Suryachakra Power reports ₹2.86 lakh loss in Q4FY25
Suryachakra Power Corporation Limited reported a loss of ₹2.86 lakh for Q4FY25 with zero income. The statutory auditors issued a limited review report.
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Suryachakra Power Corporation Limited reported a loss of ₹2.86 lakh for the quarter ended March 31, 2025, as the company has not commenced business operations. The Board of Directors approved the unaudited standalone financial results during a meeting held on May 6, 2025, in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Financial Performance
The company reported a total income of ₹0.00 lakh for both the fourth quarter and the fiscal year ended March 31, 2025. Total expenses for the quarter stood at ₹2.86 lakh, while for the full year, they amounted to ₹7.90 lakh. Consequently, the company recorded a loss for the period from continuing operations of ₹2.86 lakh for Q4FY25 and ₹7.90 lakh for the year ended March 31, 2025.
Operational Status
The financial results indicate that Suryachakra Power Corporation has not yet commenced any business operations. The disclosure notes that the company is yet to start its business activities. Additionally, the auditor's report highlighted ongoing corporate restructuring, including a change in management initiated by the acquirer, Indo Aquatics Limited, following NCLT orders.
Key Financial Metrics
The following table summarizes the unaudited standalone financial results for the quarter and year ended March 31, 2025:
| Particulars | Q4FY25 (₹ in Lakhs) | Year Ended March 31, 2025 (₹ in Lakhs) |
|---|---|---|
| Revenue from operations | 0.00 | 0.00 |
| Total income | 0.00 | 0.00 |
| Total expenses | 2.86 | 7.90 |
| Profit/Loss for the period | -2.86 | -7.90 |
| Earnings Per Share (Basic) | 0.00 | 0.00 |
The paid-up equity share capital of the company remained at ₹0.00 lakh for the reported period. The earnings per share (EPS) was also reported at ₹0.00. The limited review report was issued by the statutory auditors, Sai and Co., Chartered Accountants.
What is the projected timeline for Suryachakra Power Corporation to commence business operations following the management change?
How will the corporate restructuring initiated by acquirer Indo Aquatics Limited impact the company's strategic direction?
What specific capital infusion or funding is required to transition the company from a dormant state to an operational one?
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