Outcome of the Board Meeting held on 06th May 2025
Awaiting price reaction for this filing.
Suryachakra Power Corporation Limited reported zero revenue from operations for both Q4 and the full year ended March 31, 2025, as the company has not yet started any business operations. The company posted a net loss of Rs. 2.86 lakhs for Q4 and Rs. 7.90 lakhs for the full year. The company is under liquidation proceedings initiated by NCLT in September 2022, and was sold as a going concern to Indo Aquatics Limited (assigned to Reddy Investments Private Limited) in July 2024. The auditor issued a modified conclusion due to the ongoing liquidation and restructuring process, noting that conclusions are modified regarding going concern matters.
The company has no operating revenue and is undergoing liquidation with a new acquirer taking over. The modified auditor opinion and zero revenue indicate extreme financial distress, making this stock high-risk for investors.