Gayatri Projects Limited

Company Overview

Gayatri Projects Limited (GPL) has formally submitted its 37th Annual Report for the financial year 2025-26. A pivotal development for the company during the year was its successful exit from the Corporate Insolvency Resolution Process (CIRP), with the NCLT approving the withdrawal of insolvency proceedings on September 10, 2025. Following this, the Board of Directors was reconstituted, and a new phase of business revival was initiated.

Important Financial Figures (Consolidated)

Financial Turnaround

The company experienced a significant turnaround in its financial performance during FY 2025-26. The consolidated Profit After Tax (PAT) stood at Rs 2,042.12 crore for the year, compared to Rs 123.89 crore in the previous year. This substantial improvement is attributed to operational gains and the resolution of legacy debt following the CIRP exit and OTS arrangements.

Corporate Action and AGM

• AGM Date: The 37th Annual General Meeting is scheduled for Monday, September 28, 2026, at 3:00 p.m. via Video Conferencing (VC) or Other Audio-Visual Means (OAVM).
• Preferential Allotment: Post-FY26 closure, the company allotted 27.71 crore equity shares of Rs 2/- each at an issue price of Rs 10/- per share on a preferential basis, completed in April 2026, increasing the paid-up share capital to Rs 92.86 crore.

Key Proposals for Shareholders

• Related Party Transactions: The Board is seeking shareholder approval for several material related party transactions (RPTs), including:
  • Availing an unsecured loan of up to Rs 150 crore from Gayatri Highways Limited.
  • Sale/disinvestment of 7.83 crore '4% Compulsorily Convertible Cumulative Preference Shares' (CCCPS) in Gayatri Hitech Hotels Limited for at least Rs 34.01 crore.
  • Ratification of various contracts with Joint Ventures entered into during the CIRP period.
• Cost Auditors: Appointment of M/s. N.S.V. Krishna Rao & Co., Cost Accountants, for FY 2026-27 at a remuneration of Rs 1.25 lakh.

Management Commentary

The management highlighted that following the successful completion of the CIRP and the One-Time Settlement (OTS) obligations, the company has entered a new phase of business revival. The focus remains on operational strengthening, rebuilding the order pipeline, and maintaining disciplined cash-flow practices. The management is optimistic about leveraging five decades of experience to secure sustainable, profitable projects.

Investor Takeaway

The FY 2025-26 Annual Report marks a definitive transition for Gayatri Projects Limited from a debt-stressed environment to a post-restructuring revival phase. Investors should monitor the company's ability to execute its revised project pipeline and successfully manage the related-party transactions and fundraising activities detailed in the AGM notice. The substantial PAT reported, largely influenced by the resolution of insolvency proceedings, should be viewed in the context of one-time financial adjustments.

Monitoring Agency Final Report

Gayatri Projects Ltd has released the final Monitoring Agency report issued by CRISIL Ratings Limited for the quarter ended June 30, 2026. The report pertains to the utilization of proceeds from the company's preferential issue of equity shares.

Utilization Summary

The total issue proceeds, revised from Rs 314.00 crore to Rs 277.10 crore due to undersubscription, have been fully utilized as of June 30, 2026. The Monitoring Agency account stands at nil, and this is the final report for this issue.

Utilization of Proceeds

Key Details

• Revision in Issue Size: The original issue size of Rs 314.00 crore was revised to Rs 277.10 crore on account of undersubscription. This revision was approved by the Board of Directors.
• Interim Financial Assistance: During the quarter, the company availed interim financial assistance from the Managing Director (Mr. T.V. Sandeep Kumar Reddy), Indian Housing Corporation Limited, and Shrew Construction Limited to meet OTS obligations. These interim borrowings were subsequently repaid using the proceeds from the preferential issue.
• Working Capital: Rs 61 crore of the funds were furnished as fixed deposits marked under lien in favor of banks for bank guarantees, replacing previously held collateral.
• General Corporate Purpose (GCP): Utilization included interest payments on inter-corporate loans, payments towards corporate guarantees, and repayment of outstanding dues.

Investor Takeaway

The filing marks the conclusion of the monitoring agency requirement for the preferential issue. Investors should note that all capital raised through this specific instrument has been fully deployed toward the intended objects, primarily debt settlement and operational requirements.

Compliance Update

Gayatri Projects Limited has formally notified the stock exchanges regarding the non-applicability of the Statement of Deviation or Variation under Regulation 32(1) of the SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015.

