Suryachakra Power Corporation Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 18/04/2026 ,inter alia, to consider and approve Update on board ....
Awaiting price reaction for this filing.
Suryachakra Power Corporation has rescheduled its Board meeting from April 14 to April 18, 2026, primarily to consider Q4 FY2026 unaudited standalone financial results. The meeting agenda includes several significant items: (1) name change from Suryachakra Power Corporation Limited to Suryastone Integrated Renewable Corporation Limited, (2) compliance with BSE guidance on capital reduction and issuing 5% shares to approximately 42,000 erstwhile public shareholders through an Offer for Sale mechanism, (3) acquisition of tea estates land approximately 580.7 hectares in Assam for setting up CBG and CNG Agro & Bio Pellets projects, (4) acquisition of companies with due diligence, and (5) convening an EGM. The company's capital was significantly restructured post-NCLT order, with current paid-up capital of only 19,40,700 shares held by new promoter Reddy Investments Pvt Ltd and 7 subscribers. Trading in securities remains suspended.
This is a significant board meeting covering financial results, corporate rebranding, and major strategic decisions including renewable energy diversification and restoration of public shareholding. The capital restructuring and OFS proposal, if approved, could help relist the stock by offering shares to erstwhile shareholders in a 0.000883 ratio.