Surya India reports nil borrowings and Rs 44.10 crore property

Surya India Limited reported nil current and non-current borrowings at 30 September 2026, while investment property was Rs 44.10 crore and total equity was Rs 114.75 crore. The unaudited balance sheet showed Rs 120.18 crore of total assets and Rs 5.42 crore of liabilities, including deferred tax liabilities and provisions.

Does Surya India have borrowings at 30 September 2026?

Surya India reported nil borrowings under both non-current and current financial liabilities at 30 September 2026, the same position shown at 31 March 2026. The non-current lease-liability line was also nil at both dates, while the current lease-liability line was nil at 30 September 2026 and carried no displayed comparative figure for 31 March 2026.

The nil borrowing balance does not mean Surya India had no liabilities. Non-current liabilities were Rs 4.82 crore at 30 September 2026, compared with Rs 4.78 crore at 31 March 2026, while current liabilities declined to Rs 60.62 lakh from Rs 86.07 lakh. Total liabilities therefore decreased to Rs 5.42 crore from Rs 5.64 crore over the six-month period.

Deferred tax liabilities were the largest non-current liability, at Rs 3.79 crore at 30 September 2026, down from Rs 3.82 crore at 31 March 2026. Provisions increased to Rs 72.90 lakh from Rs 66.30 lakh, while other non-current financial liabilities were unchanged at Rs 30 lakh. These reported items, rather than borrowings, made up most of Surya India’s liabilities.

Current trade payables due to creditors other than micro and small enterprises were Rs 31.24 lakh at 30 September 2026, down from Rs 44.39 lakh at the preceding year-end. Other current liabilities also fell to Rs 26.36 lakh from Rs 37.04 lakh, while current provisions increased marginally to Rs 3.02 lakh from Rs 2.91 lakh.

What assets were on Surya India’s balance sheet?

Surya India held total assets of Rs 120.18 crore at 30 September 2026, up Rs 86.73 lakh from Rs 119.31 crore at 31 March 2026. Non-current assets were Rs 74.11 crore and current assets were Rs 46.07 crore, showing that property and long-term investments accounted for a larger reported asset category than current assets.

Investment property was Surya India’s largest individual asset at Rs 44.10 crore at 30 September 2026. It declined by Rs 42.64 lakh from Rs 44.53 crore at 31 March 2026. The balance sheet does not identify the properties or explain the movement during the half year.

Non-current investments were unchanged at Rs 29.64 crore at both 30 September 2026 and 31 March 2026. Other non-current financial assets were also unchanged at Rs 36.24 lakh, while property, plant and equipment fell to Rs 0.33 lakh from Rs 0.42 lakh. The filing notes that equity instruments are fair valued at the end of each annual reporting period and that the related valuation impact was not considered in the unaudited September 2026 results.

How did Surya India’s current assets change in the half year?

Surya India’s current assets increased to Rs 46.07 crore at 30 September 2026 from Rs 44.77 crore at 31 March 2026. Loans and advances were unchanged at Rs 35.45 crore and remained the largest current-asset category, ahead of cash and cash equivalents of Rs 5.83 crore.

Other current financial assets rose to Rs 4.19 crore at 30 September 2026 from Rs 2.80 crore at 31 March 2026. That Rs 1.40 crore increase was larger than the Rs 1.29 crore overall rise in current assets, as cash and cash equivalents, trade receivables and other balances moved in different directions.

Trade receivables declined to Rs 38.12 lakh from Rs 50.38 lakh during the period, while cash and cash equivalents decreased by Rs 6.55 lakh from Rs 5.90 crore. Current tax assets increased to Rs 5.10 lakh from Rs 2.91 lakh, and other current assets rose to Rs 15.97 lakh from Rs 9.44 lakh.

The balance sheet identifies the Rs 35.45 crore item only as loans and advances and does not disclose borrower, maturity, security or interest-rate details. It similarly reports Rs 4.19 crore of other current financial assets without a composition, so the filing does not specify the counterparties or timing of conversion into cash for those amounts.

How was Surya India’s asset base funded?

Surya India reported total equity of Rs 114.75 crore at 30 September 2026, compared with Rs 113.67 crore at 31 March 2026. Equity share capital was unchanged at Rs 6.99 crore, while other equity increased to Rs 107.77 crore from Rs 106.69 crore, accounting for the Rs 1.08 crore increase in total equity.

Based on the reported balance-sheet figures, equity represented about 95.5% of total assets of Rs 120.18 crore at 30 September 2026. This is a calculation from the disclosed balances rather than a management-defined ratio. The remaining funding was represented by Rs 5.42 crore of liabilities, with no reported borrowings in either the current or non-current category.

Surya India’s board approved the unaudited quarter and half-year results on 12 November 2026 after review and recommendation by the audit committee. P. R. Kumar & Co. issued its limited review report on the same date, stating that nothing had come to its attention indicating that the financial statement lacked required disclosures or contained a material misstatement. The auditor also stated that a review provides less assurance than an audit.

Conclusion

Surya India’s 30 September 2026 balance sheet combined Rs 44.10 crore of investment property, Rs 35.45 crore of loans and advances and Rs 29.64 crore of non-current investments within total assets of Rs 120.18 crore. Nil reported borrowings and total equity of Rs 114.75 crore indicate that equity, rather than debt, accounted for the principal reported funding source.

The next annual reporting period is relevant because Surya India says fair-value effects on equity instruments are assessed at each year-end and were not included in the unaudited results for the half year ended 30 September 2026. Later filings may also show whether the Rs 44.10 crore investment-property balance, Rs 35.45 crore loans-and-advances balance and Rs 4.19 crore other current financial-assets balance change.