Suryachakra Power reports net loss of ₹16,449 thousand in FY26

Suryachakra Power Corporation Limited reported a net loss of ₹16,449 thousand for the financial year ended March 31, 2026, driven by zero revenue from operations and total expenses of ₹16,649 thousand. For the quarter ended March 31, 2026, the company posted a net loss of ₹15,733 thousand. The Board of Directors approved the standalone financial results for Q4FY26 on May 30, 2026, pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company's financial statements highlight its status as a going concern following a sale certificate issued by the National Company Law Tribunal (NCLT) on June 14, 2023. The pre-existing paid-up share capital of approximately ₹149.63 crores was extinguished and transferred to a Capital Reserve. M/s Reddy Investments Private Limited currently holds 100% of the equity share capital, resulting in zero public shareholding. The company proposes to induct public shareholders within timelines permitted under applicable law.

Financial Performance for FY26

Suryachakra Power Corporation Limited recorded no revenue from operations for the year ended March 31, 2026. Other income stood at ₹200 thousand. Total expenses for the year amounted to ₹16,649 thousand, primarily comprising other expenses at ₹16,419 thousand and employee benefits expense at ₹229 thousand. Finance costs were minimal at ₹1 thousand.

The company reported a loss before tax of ₹16,449 thousand for FY26, compared to a loss of ₹790 thousand in the previous year. The basic and diluted earnings per share (EPS) for FY26 were (₹8.48), compared to (₹0.41) in the previous year.

Quarterly Results for Q4FY26

For the quarter ended March 31, 2026, the company reported a net loss of ₹15,733 thousand, significantly higher than the loss of ₹114 thousand in the preceding quarter ended December 31, 2025. Total expenses for Q4FY26 surged to ₹15,733 thousand, driven by other expenses of ₹15,607 thousand and employee benefits expense of ₹126 thousand. Revenue from operations remained nil for the quarter.

Particulars	Quarter ended 31-Mar-2026 (Audited)	Year ended 31-Mar-2026 (Audited)
Income
Revenue from operations	-	-
Other income	-	200
Total Income	-	200
Expenses
Employee benefits expense	126	229
Finance costs	1	1
Other expenses	15,607	16,419
Total Expenses	15,733	16,649
Net Profit / (Loss)	(15,733)	(16,449)

Balance Sheet and Cash Flows

As of March 31, 2026, the company's total assets stood at ₹23,411.64 thousand, a decrease from ₹36,642 thousand in the previous year. Equity share capital was recorded at ₹19,400 thousand, while other equity reflected a negative balance of ₹16,448.82 thousand. Current liabilities amounted to ₹20,460.61 thousand, primarily comprising other current liabilities of ₹16,832.56 thousand and borrowings of ₹3,578.05 thousand.

The cash flow statement for FY26 revealed a net decrease in cash and cash equivalents of ₹502 thousand. Cash generated from operations was negative at ₹15,901 thousand, while investing activities provided a net inflow of ₹15,400 thousand, largely due to interest received. Cash and cash equivalents at the end of the year stood at ₹4,311 thousand.

Suryachakra Power Corporation Limited reported a net loss of ₹2.20 lakh for the third quarter ended December 31, 2025, as business operations are yet to commence. The company recorded zero revenue from operations for the quarter and the nine months ended December 31, 2025. The Board of Directors approved the unaudited standalone financial results during a meeting held on January 10, 2026, in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Total income for the quarter was nil, while total expenses amounted to ₹2.20 lakh, primarily driven by depreciation and amortisation expenses of ₹2.20 lakh. For the nine months ended December 31, 2025, the net loss stood at ₹6.41 lakh, with total expenses reaching ₹8.41 lakh. The paid-up equity share capital and earnings per share (EPS) were recorded at ₹0.00 lakh and ₹0.00 respectively.

Financial Performance

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

Particulars	Quarter Ended 31-12-2025 (Unaudited)	Quarter Ended 30-09-2025 (Unaudited)	Year Ended 31-12-2025 (Unaudited)
Revenue from operations	0.00	0.00	0.00
Other income	0.00	0.00	2.00
Total income	0.00	0.00	2.00
Total expenses	2.20	0.38	8.41
Profit / (Loss) before tax	-2.20	-0.38	-6.41
Net Profit / (Loss) for the period	-2.20	-0.38	-6.41

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 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.