Suryachakra Power Corporation Ltd. Financial Update

Q2 FY25 Net Loss Narrows to ₹-0.0038 Crore

Q1 FY25 Net Loss Was ₹-0.0383 Crore

Reader Takeaway: No operations, but loss reduced due to lower depreciation amid ongoing NCLT takeover.

What just happened

Suryachakra Power Corporation Limited has announced its unaudited financial results for the quarter ended September 30, 2025. The company reported a minimal net loss of ₹-0.0038 crore for the quarter, a reduction from the ₹-0.0383 crore net loss in the previous quarter. Revenue from operations stood at ₹0 crore.

Why this matters

For shareholders, these results are largely a procedural disclosure. The company is not currently operational and is undergoing a significant corporate restructuring process under the National Company Law Tribunal (NCLT). The key event for Suryachakra Power is the ongoing takeover by Indo Aquatics Limited.

The backstory

Suryachakra Power Corporation has been non-operational, with no business operations started as noted in its financial statement. The NCLT, Hyderabad Bench, initiated liquidation proceedings against the company on September 1, 2022. Subsequently, on July 18, 2024, the NCLT approved the sale of the company as a going concern to Indo Aquatics Limited, with Reddy Investments Private Limited as the assigner.

What changes now

The management change has been completed as part of the takeover. However, the company is still in the process of restructuring, which includes capital changes and obtaining shareholding data from the RTA. The financial figures reflect minimal expenses, mainly depreciation, due to the lack of business activities.

Concerns and Watch Points

The company faces significant concerns: it has no revenue from operations and is in the midst of NCLT proceedings, indicating its insolvency status. The statutory auditor has also issued a modified conclusion in their report due to matters related to the NCLT proceedings.

What to track next

Investors should closely monitor the progress of the takeover by Indo Aquatics Limited and the completion of the corporate restructuring. Any updates from NCLT or the company regarding these processes will be crucial for determining Suryachakra Power's future direction.