Revised Results for the Quarter end 30/06/2025
Awaiting price reaction for this filing.
Suryachakra Power Corporation reported zero revenue from operations for Q1 FY26 (June 2025), with only Rs. 2 lakhs in other income. The company posted a net loss of Rs. 3.83 lakhs, compared to a loss of Rs. 2.86 lakhs in the previous quarter. The auditors issued a modified conclusion citing ongoing liquidation proceedings initiated by NCLT in September 2022, and the subsequent sale of the company as a going concern to Indo Aquatics Limited (assigned to Reddy Investments Private Limited). The company explicitly states it has not started any business operations yet and is in the process of takeover and restructuring. Finance costs and depreciation continue to accrue despite zero revenue.
The company remains in a suspended state with no operations and ongoing insolvency proceedings. Shareholders should note that while the company was sold as a going concern, it has not commenced business activities, and the takeover process including capital restructuring is still in progress.