Suryachakra Power Corporation Limited has officially rescheduled its board meeting from April 14 to April 18, 2026, following a request from directors. The meeting will address critical corporate matters including the approval of unaudited standalone financial results for the fourth quarter ended March 31, 2026.

Financial Results and Regulatory Compliance

The primary agenda focuses on reviewing and approving the company's Q4FY26 unaudited financial results. As part of regulatory compliance under SEBI regulations, the trading window for designated persons remains closed from April 01, 2026, until 48 hours after the financial results are made public. However, the company has noted that trading in its securities is currently under suspension.

Strategic Corporate Transformation

A significant agenda item involves a proposed name change from Suryachakra Power Corporation Limited to Suryastone Integrated Renewable Corporation Limited. This change follows a name availability letter dated March 31, 2026, received from the Ministry of Corporate Affairs under Section 4(5) of the Companies Act, 2013. The name change remains subject to necessary approvals from statutory authorities and company shareholders.

Business Expansion and Acquisition Plans

The board will consider an ambitious business plan for acquiring tea estates land measuring approximately 580.7 hectares in Assam. This acquisition aims to establish CBG & CNG Agro & Bio Pellets projects, marking the company's expansion into renewable energy sectors. Additionally, the agenda includes proposals for company acquisitions and authorization for conducting due diligence processes.

Capital Restructuring and Public Shareholding

The meeting will address BSE guidance dated March 17, 2026, regarding compliances following the NCLT sanction for capital reduction and allotment. This involves issuing 5% shares proportionately to approximately 42,000 public shareholders who previously held extinguished equity capital to facilitate listing requirements.

The company proposes to achieve minimum public shareholding requirements through an Offer for Sale (OFS) mechanism, with the new promoter M/s. Reddy Investments Private Limited potentially offloading 1,02,142 equity shares at face value of ₹10 per share.

Additional Corporate Actions

The comprehensive eight-item agenda reflects the company's strategic shift toward renewable energy and integrated operations, while ensuring compliance with regulatory requirements and exploring growth opportunities through strategic acquisitions.

Suryachakra Power Corporation Limited has scheduled a board meeting for April 14, 2026, to deliberate on the company's fourth-quarter financial results and several strategic business initiatives. The meeting will primarily focus on approving unaudited standalone financial results for the quarter ended March 31, 2026, while also addressing significant corporate developments.

Financial Results and Regulatory Compliance

The board will consider and approve the unaudited financial results for Q4FY26, with the statutory auditors' limited review report to be noted during the proceedings. As per the company's insider trading prevention code under SEBI regulations, the trading window for designated persons remains closed from April 01, 2026, until 48 hours after the financial results are made public. However, trading in the company's securities is currently under suspension.

Proposed Corporate Name Change

A significant agenda item involves the proposed name change from "Suryachakra Power Corporation Limited" to "Suryastone Integrated Renewable Corporation Limited." The company has received a name availability letter dated March 31, 2026, from the Ministry of Corporate Affairs under Section 4(5) of the Companies Act, 2013. This change is subject to necessary approvals from statutory authorities and shareholders.

Strategic Business Expansion

The board will evaluate a comprehensive business plan for acquiring tea estates land measuring approximately 580.7 hectares in Assam. The acquisition aims to establish CBG & CNG Agro & Bio Pellets projects on the acquired land, subject to statutory approvals. Additionally, the board will consider proposals for acquiring other companies and authorize the conduct of due diligence processes.

Capital Structure and Listing Matters

The meeting will address compliance processes outlined in BSE's March 17, 2026 communication regarding post-NCLT sanction guidance for capital reduction and allotment. The agenda includes reviewing the process for issuing 5% shares proportionately to approximately 42,000 public shareholders who previously held extinguished equity capital to facilitate listing requirements.

Meeting Agenda Overview

The board will also consider convening an Extraordinary General Meeting of company members to address matters requiring shareholder approval. The comprehensive agenda reflects the company's strategic shift toward renewable energy initiatives while ensuring regulatory compliance and corporate governance standards.