Suryachakra Power Corporation Ltd

Suryachakra Power Corporation Ltd has provided an explanation to the BSE for the delayed submission of the outcome of its board meeting held on September 7, 2026. The company stated that the delay was purely inadvertent and procedural, arising from the time required to compile, verify, finalize, and ensure the accuracy of the decisions made during the meeting before submission. Suryachakra Power acknowledged the importance of timely disclosures under SEBI (LODR) Regulations, 2015, and expressed regret for the delay. The company assured that there was no intention to withhold information and has strengthened its internal compliance mechanisms to prevent future occurrences.

Suryachakra Power Corporation Ltd's Board of Directors met on September 7, 2026. Key decisions included approving the draft notice for the Annual General Meeting (AGM) scheduled for September 30, 2026. The Register of Members and Share Transfer Books will be closed from September 24 to September 30, 2026, for the AGM. The Board also appointed M/s. Madhu Mantri & Associates as the new statutory auditors, effective September 7, 2026, to fill a casual vacancy caused by the resignation of M/s. Bhanu Murali & Co. The meeting commenced at 4:00 PM and concluded at 5:00 PM.

Suryachakra Power Corporation Ltd has announced a Board of Directors meeting scheduled for September 7, 2026. The meeting agenda includes fixing the date, time, and book closure for the upcoming Annual General Meeting (AGM) for the financial year ended March 31, 2026. The board will also consider approving the draft AGM notice and related documents. A significant item on the agenda is the resignation of Bhanu Murali & Co., the existing Statutory Auditors, received on August 31, 2026. The board will also appoint a new Statutory Auditor to fill the casual vacancy. The meeting will be held at their Hyderabad office.

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.

Suryachakra Power Corporation Ltd has provided an update regarding its share capital reconciliation for the quarter ended June 30, 2026. Due to ongoing capital restructuring post-acquisition by Indo Aquatics Limited (assigned to Reddy Investments Pvt Ltd.) and subsequent board approvals, the standard reconciliation report will not be meaningful. Key actions include cancellation of existing promoter equity, reduction of public shareholders' equity to zero payout, and allotment of new shares to the assignee. The company is awaiting updates from depositories and stock exchanges on these corporate actions.

Suryachakra Power Corporation Ltd has announced that its Board of Directors meeting is scheduled for August 14, 2026. The primary agenda is to consider and approve the Unaudited Standalone Financial Results for the first quarter ended June 30, 2026. In line with SEBI regulations, the trading window will be closed from June 30, 2026, until 48 hours after the declaration of these results. The company also noted that trading of its shares is currently suspended.

Suryachakra Power Corporation Ltd announced the approval of its revised financial results for the quarter and year ended March 31, 2026. The Board of Directors, in a meeting held on May 30, 2026, reviewed and approved the quarterly financial results and the accompanying Limited Review Report from statutory auditors. The auditor's report, issued by Bhanumurali & Co, confirmed that the standalone financial results present a true and fair view in accordance with applicable accounting standards. A significant emphasis of matter was placed on Note 3, detailing the company's sale as a going concern, the extinguishment of pre-existing equity, and the subsequent restructuring of shareholding, resulting in zero public shareholding.

Suryachakra Power Corporation Ltd's board meeting on May 30, 2026, approved the quarterly financial results for the quarter ended March 31, 2026. The meeting commenced at 6:30 PM and concluded at 7:30 PM. The results, along with the Limited Review Report from the Statutory Auditors, are annexed. Auditors issued an unmodified opinion on the standalone financial results.

Suryachakra Power Corporation Ltd's Board of Directors approved the quarterly financial results for the quarter ended September 30, 2025, following Regulation 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting, held on October 10, 2025, also included a review of the Limited Review Report issued by the Statutory Auditors. Liquidation proceedings were initiated by NCLT Hyderabad on 01.09.2022, and a sale to Indo Aquatics Limited (IAL) was approved on 18.07.2024. The acquirer is in the process of a complete takeover, including restructuring.

Suryachakra Power Corporation Ltd's Board of Directors approved the quarterly financial results for the quarter ended December 31, 2025, during a meeting held on January 10, 2026. The meeting commenced at 03:00 PM and concluded at 04:00 PM. The results, along with the Limited Review Report from the Statutory Auditors, are annexed. The auditor's report mentions ongoing liquidation proceedings and a change in management process.