Revised FY26 Audited Results: Loss Widens Under IBC Restructuring

Suryachakra Power Corp reported revised FY26 audited results. Net loss widened to Rs 1.64 crore versus Rs 7.90 lakh last year. Expenses rose to Rs 1.66 crore. The company was sold as a going concern under NCLT liquidation in June 2023, rights later assigned to Reddy Investments. Pre-existing equity of about Rs 149.63 crore was extinguished under IBC, leaving zero public shareholding. Auditor flagged emphasis of matter on the restructuring. Operating cash flow stayed negative.