Chairman's Speech
To Shareholders
Respected Shareholders,
It is my honour and privilege to welcome you all to the 32nd Annual General Meeting of
Suraj Limited. I thank you for your presence and continued trust in our journey.
The past financial year was a dynamic one for the steel industry. Global steel demand
witnessed both tailwinds and challenges, impacted by geopolitical uncertainties, raw
material price fluctuations, and policy changes. Domestically, the Indian steel sector
benefited from infrastructure push, increasing urbanization, and demand from construction,
automotive, and capital goods sectors.
Despite external volatility, our company remained focused, agile, and forward looking.
For the financial year ended March 31, 2025, our Company recorded:
• Revenue from operations of Rs.23,374.29 lakhs
• EBITDA of Rs.3,250.92 lakhs
• Net profit of Rs.1,170.67 lakhs
The road ahead is both exciting and demanding. We are entering a phase of growth that
will require renewed focus on innovation, customer centricity, and digital transformation.
We remain confident that with the right strategy, strong leadership, and stakeholder
support, Suraj Limited is well positioned for long-term success.
Our employees remain our greatest strength. I take this opportunity to thank each and
every team member for their exceptional effort, especially during uncertain times. Their
passion, innovation, and teamwork have enabled us to overcome challenges and deliver
value.
I would also like to extend my heartfelt thanks to our shareholders, customers,
suppliers, financial institutions, and other stakeholders for their unwavering confidence
in us.
To my fellow Board Members thank you for your insight, guidance, and governance. The
balanced and forward-looking leadership provided by this Board continues to guide us well.
With best wishes,
Sincerely
Ashok Shah
Chairman & CFO.