Surana Solar Limited — Results, 26-06-2025: Reply to Clarification- Financial results

Surana Solar Limited has clarified that it has not consolidated the financials of Surana Technologies Private Limited for the period ended March 31, 2025. This is due to a loss of control arising from operational and management restrictions linked to the sale of Surana Technologies. The company holds a current investment of ₹210 lakh in Surana Technologies.

49% stake in Surana Technologies has already been transferred, and consideration for the remaining 51% has been received. The board composition changes resulted in Surana Solar losing control, which, per applicable accounting standards, prohibits consolidation of Surana Technologies’ results.

The company remains compliant with relevant accounting standards by classifying the investment appropriately and not consolidating the subsidiary’s results. No consolidated financial results for the period have been submitted on this basis.