Suryachakra Power reports loss of ₹2.51 lakh in Q3 FY26

1 min read     Updated on 19 May 2026, 05:55 PM
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AI Summary

Suryachakra Power Corporation Limited reported a net loss of ₹2.51 lakh for the quarter ended December 31, 2025, with total income at nil. For the nine-month period, the net loss widened to ₹6.71 lakh as the company has not yet commenced business operations.

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Suryachakra Power Corporation Limited has announced its unaudited standalone financial results for the third quarter ended December 31, 2025. The Board of Directors approved the results during a meeting held on January 10, 2026.

Financial Performance for Q3 FY26

The company reported a total income of ₹0.00 lakh for the quarter, driven by nil revenue from operations and other income. Total expenses for the period amounted to ₹2.51 lakh, primarily comprising depreciation and amortisation expenses. Consequently, the company recorded a net loss of ₹2.51 lakh for the quarter ended December 31, 2025.

Nine-Month Performance

For the nine months ended December 31, 2025, Suryachakra Power Corporation Limited posted a total income of ₹0.00 lakh. Total expenses during this period were higher at ₹8.71 lakh, leading to a net loss of ₹6.71 lakh. The company stated that it has not yet commenced any business operations.

Key Financial Metrics

The following table summarizes the standalone unaudited financial results for the third quarter and nine months ended December 31, 2025:

Particulars Q3 FY26 (₹ in Lakhs) 9M FY26 (₹ in Lakhs)
Revenue from operations 0.00 0.00
Other income 0.00 2.00
Total income 0.00 0.00
Total expenses 2.51 8.71
Profit/(Loss) before tax -2.51 -6.71
Net Profit/(Loss) for the period -2.51 -6.71

Corporate Developments

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

What is Indo Aquatics Limited's strategic roadmap for reviving Suryachakra Power Corporation's operations, and what timeline has been set for commencing business activities?

How will the capital restructuring process impact existing shareholders and creditors of Suryachakra Power Corporation following the NCLT-approved acquisition?

What regulatory approvals and compliance milestones must Indo Aquatics Limited achieve before completing the full management takeover of Suryachakra Power Corporation?

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Suryachakra Power reports ₹0.38 lakh loss for Q2FY26

1 min read     Updated on 19 May 2026, 05:51 PM
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AI Summary

Suryachakra Power Corporation Limited reported a net loss of ₹0.38 lakh for Q2FY26, with zero revenue from operations as business activities are yet to start. The Board approved the unaudited results on October 10, 2025.

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Suryachakra Power Corporation Limited has reported its unaudited standalone financial results for the second quarter ended September 30, 2025. The Board of Directors approved the results during a meeting held on October 10, 2025, in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company recorded a net loss of ₹0.38 lakh for the quarter ended September 30, 2025. For the six months ended on the same date, the net loss stood at ₹4.21 lakh. Revenue from operations was nil for both the quarter and the half-year period, as the company has not yet commenced business operations.

Financial Performance

Total income for the quarter was ₹0.00 lakh, compared to ₹0.00 lakh in the corresponding period of the previous year. Other income was nil for the quarter, while it stood at ₹2.00 lakh for the year-ago period. Total expenses for the quarter amounted to ₹0.38 lakh, primarily driven by depreciation and amortisation expenses.

The table below details the standalone unaudited financial results for the second quarter and six months ended September 30, 2025:

Particulars Quarter Ended 30-09-2025 (Unaudited) Year Ended 30-09-2025 (Unaudited)
Revenue from operations 0.00 0.00
Other income 0.00 2.00
Total income 0.00 0.00
Total expenses 0.38 6.21
Profit / (Loss) before tax -0.38 -4.21
Net Profit / (Loss) for the period -0.38 -4.21

Operational Status

The company stated that it has not started any business operations and they are yet to be commenced. Consequently, there was no revenue generated from operations during the reported period. The paid-up equity share capital and earnings per share (EPS) were recorded at ₹0.00 lakh and ₹0.00 respectively.

Corporate Developments

The Limited Review Report issued by the statutory auditors noted that the National Company Law Tribunal (NCLT), Hyderabad Bench, had initiated liquidation proceedings against the company. However, an order dated July 18, 2024, approved the sale of the company as a going concern to Indo Aquatics Limited. The acquirer has initiated the process for taking over the company, including changes in management and restructuring exercises.

What is Indo Aquatics Limited's timeline and strategic plan for completing the management takeover and commencing business operations at Suryachakra Power Corporation?

How might the ongoing NCLT liquidation proceedings impact Indo Aquatics Limited's ability to restructure Suryachakra Power Corporation and attract future investors or creditors?

Given the power sector focus implied by Suryachakra's name, will Indo Aquatics Limited pivot the company toward renewable energy or aquaculture-related power projects following the acquisition?

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