Regulatory Status

The company stated that for the quarter ended June 30, 2026, there was no deviation or variation in the utilization of proceeds raised through its preferential issue. Consequently, the company is not required to submit a separate statement of deviation, as the relevant disclosure has already been integrated into its quarterly financial filing. This position was reviewed by the Audit Committee and subsequently noted by the Board of Directors at their respective meetings held on August 12, 2026.

What This Means for Investors

This filing is a procedural compliance matter. It confirms that the funds raised via preferential issue have been utilized in accordance with the originally stated objectives, with no unauthorized deviations reported for the specified quarter. Existing shareholders should view this as standard regulatory housekeeping.

Key Highlights

Financial Snapshot

Profitability Analysis

The company reported a turnaround in profitability for the quarter ended June 30, 2026. Consolidated net profit stood at ₹37.12 crore (₹3,711.74 lakh), a shift from the net loss of ₹111.00 crore (₹11,100.17 lakh) reported in the previous audited quarter (March 2026). The standalone net profit was ₹36.78 crore (₹3,677.53 lakh).

Corporate Action Details

Gayatri Projects successfully completed a preferential allotment of 27,71,00,315 equity shares at an issue price of ₹10 per share. This exercise resulted in a total capital infusion of ₹277.10 crore (₹27,710.03 lakh), significantly altering the share capital base compared to the previous quarter.

Debt and Strategic Watch Points

The company is currently working under a One-Time Settlement (OTS) agreement with Punjab National Bank regarding a secured term loan. The company is obligated to pay ₹135.06 crore within a three-month period. Management is actively negotiating the sale of mortgaged property to generate the funds required to honor this settlement. The impact of this transaction will be recognized upon the sale of assets and payment to the lender.

Auditor Emphasis and Concerns

Auditors have issued an 'Emphasis of Matter' regarding the following areas:

• SARFAESI Enforcement: A recognition of ₹154.55 crore (₹15,455.00 lakh) as 'Collateral Security Enforcement under SARFAESI' remains a focal point.
• Subcontractor Recovery: The recovery of advances and receivables from a subcontractor amounting to ₹74.83 crore (₹7,483.05 lakh) has been delayed. Consequently, the company has made a provision for expected credit loss of ₹47.70 crore (₹4,769.57 lakh).
• Associate Company Exposure: The company maintains investments in Gayatri Highways Limited (GHL), which has been incurring operating losses. The company has made a full provision for a subordinate debt of ₹45.56 crore (₹4,556.01 lakh) due to a lack of confirmation from GHL. Management claims that other investments (NCPS and unsecured loans) are fully recoverable.

Investor Takeaway

Gayatri Projects has demonstrated a positive turnaround in its quarterly earnings, supported by a significant equity infusion. However, the company's financial health remains heavily dependent on the successful execution of its debt settlement plan with Punjab National Bank. Investors should closely track the sale of mortgaged assets to fund this OTS. Furthermore, the auditor's emphasis on asset recovery—specifically regarding subcontractor dues and associate company exposure—indicates that the balance sheet still carries significant risks. Management's ability to recover these overdue amounts will be a key indicator of future stability.

Key Highlights

Financial Snapshot

Gayatri Projects reported a standalone net profit of ₹36.78 crore (₹3,677.53 lakh) for the quarter ended June 30, 2026, reflecting a reversal from the net loss of ₹110.27 crore (₹11,027.19 lakh) recorded in the previous quarter (March 31, 2026). Revenue from operations for the quarter was ₹228.77 crore (₹22,877.35 lakh).

Strategic Developments

• Preferential Allotment: The company has completed a preferential allotment of 277,100,315 equity shares at an issue price of ₹10 per share, totaling ₹277.10 crore (₹27,710.03 lakh).
• Debt Settlement: The company reached a one-time settlement (OTS) with Punjab National Bank. The obligation requires a payment of ₹135.06 crore within three months, with authorization to sell mortgaged immovable properties to fund this payment.

Auditor Emphasis of Matter

The statutory auditors have drawn attention to several key areas in their review report:

• Collateral Enforcement: Reporting on the enforcement of collateral security under the SARFAESI Act.
• Associate Company Provisions: Provisioning for subordinate debt given to Gayatri Highways Limited.
• Subcontractor Recoveries: Delays in recovering advances and receivables from a subcontractor, leading to an expected credit loss provision.

