Suryachakra Power Corporation Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 14/04/2026 ,inter alia, to consider and approve To consider and ....
Awaiting price reaction for this filing.
The company has scheduled a board meeting on April 14, 2026 to consider Q4 FY2026 standalone unaudited financial results and take note of the Limited Review Report from statutory auditors. The meeting also includes agenda items for changing the company name to '5uryastone Integrated Renewable Corporation Limited', processing a capital reduction with 5% share allotment to approximately 42,000 public shareholders (per BSE guidance post NCLT order), acquiring tea estate land (~580.7 hectares in Assam) for setting up CBG and CNG agro and bio pellets project, and considering acquisition of other companies. The trading window is already closed with securities under suspension. An EGM will also be considered.
This meeting signals potential business transformation from power to integrated renewable energy. The capital reduction/allotment agenda suggests ongoing NCLT-driven restructuring aimed at restoring public shareholding and potentially lifting the trading suspension. Diversification into tea estates for bio-energy projects indicates a strategic pivot that could reshape the company's fundamentals.