Suraj Estate Developers to Approve Q2 and Half-Year Results at 31 October Board Meeting

What has happened

Suraj Estate Developers Limited has given notice that its board will meet on 31 October 2026. The meeting will consider and approve unaudited standalone and consolidated financial results for the quarter and half year ended 30 September 2026. The notice appeared on the exchange listing page dated 23 October 2026.

This is a scheduling notice. The results themselves have not yet been released, so no current-quarter sales, revenue or profit figures are available.

Trading window and what it means

The company's trading window has been closed since 1 October 2026. Under insider trading rules, a trading window is the period when company insiders may deal in the company's shares. It is normally closed ahead of results so that people with unpublished price-sensitive information cannot trade on it. The window reopens after the results are announced. The sources do not give a fixed date for that.

Board decisions on 14 August 2026

At its 14 August 2026 meeting, the board approved unaudited standalone and consolidated results for the quarter ended 30 June 2026. The limited review report from statutory auditors SKLR & Co. LLP carried an unmodified opinion. The same meeting took three further decisions:

• Re-appointment of Rajan Meenathakonil Thomas as Managing Director for five years from 1 October 2026.
• Re-appointment of Rahul Rajan Jesu Thomas as Whole Time Director for five years from 1 November 2026.
• An enabling resolution to raise up to Rs 500 crore through various equity-linked instruments.

The director re-appointments and the fundraising authority are subject to regulatory and shareholder approvals. The company's 40th AGM, held on 30 September 2026, reported all nine resolutions as passed. These covered management re-appointments and authorisations for capital-raising and borrowing.

Year-ago comparison

When the company reported its second quarter of FY26 in October 2025, its shares rose 13.9% on the day. For the quarter ended 30 September 2025, consolidated net profit was Rs 33.1 crore, up 4% from Rs 31.8 crore a year earlier. Revenue from operations was Rs 144.6 crore, up 32.5% from Rs 109.1 crore, and total income was Rs 145.4 crore.

These are the figures the new quarter will be compared against.

Background: a South Central Mumbai developer

Suraj Estate Developers describes itself as a developer focused on the South Central Mumbai market, with a specialisation in redevelopment projects. The company has been in the real estate business since 1986, with residential and commercial development in the area. Its residential portfolio is in Mahim, Dadar, Prabhadevi and Parel.

Recent land activity includes:

• A Mahim land purchase for Rs 101 crore, reported in December 2024.
• Completion on 24 February 2026 of the acquisition of 100% of Hally Pacific Private Limited, under a share purchase agreement dated 20 February 2026, for about Rs 30.40 crore. Hally Pacific's main asset is a vacant plot of about 717.39 square metres on Sayani Road, Prabhadevi, with an estimated gross development value of about Rs 200 crore.
• A Dadar West land acquisition during the June 2026 quarter, which the company's Q1 FY27 release put at an estimated gross development value potential of Rs 100 crore.

What it means for buyers and investors

The notice itself does not change any project, price or possession date. Buyers who are considering a Suraj Estate project should look at the developer's project-level filings and sales information rather than this board notice.

For investors, the 31 October meeting is the next point at which the company's September-quarter performance will be reported. The Rs 500 crore fundraising authority and the borrowing authorities approved by shareholders are enabling decisions. The sources do not say whether or when they will be used.

What comes next

• 31 October 2026: board meeting to approve unaudited standalone and consolidated results for the quarter and half year ended 30 September 2026.
• After results are announced: the trading window reopens. No fixed date has been given.
• 1 November 2026: Rahul Thomas's five-year term as Whole Time Director begins, subject to shareholder approval.

Rajan Thomas's term as Managing Director began on 1 October 2026, subject to shareholder approval.