Surana Telecom and Power Limited — Board Meeting, 28-12-2024: Outcome of Board Meeting

The Board of Directors has approved a Postal Ballot seeking shareholder consent for the potential sale or lease of the SMW Solar Power Plant in Munipally, Telangana. The proposed transaction is expected to be valued between ₹30 Cr and ₹35 Cr, based on independent evaluation. This decision is influenced by the plant's unsustainable financial performance, generating gross revenue of approximately ₹1.25 Cr annually, with high operational costs reducing net revenue viability. No change in the shareholding pattern of Surana Telecom and Power Ltd. is anticipated as a result of this transaction.