Revised Results for the Quarter ended 30/09/2025
Awaiting price reaction for this filing.
Suryachakra Power Corporation reported zero revenue from operations for Q2 ended September 2025. The company posted a net loss of Rs. 0.38 lakhs for the quarter and Rs. 4.21 lakhs for the half-year. The company stated it has not yet started any business operations. The statutory auditor issued a modified conclusion due to ongoing liquidation proceedings initiated by NCLT in September 2022. The company was sold as a going concern to Indo Aquatics Limited (assigned to Reddy Investments Private Limited), and the acquirer is in the process of complete takeover including capital restructuring.
The company remains in a dormant state with no operations and continuous losses. The ongoing liquidation and restructuring creates extreme uncertainty for shareholders, and the stock is essentially a speculative play on the takeover completion.