Surya Roshni Limited (NSE:SURYAROSNI) filed an exchange notice on 19 August 2026 announcing its 53rd Annual General Meeting, to be held on 15 September 2026 at 12:00 noon IST via Video Conferencing, along with the submission of the company's Annual Report for FY 2025-26.
Key Highlights
- The 53rd AGM is scheduled for Tuesday, 15 September 2026 at 12:00 noon IST, to be conducted via Video Conferencing or Other Audio-Visual Means.
- Shareholders will be asked to declare a final dividend of Rs 2.50 per equity share for the financial year ended 31 March 2026.
- The AGM notice proposes a special resolution to authorise creation of mortgage, charge, or hypothecation on company assets to secure working capital facilities of up to Rs 1,000 crore.
- Re-appointment of Mr. Jai Prakash Agarwal as Executive Chairman for five years from 1 January 2027, and Mr. Vinay Surya as Managing Director for five years from 26 October 2026, are also on the agenda.
About the Company
Surya Roshni Limited (NSE:SURYAROSNI) is a Haryana-based manufacturer of lighting products, steel pipes, and tubes. Incorporated in 1973 and headquartered in Bahadurgarh, Haryana, the company operates manufacturing facilities producing LED lamps, luminaires, GI pipes, and MS pipes. It serves both domestic and export markets across the lighting and steel sectors.
Announcement in Detail
The notice, filed pursuant to Regulations 30 and 34 of SEBI (LODR) Regulations 2015 and signed by CFO and Company Secretary B. B. Singal, covers six substantive agenda items. Ordinary business includes adoption of audited standalone and consolidated financial statements for FY 2025-26, declaration of a final dividend of Rs 2.50 per equity share, and re-appointment of Mr. Kaustubh Narsinh Karmarkar (DIN-00288642), who retires by rotation.
Special business includes a resolution under Section 180(1)(a) of the Companies Act, 2013, to authorise creation of security interests on company assets for working capital borrowings up to Rs 1,000 crore. Members will also ratify a cost auditor remuneration of Rs 7,50,000 plus taxes payable to M/s R J Goel and Co. for FY 2026-27, and vote on re-appointments of the Executive Chairman and Managing Director for five-year terms each.
Impact on Investors
Investors will note that the proposed final dividend of Rs 2.50 per equity share for FY 2025-26 is subject to shareholder approval at the AGM; it is not yet declared. The disclosed terms indicate that eligibility will be determined based on the record date to be announced separately. Shareholders should review the Annual Report filed alongside the AGM notice to assess the full financial position for FY 2025-26 before the meeting.
The filing shows that the special resolution to create security interests on company assets for working capital borrowings of up to Rs 1,000 crore is a statutory requirement under the Companies Act, 2013, rather than a new borrowing programme. Shareholders will observe that both key managerial re-appointments, if approved, would extend leadership continuity through October 2031 and December 2031 respectively, as disclosed in the AGM notice.
Sector / Market Context
India's lighting and steel pipe sectors continue to draw from infrastructure spending programmes. The steel tubes and pipes segment benefits from urban infrastructure, housing, and irrigation projects under central government schemes. The Bureau of Energy Efficiency has also progressively tightened efficiency standards for lighting products in India, a regulatory backdrop that shapes product development priorities for manufacturers such as Surya Roshni across their dual-segment operations.