Susan Electricals India Ltd

Susan Electricals India Limited held an Extra-Ordinary General Meeting on Thursday, September 3, 2026, where shareholders approved the Susan Electricals India Limited - Employees Stock Option Plan, 2026 (“SEIL ESOP 2026”) and a resolution to extend the benefits of the plan to employees of its holding company, subsidiary companies, associate companies, and group companies. The company also approved the appointment of Mr. Charan Singh as an Additional Director, and noted that its shares were listed on the BSE SME Platform on June 18, 2026.

Susan Electricals India Limited will seek shareholder approval on August 7, 2026, in New Delhi for two key resolutions. The first is to approve a Share-Based Employee Benefits (ESOP) plan, the SEIL ESOP, 2026, designed to attract and retain employees, though details of the plan’s structure are not included in this excerpt. The second resolution concerns the appointment of Mr. Charan Singh as an Additional Director; he brings over 37 years of experience in the banking and financial sector, including roles at UCO Bank, Bank of India, and the National Company Law Tribunal. Mr. Singh currently holds directorships at Century Extrusions Ltd and ASAR IMF & Financial Services Private Limited and will receive no remuneration beyond standard sitting fees. Both resolutions require shareholder approval as Special Resolutions.

Susan Electricals India Limited will hold a board meeting on August 14, 2026, at 4:00 PM to consider and approve the unaudited standalone financial results for the quarter ended June 30, 2026, which will be subject to limited review by the company's statutory auditors.

Susan Electricals India Limited informed the BSE Limited that it has voluntarily opted to submit unaudited financial results for the quarter ended June 30, 2026, and consequently, the trading window for dealing in the company's listed securities will be closed for designated persons and their immediate relatives from July 30, 2026, until 48 hours after the results are declared.

Susan Electricals India Limited will hold a board meeting on August 7, 2026, to consider and approve the Susan Electricals India Limited -Employee Stock Option Plan, 2026 (SEIL-ESOP 2026), incorporation of “Susan Foundation” and investment therein, and to convene an Extraordinary General Meeting of the company on September 3, 2026.

The scrip was listed at Rs 186, a 46.46% premium the initial public offer (IPO) price. The stock is currently frozen at its upper limit of 5% over its listing price. The counter hit a high of Rs 195.30 and a low of Rs 180.60. About 29.19 shares of the company changed hands at the counter. Susan Electricals India's IPO was subscribed 192.06 times. The issue opened for bidding on 11 June 2026 and it closed on 15 June 2026. The price band of the IPO was fixed between Rs 120 to Rs 127 per share. The IPO comprised a fresh issue of 47,42,000 shares and an offer for sale (OFS) of 8,00,000 shares by existing shareholders. The company intends to utilise the net proceeds for funding of capital expenditure towards expansion of the existing manufacturing facility situated in Uttar Pradesh, funding of working capital requirements and general corporate purposes. Ahead of the IPO, Susan Electricals India on 10 June 2026, raised Rs 19.34 crore from anchor investors. The board allotted 15.23 lakh shares at Rs 127 per share to 5 anchor investors. Susan Electricals India manufactures aluminium and copper-based electrical winding wires, conductors and power cables used in transformers, motors, alternators and power distribution networks. Its product range includes winding wires and strips, aluminium stranded conductors, LT and HT power cables, PVC and XLPE insulated cables, and aerial bunched cables. The company serves state-owned power distribution companies (DISCOMs), infrastructure and EPC firms, and businesses in the electrical equipment sector. In addition to manufacturing, it trades aluminium wires and rods and provides job-work services for winding wires and strips. Susan Electricals operates three manufacturing facilities in Ghaziabad, Uttar Pradesh, and sold its products across seven states during FY26, including Uttar Pradesh, Jharkhand, Madhya Pradesh and Karnataka. As of 30 April 2026, the company had 216 permanent employees. The company recorded revenue from operations of Rs 269.35 crore and net profit of Rs 18.25 crore for the period ended 31 March 2026. Powered by Capital Market - Live