Suryachakra Power Corporation Limited

Key Financial Results (Quarter ended March 31, 2026 - Audited)

  • Total Income: ₹0.00
  • Total Expenses: ₹15,733 (Employee benefits: ₹126; Finance costs: ₹1; Other expenses: ₹15,607)
  • Loss before tax: (₹15,733)
  • Tax expense: ₹0
  • Loss for the period: (₹15,733)
  • Other Comprehensive Income: ₹0
  • Total Comprehensive Loss: (₹15,733)
  • Paid-up equity share capital: ₹19,400 (Face value per share: ₹10)
  • Other Equity: Not quantified for the quarter in the results table
  • Earnings Per Share (Basic & Diluted): (₹8.11)

Key Financial Results (Year ended March 31, 2026 - Audited)

  • Revenue from Operations: ₹0.00
  • Other Income: ₹200.00
  • Total Income: ₹200.00
  • Total Expenses: ₹16,649 (Employee benefits: ₹229; Finance costs: ₹1; Other expenses: ₹16,419)
  • Loss before tax: (₹16,449)
  • Tax expense: ₹0
  • Loss for the year: (₹16,449)
  • Other Comprehensive Income: ₹0
  • Total Comprehensive Loss: (₹16,449)
  • Paid-up equity share capital: ₹19,400
  • Other Equity: (₹16,448.82)
  • Earnings Per Share (Basic & Diluted): (₹8.48)

Liquidation and Sale of Company (Emphasis of Matter)

The Hon'ble National Company Law Tribunal (NCLT), Hyderabad Bench, initiated liquidation proceedings against the company via an order dated September 1, 2022. The NCLT, by its order dated July 18, 2024, approved the sale of the company as a going concern.

  • The Liquidator issued a Sale Certificate dated June 14, 2023, for the sale of the company as a going concern to M/s Indo Aquatics Limited (IAL) for a total consideration of ₹1,94,00,000.
  • IAL subsequently assigned all its rights and obligations from this acquisition to M/s Reddy Investments Private Limited (RIPL) via an Assignment dated September 14, 2023, for a consideration of ₹1,99,00,000.
  • Accounting Treatment: The pre-existing paid-up share capital of approximately ₹149.63 Crores, together with all assets and liabilities as on the date of transfer, were reversed. The net balance was transferred to a Business Reconstruction Reserve/Capital Reserve, consequent to the extinguishment of pre-existing equity by operation of law.
  • The consideration of ₹1,94,00,000 received from IAL was initially recorded as Share Application Money. Shares were subsequently allotted to RIPL as the assignee.
  • Result: 100% of the equity share capital is currently held by RIPL, resulting in zero public shareholding. The company proposes to induct public shareholders within timelines permitted under applicable law.

Share Capital and Corporate Actions

  • The share capital as at March 31, 2025, was disclosed as NIL due to the extinguishment.
  • The company allotted 700 shares on September 18, 2025, against share application money received. Form PAS-3 for this allotment was filed on May 4, 2026.
  • The opening share capital was recorded as NIL with MCA, though the audited financials for FY 2024-25 were revised to show equity share capital as ₹7,000, with revised PAS-3 forms under process of filing.

Balance Sheet Highlights (As at March 31, 2026)

  • Total Assets: ₹23,411.64
  • Cash and cash equivalents: ₹15,393.34
  • Other current assets: ₹4,310.71
  • Trade receivables: ₹3,707.60
  • Total Equity: ₹2,951.18 (Equity Share Capital: ₹19,400.00; Other Equity: (₹16,448.82))
  • Current Liabilities: ₹20,460.61 (Borrowings: ₹3,578.05; Trade payables: ₹50.00; Other current liabilities: ₹16,832.56)

Cash Flow Statement Highlights (Year ended March 31, 2026)

  • Net Cash from Operating Activities: (₹15,901)
  • Net Cash from Investing Activities: ₹15,400 (Purchase of fixed assets: ₹15,200; Interest received: ₹200)
  • Net Cash from Financing Activities: (₹1) (Interest paid)
  • Net decrease in Cash: (₹502)
  • Cash at beginning of year: ₹4,813
  • Cash at end of year: ₹4,311