Suraj Estate Developers Ltd

Suraj Estate Developers Limited reported no deviation in the utilization of funds raised through a preferential issue of Rs 343.39 crore during the quarter ended June 30, 2026, according to a filing with the National Stock Exchange of India Limited and BSE Limited. The company, which received Rs 99.75 crore from the issuance of 13,30,000 convertible warrants, forfeited the warrants on April 8, 2026, and confirmed that all proceeds have been utilized as originally stated.

Suraj Estate Developers Limited announced that its Management Committee of the Board of Directors approved the issuance of 1,650 Senior, Secured, Unrated, Unlisted, Redeemable, Taxable, Non-Convertible Debentures with a face value of Rs 10,00,000 each, totaling Rs 165,00,00,000, to eligible investors on a private placement basis.

Suraj Estate Developers Limited will hold a board meeting on August 14, 2026, to consider and approve the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, and to enable a resolution for raising funds through the issuance of equity shares or other convertible securities via methods including private placement, preferential issue, or rights issue. The trading window for company securities for designated persons and insiders has been closed since July 1, 2026, and will remain closed for 48 hours after the declaration of the financial results.

Suraj Estate Developers Limited will seek to raise up to Rs 165,00,00,000 through a private placement of Senior, secured, Unrated, Unlisted, redeemable, taxable, non-convertible debentures, each with a face value of Rs 10,00,000, the company said in a filing on August 5, 2026, adding that a meeting of the Management Committee of the Board of Directors is scheduled for August 10, 2026, to consider and approve the fundraising.

Suraj Estate Developers Limited will seek approval from its Management Committee on August 10, 2026, to raise up to Rs 165,00,00,000 through a private placement of Senior, secured, Unrated, Unlisted, redeemable, taxable, non-convertible debentures with a face value of Rs 10,00,000 each, according to a regulatory filing.

Net profit of Suraj Estate Developers declined 41.22% to Rs 10.75 crore in the quarter ended March 2026 as against Rs 18.29 crore during the previous quarter ended March 2025. Sales declined 27.62% to Rs 98.78 crore in the quarter ended March 2026 as against Rs 136.48 crore during the previous quarter ended March 2025. For the full year,net profit declined 9.86% to Rs 90.28 crore in the year ended March 2026 as against Rs 100.16 crore during the previous year ended March 2025. Sales rose 1.23% to Rs 555.86 crore in the year ended March 2026 as against Rs 549.09 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales98.78136.48 -28 555.86549.09 1 OPM %50.4522.05 -39.1736.91 - PBDT20.2326.78 -24 130.41141.03 -8 PBT19.0226.00 -27 125.74136.06 -8 NP10.7518.29 -41 90.28100.16 -10 Powered by Capital Market - Live

Net profit of Suraj Estate Developers declined 13.38% to Rs 8.29 crore in the quarter ended March 2026 as against Rs 9.57 crore during the previous quarter ended March 2025. Sales declined 62.28% to Rs 49.10 crore in the quarter ended March 2026 as against Rs 130.16 crore during the previous quarter ended March 2025. For the full year,net profit declined 20.33% to Rs 76.88 crore in the year ended March 2026 as against Rs 96.50 crore during the previous year ended March 2025. Sales declined 20.26% to Rs 404.10 crore in the year ended March 2026 as against Rs 506.79 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales49.10130.16 -62 404.10506.79 -20 OPM %54.544.00 -30.2428.30 - PBDT16.3715.22 8 111.10135.50 -18 PBT15.2214.04 8 106.83130.87 -18 NP8.299.57 -13 76.8896.50 -20 Powered by Capital Market - Live

Suraj Estate Developers will hold a meeting of the Board of Directors of the Company on 30 May 2026.

The realtor has acquired a piece and parcel of land for an acquisition cost of Rs 8.53 crore plus an area of 2,200 sq ft to be handed over to land owners thus leading to total acquisition cost of around Rs 18.00 crore (on the basis of acquisition cost plus stamp duty market value of area to be handed over to land owners plus stamp duty cost). The project is expected to strengthen the company's near-to-medium term upcoming projects pipeline and further consolidate its presence in its core operating micro-market of South-Central Mumbai. Rahul Thomas, whole-time director, Suraj Estate Developers, said, 'This acquisition marks another significant step in strengthening our development pipeline within our core SouthCentral Mumbai markets. The Dadar micro-market continues to demonstrate strong demand fundamentals supported by excellent connectivity and established social infrastructure. With an estimated GDV of approximately Rs 100 crore, the project bolsters our portfolio of upcoming projects thereby enhancing our medium-term revenue visibility.' Suraj Estate Developers develops real estate across the residential and commercial sectors in South Central Mumbai region. The company has a residential portfolio located in the markets of Mahim, Dadar, Prabhadevi and Parel. The company's consolidated net profit jumped 25.9% to Rs 25.15 crore on 6% rise in net sales to Rs 180.05 crore in Q3 FY26 over Q3 FY25. The counter jumped 4.45% to settle at Rs 227.50 on the BSE.

Suraj Estates has acquired a piece and parcel of land for an acquisition cost of Rs 8.53 crore plus an area of 2,200 sq ft to be handed over to land owners thus leading to total acquisition cost of Rs 18 crore (on the basis of acquisition cost plus stamp duty market value of area to be handed over to land owners plus stamp duty cost). The said plot is situated at G/North ward, Dadar (West), which is one of Mumbai's established micro-markets characterized by strong demand fundamentals, excellent connectivity, and proximity to key commercial districts such as Lower Parel, Worli and Bandra Kurla Complex. Suraj Estate Developers intends to undertake redevelopment the plot of land with sale carpet area of ~ 0.18 lakhs sq ft with an estimated Gross Development Value (GDV) of approximately Rs 100 crore. The project is expected to strengthen the Company's near-to-medium term upcoming projects pipeline and further consolidate its presence in its core operating micro-market of South-Central Mumbai.