Outcome of the Board Meeting held on 10th October 2025
Awaiting price reaction for this filing.
Suryachakra Power Corporation Limited reported zero revenue and a net loss of Rs. 0.38 lakhs for Q2 FY25 ended September 30, 2025. The company has not commenced any business operations yet and remains non-functional. The statutory auditor (CA Bandi Poorna Sai Kumar) issued a modified Limited Review Report, noting that the company is under liquidation proceedings initiated by NCLT Hyderabad in September 2022. A sale of the company as a going concern to Indo Aquatics Limited (acquirer, assigned to Reddy Investments Private Limited) was approved by NCLT in July 2024, with a sale certificate issued in June 2023. However, the takeover process, including capital restructuring and RTA records update, remains incomplete. No comparative financials or operational metrics are available given the company's dormant status.
The modified auditor conclusion and ongoing liquidation proceedings signal significant going concern risk. The stock remains in a non-operational state with no revenue-generating activities, and shareholders should monitor the pending takeover completion and capital restructuring for any future triggers.