Concerns and Watch Points

Exceptional Items

The company reported an exceptional item of ₹21.68 crore (₹2,167.52 lakh) during the quarter. This expenditure relates to payments made to lenders regarding Category II arbitration claims under an approved debt settlement scheme.

What This Means for Investors

Gayatri Projects has demonstrated a positive turnaround in its standalone profitability this quarter. The successful preferential allotment provides a capital infusion that may assist in meeting immediate financial obligations, such as the ₹135.06 crore debt settlement with Punjab National Bank. However, the auditor-highlighted provisions regarding subcontractor receivables and associate company investments suggest that operational risks and recovery of dues remain significant areas for management focus.

Investor Takeaway

Investors should view this quarter's results as a stabilizing event characterized by a return to profitability and proactive capital raising. The ability to execute the debt settlement with Punjab National Bank within the specified timeline is a critical milestone to watch. Additionally, the company's ongoing management of subcontractor and associate company exposures will continue to influence financial stability and cash flow health. Tracking progress on the OTS payment and the recovery of provisioned assets will be important for future analysis.

Key Highlights

Gayatri Projects Limited has formally notified the stock exchanges regarding the schedule for its upcoming board meeting.

Board Meeting Update

The Board of Directors of Gayatri Projects Limited is scheduled to meet on 12th August 2026. The primary agenda is to review and approve the company's unaudited standalone and consolidated financial results for the quarter ended 30th June 2026.

Compliance and Trading Window

In adherence to the Prevention of Insider Trading regulations, the company has implemented a trading window closure. Dealing in company shares is restricted for all Directors, Key Managerial Personnel (KMPs), officers, and designated employees until 14th August 2026. This filing is in compliance with Regulations 29 and 33 of the SEBI (LODR) Regulations, 2015.

What This Means for Investors

This is a routine administrative disclosure. The meeting date provides investors with a clear timeline for when the company's financial performance for the first quarter of the fiscal year will be made public.

Key Highlights

Preferential Allotment Details

Gayatri Projects Limited has finalized a preferential allotment to Zeal Global Opportunities Fund, a Mauritius-based entity not belonging to the promoter group. The allotment of 1,50,00,000 equity shares was dated April 23, 2026. This move marks an instance of institutional capital injection into the company.

Capital Expansion and Dilution Analysis

While the filing discloses an initial stake of 5.06% for the acquirer, the company's shareholding structure underwent significant changes immediately prior to this transaction.

• Capital Expansion: On April 22, 2026, the company's total share capital increased to 46,42,99,000 shares, up from 29,61,98,685 shares.
• Impact on Acquirer: This expansion effectively diluted the acquirer's holding from the initially calculated 5.06% to 3.23%.

Financial Context

Investor Takeaway

The entry of an institutional investor like Zeal Global Opportunities Fund is generally viewed as a sign of external interest. However, investors should pay close attention to the rapid and significant expansion of the company's equity base. The dilution of the new investor's stake within one day—dropping from 5.06% to 3.23%—underscores the impact of the company's ongoing capital raising activities. Shareholders should continue to monitor how these frequent changes to the capital structure affect future earnings per share and overall equity value.

Key Highlights

• Filing Type: Compliance Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018.
• Reporting Period: Quarter ended June 30, 2026.
• Registrar and Transfer Agent (RTA): KFin Technologies Limited.

Compliance Update

Gayatri Projects Limited has formally submitted the compliance certificate to the stock exchanges as required under the SEBI (Depositories and Participants) Regulations, 2018.

This filing provides confirmation from the company's RTA, KFin Technologies Limited, that the details of securities dematerialized and rematerialized during the quarter ended June 30, 2026, have been duly processed and furnished to the relevant stock exchanges.

What This Means for Investors

This is a procedural governance update. For investors, it confirms that the company is adhering to the standard regulatory requirements regarding the handling of shareholder securities. It does not provide insight into the company's financial health, order book, or future business strategy.

Investor Takeaway

This announcement is a routine statutory requirement and bears no material impact on the company's valuation or financial standing. Investors do not need to take any specific action regarding this filing.

