Integrated Filing — IndAS



General information about company
Scrip Code 533298
NSE Symbol SURANASOL
MSEI Symbol NOTLISTED
ISIN INE272L01022
Name of company SURANA SOLAR LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-Apr-2024
Date of end of financial year 31-Mar-2025
Date of board meeting when results were approved 03-Jul-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 30-Jun-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 03-Jul-2025   16:40:00
End date and time of board meeting 03-Jul-2025   17:10:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion



Financial Results Ind-AS
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations 25202000 388003000
Other income 4205000 11807000
Total income 29407000 399810000
2 Expenses
(a) Cost of materials consumed 23083000 340950000
(b) Purchases of stock-in-trade -31000 6488000
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 0 0
(d) Employee benefit expense 2412000 9522000
(e) Finance costs 472000 1654000
(f) Depreciation, depletion and amortisation expense 3600000 15265000
(f) Other Expenses
1 Other expenses 10784000 26616000
Total other expenses 10784000 26616000
Total expenses 40320000 400495000
3 Total profit before exceptional items and tax -10913000 -685000
4 Exceptional items 0 0
5 Total profit before tax -10913000 -685000
6 Tax expense
7 Current tax -2184000 2162000
8 Deferred tax -532000 -2321000
9 Total tax expenses -2716000 -159000
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0 0
11 Net Profit Loss for the period from continuing operations -8197000 -526000
12 Profit (loss) from discontinued operations before tax 0 0
13 Tax expense of discontinued operations 0 0
14 Net profit (loss) from discontinued operation after tax 0 0
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0 0
16 Total profit (loss) for period -8197000 -526000
17 Other comprehensive income net of taxes 0 0
18 Total Comprehensive Income for the period -8197000 -526000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 246033000 246033000
Face value of equity share capital 5 5
27 Details of debt securities
22 Reserves excluding revaluation reserve 315111000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations -0.17 -0.01
Diluted earnings (loss) per share from continuing operations -0.17 -0.01
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations -0.17 -0.01
Diluted earnings (loss) per share from continuing and discontinued operations -0.17 -0.01
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results
Textual Information(1) 1.tThe above consolidated financial results are prepared in accordance with the Indian Accounting Standard prescribed under section 133 of the Companies Act, 2013 and are in compliance with the presentation and disclosure requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (as amended). n2.tThe consolidated financial results include results of Surana Solar Limited (“SSL” or Company”) and its subsidiary, Surana Technologies Private Limited (“STPL”), and since this year ended consolidated financial results are prepared for the first time, disclosure of comparative preceding period results has not been made. It is relevant to mention that in terms of an Investment agreement dated May 22, 2025, beneficial interest documents executed between the Company, Surana Technologies Private Limited (“STPL”) and Baidyanath Power Private Limited (“BPPL”) and the decision taken by the Board of Directors of the Company in their meeting held on July 03, 2025, the Company has ceased to have control over STPL, BPPL has been given a right to appoint majority directors on the Board of STPL and in turn STPL has ceased to be a subsidiary of the Company with effect from May 22, 2025. n3.tThe above results are available on our company’s website www.suranasolar.com and on the stock exchange websites i.e. www.bseindia.com and www.nseindia.com. n4.tThe above results have been reviewed and recommended to the Board of Directors by the Audit Committee and subsequently approved by the Board of Directors at its meeting held on July 03, 2025. These results have been subjected to audit by statutory auditors who have expressed an unqualified opinion. n n



Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities
Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2024
Date of end of reporting period 31-Mar-2025
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 104062000
Capital work-in-progress 12429000
Investment property
Goodwill 0
Other intangible assets 0
Intangible assets under development
Biological assets other than bearer plants
Investments accounted for using equity method
Non-current financial assets
Non-current investments 0
Trade receivables, non-current
Loans, non-current 144810000
Other non-current financial assets 1934000
Total non-current financial assets 146744000
Deferred tax assets (net)
Other non-current assets
Total non-current assets 263235000
2 Current assets
Inventories 157397000
Current financial asset
Current investments 49628000
Trade receivables, current 4896000
Cash and cash equivalents 8803000
Bank balance other than cash and cash equivalents 10141000
Loans, current 0
Other current financial assets 82000
Total current financial assets 73550000
Current tax assets (net) 2220000
Other current assets 100807000
Total current assets 333974000
3 Non-current assets classified as held for sale
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 597209000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 246033000
Other equity 315111000
Total equity attributable to owners of parent 561144000
Non controlling interest
Total equity 561144000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 0
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises
Total Trade payable
Other non-current financial liabilities
Total non-current financial liabilities 0
Provisions, non-current 0
Deferred tax liabilities (net) 1299000
Deferred government grants, Non-current
Other non-current liabilities
Total non-current liabilities 1299000
Current liabilities
Current financial liabilities
Borrowings, current 0
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 0
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 4951000
Total Trade payable 4951000
Other current financial liabilities
Total current financial liabilities 4951000
Other current liabilities 28911000
Provisions, current 904000
Current tax liabilities (Net)
Deferred government grants, Current
Total current liabilities 34766000
3 Liabilities directly associated with assets in disposal group classified as held for sale
4 Regulatory deferral account credit balances and related deferred tax liability
Total liabilities 36065000
Total equity and liabilites 597209000
Disclosure of notes on assets and liabilities



Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-Jan-2025 01-Apr-2024
Date of end of reporting period 31-Mar-2025 31-Mar-2025
Whether accounts are audited or unaudited Audited Audited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 a) Solar Products 22904000 97507000
2 b) Trading 19000 287910000
3 c) Renewable Energy 2280000 2587000
Total Segment Revenue 25203000 388004000
Less: Inter segment revenue
Revenue from operations 25203000 388004000
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 a) Solar Products -9795000 -4058000
2 b) Trading 0 13658000
3 c) Renewable Energy 2199000 2260000
Total Profit before tax -7596000 11860000
i. Finance cost 472000 472000
ii. Other Unallocable Expenditure net off Unallocable income 2845000 2845000
Profit before tax -10913000 -685000
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 a) Solar Products 377429000 377429000
2 b) Trading 0 0
3 c) Renewable Energy 3530000 3530000
Total Segment Asset 380959000 380959000
Un-allocable Assets 216250000 216250000
Net Segment Asset 597209000 597209000
4 Segment Liabilities
Segment Liabilities
1 a) Solar Products 33868000 33868000
2 b) Trading 0 0
3 c) Renewable Energy 0 0
Total Segment Liabilities 33868000 33868000
Un-allocable Liabilities 898000 898000
Net Segment Liabilities 34766000 34766000
Disclosure of notes on segments



Other Comprehensive Income
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
Total Amount of items that will not be reclassified to profit and loss
2 Income tax relating to items that will not be reclassified to profit or loss
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss
5 Total Other comprehensive income



Cash flow statement, indirect
Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2024
B Date of end of reporting period 31-Mar-2025
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Consolidated
Part I Blue color marked fields are non-mandatory.
Statement of cash flows
Cash flows from used in operating activities
Profit before tax -685000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 0
Adjustments for decrease (increase) in inventories 23328000
Adjustments for decrease (increase) in trade receivables, current -3025000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets 18190000
Adjustments for decrease (increase) in other non-current assets 0
Adjustments for other financial assets, non-current 0
Adjustments for other financial assets, current 285000
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current -2626000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities 12469000
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense -15265000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current -658000
Adjustments for provisions, non-current 0
Adjustments for other financial liabilities, current -12469000
Adjustments for other financial liabilities, non-current 0
Adjustments for unrealised foreign exchange losses gains 0
Adjustments for dividend income 0
Adjustments for interest income 197000
Adjustments for share-based payments 0
Adjustments for fair value losses (gains) 0
Adjustments for undistributed profits of associates 0
Other adjustments for which cash effects are investing or financing cash flow -909000
Other adjustments to reconcile profit (loss) -320000
Other adjustments for non-cash items 579000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) 19382000
Net cash flows from (used in) operations 18697000
Dividends received 0
Interest paid 1654000
Interest received -6537000
Income taxes paid (refund) -7444000
Other inflows (outflows) of cash -2831000
Net cash flows from (used in) operating activities 15119000
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0
Cash flows used in obtaining control of subsidiaries or other businesses 0
Other cash receipts from sales of equity or debt instruments of other entities 0
Other cash payments to acquire equity or debt instruments of other entities 0
Other cash receipts from sales of interests in joint ventures 0
Other cash payments to acquire interests in joint ventures 0
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0
Proceeds from sales of property, plant and equipment 19392000
Purchase of property, plant and equipment 12429000
Proceeds from sales of investment property 0
Purchase of investment property 0
Proceeds from sales of intangible assets 2831000
Purchase of intangible assets 0
Proceeds from sales of intangible assets under development 0
Purchase of intangible assets under development 0
Proceeds from sales of goodwill 0
Purchase of goodwill 0
Proceeds from biological assets other than bearer plants 0
Purchase of biological assets other than bearer plants 0
Proceeds from government grants 0
Proceeds from sales of other long-term assets 0
Purchase of other long-term assets 0
Cash advances and loans made to other parties 0
Cash receipts from repayment of advances and loans made to other parties 0
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0
Dividends received 0
Interest received 6537000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 31696000
Net cash flows from (used in) investing activities 48027000
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0
Payments from changes in ownership interests in subsidiaries 0
Proceeds from issuing shares 0
Proceeds from issuing other equity instruments 0
Payments to acquire or redeem entity's shares 0
Payments of other equity instruments 0
Proceeds from exercise of stock options 0
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings -46105000
Repayments of borrowings 0
Payments of lease liabilities 0
Dividends paid 0
Interest paid 1700000
Income taxes paid (refund) 0
Other inflows (outflows) of cash -9436000
Net cash flows from (used in) financing activities -57241000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 5905000
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 2898000
Net increase (decrease) in cash and cash equivalents 8803000
Cash and cash equivalents cash flow statement at beginning of period 5905000
Cash and cash equivalents cash flow statement at end of period 14708000





Details of Impact of Audit Qualification
Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion Qualified opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 Luharuka and Associates Yes 31-Aug-2026