

Re-appointment of R.V. Thiruvaiyar as Whole-time Director for a 3-year tenure
New term is effective from August 9, 2026, pending shareholder approval
Director brings over 4 decades (40 years) of experience in telecom and ferrous industries
The appointee is not related to any other Director on the Board of the Company
Board affirmation provided that the director is not debarred by any SEBI order

💡 As this is a routine re-appointment of a long-term veteran, no immediate action is required; investors should focus on the company's upcoming quarterly performance.

Surana Telecom FY26 Revenue Surges 557% to ₹54.03 Cr; Board to Disinvest 49% in Solar Unit

🔵 WATCH ⭐ 7/10

EARNINGS 📅 19 May 2026, 01:50 PM

Surana Telecom and Power Limited reported a significant jump in annual revenue for FY26 to ₹54.03 Cr, compared to ₹8.22 Cr in FY25, primarily driven by its trading segment. Despite the revenue surge, annual Net Profit remained nearly flat at ₹24.68 Cr as the company recognized a one-time profit of ₹23.41 Cr from asset sales in Q4. The company is undergoing restructuring, including the dismantling of unviable solar plants in subsidiaries and the board's approval to disinvest up to 49% of its stake in Bhagyanagar Solar Private Limited.

Annual Revenue from operations grew by 557% YoY to ₹5,403.30 Lakhs in FY26.
Q4 FY26 Other Income included a one-time profit of ₹2,340.66 Lakhs from the sale of assets.
Board approved disinvestment of up to 49% equity stake in Bhagyanagar Solar Private Limited.
Renewable Energy segment revenue declined from ₹490.58 Lakhs in FY25 to ₹327.41 Lakhs in FY26.
Total borrowings increased significantly to ₹7,208.13 Lakhs as of March 31, 2026, from ₹934.47 Lakhs in the previous year.

💡 Investors should exercise caution as the current year's profitability is heavily supported by one-time asset sales rather than core operational growth in the renewable segment. Monitor the progress of the 49% stake sale in the solar subsidiary and the sustainability of the new trading-led revenue model.

View All SURANAT&P Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

The Infra & Others segment grew by 347.7% YoY to INR 855.19 Lakhs in H1 FY26, while the Renewable Energy (Solar) segment experienced a 9.5% decline to INR 495.84 Lakhs compared to INR 547.89 Lakhs in H1 FY25.

Geographic Revenue Split

The company operates in both domestic and overseas markets; however, the specific percentage split between regions is not disclosed in the available documents.

Profitability Margins

The Net Profit Margin for FY25 was 298.67%, a significant increase from 49.18% in FY24. For H1 FY26, the consolidated Net Profit was INR 261.56 Lakhs, representing a 29.8% decline from INR 372.89 Lakhs in H1 FY25.

EBITDA Margin

Consolidated Segment Results (Profit before tax and interest) for H1 FY26 was INR 85.90 Lakhs, up 78.9% from INR 48.01 Lakhs in H1 FY25, though overall net profitability was impacted by lower other income.

Capital Expenditure

Historical depreciation and amortization for H1 FY26 was INR 106.46 Lakhs compared to INR 207.25 Lakhs in H1 FY25; specific planned future CapEx in INR Cr is not disclosed.

Credit Rating & Borrowing

The company maintains a 'Stable' outlook from CARE Ratings (as of November 08, 2023). Finance costs for H1 FY26 were INR 10.66 Lakhs, an increase of 9% from INR 9.78 Lakhs in H1 FY25.

⚙️ Operational Drivers

Raw Materials

Key raw materials include petroleum-based inputs for Petroleum Jelly and components for Telecom Jointing Kits; specific percentage of total cost per material is not disclosed.

Import Sources

Not specifically disclosed, though the company notes exposure to global demand/supply conditions and domestic markets.

Capacity Expansion

Current and planned capacity in MW or MT is not specified, though the company operates in the Renewable Energy (Solar) and Infrastructure sectors.

Raw Material Costs

Cost of Traded Goods for H1 FY26 was INR 650.57 Lakhs, representing approximately 48.1% of consolidated revenue, compared to just INR 27.75 Lakhs in H1 FY25.

Manufacturing Efficiency

Inventory turnover improved significantly, with inventory days dropping from 20 days in FY24 to 0 days in FY25, indicating a shift in operational model or liquidation of stock.

📈 Strategic Growth

Expected Growth Rate

82.80%

Growth Strategy

Growth is being driven by a massive expansion in the Infrastructure segment (347.7% growth in H1 FY26). The company is pivoting from its historical focus on petro/telecom products toward renewable energy and infrastructure services to capture market demand.

Products & Services

Solar power generation, Infrastructure services, Petroleum Jelly, and Telecom Jointing Kits.

Brand Portfolio

Surana Telecom and Power.

New Products/Services

The company has transitioned from manufacturing petro products to renewable energy and infrastructure; specific new product revenue contributions are not quantified.

Market Expansion

The company targets both domestic and overseas markets for its products and services.

Strategic Alliances

The group includes four subsidiaries and one associate company, Surana Solar Limited.

🌍 External Factors

Industry Trends

The industry is shifting toward renewable energy; the company's solar segment currently faces profitability challenges with a segment loss of INR 57.29 Lakhs in H1 FY26, while the infrastructure sector is showing rapid growth.

Competitive Landscape

The company operates in highly competitive sectors including solar power and infrastructure where pricing is largely market-driven.

Competitive Moat

The company relies on its long-standing presence since 1989 and diversification into infrastructure; however, it faces high competition and regulatory sensitivity in the solar space.

Macro Economic Sensitivity

Highly sensitive to global and domestic economic developments and demand/supply conditions affecting the price of finished goods.

Consumer Behavior

Demand is driven by government and industrial shifts toward green energy and infrastructure development.

Geopolitical Risks

Operations are subject to global demand/supply conditions and changes in international trade environments.

⚖️ Regulatory & Governance

Industry Regulations

Operations are governed by government regulations affecting solar tariffs, infrastructure project norms, and petroleum product standards.

Environmental Compliance

Not specifically quantified in INR, but the company operates in the renewable energy sector which is subject to environmental norms.

Taxation Policy Impact

The company is subject to changes in Indian tax laws; H1 FY26 tax expense was INR 80.97 Lakhs on a consolidated PBT of INR 342.53 Lakhs (~23.6% effective rate).