Surana Solar Limited, formerly known as Surana Ventures Limited, has successfully received a total of Rs 10,05,06,036 from Paradip Port Trust following a favorable order passed by the Hon’ble Commercial Court, Bhubaneswar on 17th September 2025. The amount includes principal funds of Rs 8,71,12,761 along with accrued interest of Rs 1,33,93,275, and has been duly credited to the company’s bank account on 18th September 2025.

This development marks a significant positive outcome in the company’s ongoing legal proceedings with Paradip Port Trust, highlighting Surana Solar’s proactive approach to resolving disputes and strengthening its financial position. The release of these funds is expected to enhance the company’s operational liquidity, enabling better financial planning and resource allocation for ongoing and upcoming projects.

The release of funds was directed by the Registrar, Civil Courts, Khurda at Bhubaneswar, following the commercial court order. Surana Solar has complied with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring timely disclosure of this development to both the BSE and NSE, maintaining transparency for investors and stakeholders.

The company’s management expressed satisfaction with the resolution, noting that the court’s ruling not only facilitates the immediate release of the disputed amount but also confirms the validity of the company’s claims, reinforcing confidence among investors, shareholders, and business partners. The accrued interest component of Rs 1,33,93,275 further adds to the financial benefit for Surana Solar, totaling Rs 10,05,06,036 credited to the company account.

The resolution of the dispute reflects the effectiveness of Surana Solar’s legal strategy and reinforces its commitment to good corporate governance and financial prudence. By promptly updating the stock exchanges and following SEBI’s circulars and regulations, the company has demonstrated its dedication to regulatory compliance, transparency, and protecting shareholder interests.

In conclusion, Surana Solar’s receipt of funds from Paradip Port Trust following the court’s favorable order is a significant milestone for the company. It strengthens the company’s financial position, underlines its ability to successfully navigate legal challenges, and enhances confidence among stakeholders about the company’s operations, governance practices, and future growth prospects.

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