Suraj Estate Developers Limited (SURAJEST) — Board Meeting

📢 Key Event
Board approved audited financial results and auditor appointments for FY 2026-27.

🔄 What Changed
Unmodified auditor opinion confirmed; share warrant forfeiture of ₹3.49 crore transferred to capital reserves.

🔮 What's Next
None

💡 Investor Takeaway
The unmodified audit opinion and reappointed auditors signal financial accuracy and governance stability, supporting investor confidence in reported results.

Suraj Estate Developers Limited announced the outcome of its May 30, 2026 board meeting, approving audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, along with unmodified auditor opinions from SKLR & Co. LLP (FRN: W100362). The results include total assets of [amount not verified], profit before tax of ₹10,683.13 lakhs, and net cash used in operating activities of ₹2,316.96 lakhs. Reappointed auditors include Ankit Kishor Chande as cost auditor (subject to shareholder approval) and Motilal & Associates LLP as internal auditor. A declaration under SEBI Regulation 33(3)(d) was filed, confirming no accounting impact from New Labour Codes and forfeiture of share warrants amounting to [amount not verified] transferred to capital reserves. The board resolution, signed on May 30, 2026, validated audit committee approval and auditor’s unmodified opinion, reinforcing governance compliance and financial transparency.

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