Board Meeting Scheduled for Suryachakra Power Corporation Limited to Discuss Q4 Results and Name Change
Suryachakra Power Corporation Limited has scheduled a meeting of its Board of Directors for Tuesday, April 14, 2026. The primary purpose of the meeting is to consider and approve the unaudited Standalone financial results of the company for the fourth quarter ended March 31, 2026.The board meeting agenda includes several key items for consideration. The first item is to consider and approve the Unaudited Financial Results of the Company for the quarter ended 31.03.2026. Additionally, the board will take note of the Limited Review Report issued by the Statutory Auditors.
The meeting agenda also addresses potential corporate changes and strategic plans. Management is set to consider the name change of the Company from "Suryachakra Power Corporation Limited" to "Suryastone Integrated Renewable Corporation Limited," pending necessary approvals from statutory authorities and shareholders. This relates to the Name Availability letter dated 31.03.2026 received from the MCA under Section 4(5) of the Companies Act, 2013.
The board is also slated to review processes detailed in a BSE mail dated 17.03.2026, which offers guidance on compliances post the Hon'ble NCLT Sanction for Capital Reduction & Allotment, specifically concerning the issue of 5% shares proportionately to approximately 42,000 public shareholders who previously held extinguished equity capital for allowing listing.
Furthermore, the agenda items include considering and approving the business plan for the acquisition of tea estates land spanning approximately 580.7 hectares in Assam, which involves setting up a CBG & CNG Agro & BioPellets project. Other key matters for deliberation include considering and approving proposals for the acquisition of companies, authorizing due diligence, and considering the convening of an Extra-Ordinary General Meeting (EGM) of the Members.
The Company has also included an item to consider any other business with the permission of the Chair.
Stock Price Movement
At the close of trading Monday, Suryachakra Power Corporation Ltd shares settled at ₹0.60, slipping 3.23%. Throughout the day, the stock oscillated within a range bordered by ₹0.59 and ₹0.62.Source:
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