Suryachakra Power Corporation Ltd
Revised Results for Financials for the quarter/year Ending 31/03/2026
RESULTS
▼ Concern Flagged
HIGH RISK
📅 Filed on BSE: 18 Jul 2026, 02:37 PM IST · BSE ID: 4ea39884-e60a-4f6a-996c-1417f545170e
View Original BSE Filing (PDF)
💡
In Simple Terms
The company reported a net loss for the year, and its old shares were cancelled as it was sold as a going concern after NCLT proceedings.
🤖 AI Summary
- Board approved standalone financial results for Q4 FY26 and year ended March 31, 2026.
- Company reported a Net Loss of -Rs. 16,449 for the year ended March 31, 2026.
- Pre-existing paid-up share capital of approximately Rs. 145 Crores was reversed following NCLT orders.
- Suryachakra Power Corporation was sold as a Going Concern on June 14, 2023, to Indo Aquatics Limited, assigned to Reddy Investments Private Limited.
- As of financial statements date, there is zero public shareholding in the Company.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Profit/(Loss) for the year ended 31-Mar-2026
-16,449
Revenue from operations for the year ended 31-Mar-2026
-
Other income for the year ended 31-Mar-2026
200.00
Total Expenses for the year ended 31-Mar-2026
16649
Paid-up equity share capital (31-Mar-2026)
Nil
🏢 How This Affects the Company
The sale of the company as a going concern following NCLT proceedings and assignment to Reddy Investments Private Limited re-establishes its operational framework under new ownership.
The reversal of approximately Rs. 149.63 Crores of pre-existing paid-up share capital and transfer of net balance to Capital Reserve significantly altered the balance sheet structure.
The company's operations are now under the effective ownership of Reddy Investments Private Limited, reflecting a change in control and strategic direction.
The extinguishment of pre-existing equity shareholding and the subsequent zero public shareholding position reduce certain governance risks associated with public listing but introduce risks related to concentrated ownership.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required by shareholders based on this filing.
👤
Who Is Affected
Pre-existing equity shareholders were affected by the extinguishment of their shareholding by operation of law, as the company now has zero public shareholding.
🔍
Management Signal
The management's actions, following NCLT orders and the sale as a going concern, indicate a fundamental restructuring of the company's ownership and financial base.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Next financial results — observe any operational revenue generation.
Any future announcements regarding new business initiatives.
Updates on the company's financial structure under new ownership.
HIGH RISK
The company reported zero revenue from operations and a significant net loss, alongside a complete extinguishment of public shareholding due to past NCLT proceedings.
💡 Investor Takeaway
Suryachakra Power Corporation Limited reported a Net Loss of -16,449 for the year ended March 31, 2026, with 0.00 revenue from operations. The company was sold as a going concern in 2023, and pre-existing equity of approximately Rs. 145 Crores was extinguished, resulting in zero public shareholding.
⚖️ Strengths & Concerns
⚠️ Concerns
- The company reported a significant Profit/(Loss) before tax of -16,449 for the year ended March 31, 2026.
- Revenue from operations was 0.00 for the year ended March 31, 2026, indicating no operational revenue.
📅 Company Track Record
Suryachakra Power Corporation Limited was sold as a Going Concern on June 14, 2023, following liquidation proceedings initiated by NCLT on September 1, 2022. The sale to Indo Aquatics Limited was subsequently assigned to Reddy Investments Private Limited on September 14, 2023. This resulted in the extinguishment of pre-existing equity and zero public shareholding.
Based on publicly available historical data. For context only.
❓ Frequently Asked Questions
What was Suryachakra Power Corporation's net loss for the year ended March 31, 2026?
Suryachakra Power Corporation Limited reported a Net Loss of -16,449 for the year ended March 31, 2026.
What was the revenue from operations for Suryachakra Power Corporation for FY26?
Revenue from operations for Suryachakra Power Corporation Limited was - for the year ended March 31, 2026, indicating no operational revenue.
What happened to the pre-existing equity share capital of Suryachakra Power Corporation?
The pre-existing paid-up share capital of approximately Rs. 145 Crores was extinguished by operation of law following Insolvency and Bankruptcy Code (IBC) proceedings and NCLT orders, and the net balance was transferred to a Business Reconstruction Reserve.
Who is the effective owner of Suryachakra Power Corporation as of March 31, 2026?
Reddy Investments Private Limited is the effective owner of Suryachakra Power Corporation Limited, as the acquirer's rights were assigned to them on September 14, 2023.
Questions based on this BSE filing only. For information purposes.