Suryachakra Power Corporation Limited has reported its unaudited standalone financial results for the first quarter ended June 30, 2025. The company recorded a net loss of ₹3.83 lakh for the period, with no revenue generated from operations.

The Board of Directors approved the financial results during a meeting held on July 15, 2025. The meeting commenced at 04:00 PM and concluded at 05:10 PM. The results were reviewed by the Statutory Auditors and the Audit Committee prior to approval.

Financial Performance

The company reported total income of ₹0.00 lakh for both the quarter and the year ended June 30, 2025. Other income stood at ₹2.00 lakh for the respective periods. Total expenses for the quarter were recorded at ₹5.83 lakh, driven primarily by depreciation and amortisation expenses.

Operational Status

Suryachakra Power Corporation stated that it has not commenced any business operations yet. The paid-up equity share capital remained at ₹0.00 lakh, and Earnings Per Share (EPS) was reported as ₹0.00.

Corporate Update

The Limited Review Report noted that the National Company Law Tribunal (NCLT), Hyderabad Bench, initiated liquidation proceedings against the company on September 1, 2022. Subsequently, the NCLT approved the sale of the company as a going concern to Indo Aquatics Limited on July 18, 2024. The acquirer has initiated the process for taking over the company, including changes in management and restructuring exercises.

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.