Suryachakra Power Declares Q1 FY27 Unaudited Standalone Financial Results
Suryachakra Power Corporation Limited announced that its Board of Directors has approved the unaudited standalone financial results for the first quarter ended June 30, 2026. The board meeting, held on August 14, 2026, commenced at 9:00 PM and concluded at 10:30 PM. A limited review report from the statutory auditors, Bhanu Murali & Co, was also annexed. The report highlights a significant note regarding the company's sale as a going concern, approved by the National Company Law Tribunal (NCLT) in July 2024, with the sale certificate issued in June 2023. This involved the extinguishment of pre-existing equity shareholding and reversal of paid-up share capital, with subsequent assignment of acquirer's rights. The company now has zero public shareholding.
Key Highlights
- Board approved Q1 FY27 unaudited standalone financial results.
- Results were subject to a limited review by statutory auditors.
- Company sale as a going concern approved by NCLT.
- Pre-existing equity and share capital were extinguished.
- Company currently has zero public shareholding.
Price Impact
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