Summary

• Gayatri Projects Limited has completed a preferential allotment of 10,90,00,000 equity shares.
• The shares were issued at ₹10 each (₹2 face value and ₹8 premium), raising a total of ₹1,090 crore.
• This issuance will increase the company's paid-up share capital from ₹374.40 crore (₹37,43,97,370) to ₹592.40 crore (₹59,23,97,370).
• The newly issued shares will rank pari-passu with existing equity shares.

Key Numbers & Dates

• Number of Equity Shares Allotted: 10,90,00,000 (10.90 crore)
• Issue Price per Share: ₹10 (₹2 face value + ₹8 premium)
• Total Funds Raised: ₹1,090 crore (₹109,00,00,000)
• Pre-Issue Paid-up Share Capital: ₹374.40 crore (₹37,43,97,370)
• Post-Issue Paid-up Share Capital: ₹592.40 crore (₹59,23,97,370)
• Board Meeting Date: September 25, 2025
• Shareholder EGM Approval: October 23, 2025
• BSE/NSE In-Principle Approval: April 7, 2026
• Allotment Committee Meeting: April 20, 2026

What Changes for the Business

• The company's paid-up equity share capital will increase significantly, reflecting the new shares issued.
• The newly allotted equity shares will have the same rights as existing shares, including dividends, and will rank pari-passu.

What to Track Next

• The company will apply to the stock exchanges (BSE and NSE) for listing and trading approval of the newly allotted shares.

Summary

• Gayatri Projects Limited has announced the voting results for its 36th Annual General Meeting (AGM) held on March 5, 2026.
• All resolutions put forth before the shareholders were passed with the requisite majority.

Key Numbers & Dates

• The 36th AGM was held on March 5, 2026.
• The cut-off date for determining eligible shareholders was February 26, 2026.
• A total of 45,623 shareholders were on record.
• 69 shareholders attended the meeting via video conference (7 from Promoters/Promoter Group and 62 from the Public).

What Changes for the Business

• The adoption of audited standalone and consolidated financial statements for the fiscal year ended March 31, 2025, has been approved.
• Key personnel re-appointments and remuneration matters, including those for directors and cost auditors, have received shareholder approval.

Summary

• Gayatri Projects Limited held its 36th Annual General Meeting (AGM) on March 5, 2026, conducted virtually.
• The Chairman discussed operational performance, the post-CIRP status, and future strategies for capital infusion and growth.
• Key resolutions were passed, including the adoption of audited financial statements and director re-appointments.
• E-voting results will be submitted by the scrutinizer within 48 hours.

Key Numbers & Dates

• AGM Date: March 5, 2026
• AGM Start Time: 3:05 PM
• AGM End Time: 3:44 PM
• Notice Date for AGM: December 29, 2025
• Financial Year Covered in Reports: Ended March 31, 2025
• Scrutinizer Report Submission Deadline: On or before March 7, 2026

What Changes for the Business

• The Chairman provided an overview of the company's operations post-CIRP and outlined future plans for capital infusion and growth, indicating strategic direction.

⚠️ What Could Go Wrong

• [Execution] The company is discussing future capital infusion plans; successful execution and timing are crucial for future growth.

What to Track Next

• Submission and announcement of e-voting results by the scrutinizer by March 7, 2026.
• Actual implementation of capital infusion plans and growth strategies discussed by the Chairman.

Summary

• Gayatri Projects Limited held its 35th Annual General Meeting (AGM) on February 27, 2026, conducted via Video Conference (VC) and Other Audio-Visual Means (OAVM).
• All resolutions presented to the shareholders were passed with the required majority, indicating shareholder approval for the company's proposals.
• The resolutions included adopting the audited financial statements, re-appointing a director, and ratifying the cost auditor's remuneration.

Key Numbers & Dates

• AGM Date: February 27, 2026
• Shareholders on Record Date: 45,721
• Cut-off Date for Voting Eligibility: February 20, 2026
• Attendees via Video Conference: 07 (Promoters/Group) + 52 (Public)
• Resolutions Passed: Adoption of Audited Financial Statements, Re-appointment of Director, Ratification of Cost Auditor Remuneration.

What Changes for the Business

• The successful passing of resolutions confirms shareholder confidence in the company's financial reporting, board composition, and cost audit appointments.

⚠️ What Could Go Wrong

• No specific risks were mentioned in the report regarding the voting outcomes or the AGM proceedings.

Results Snapshot

• This document reports the results of voting at the AGM, not financial results. All resolutions were passed.

What to Track Next

• No specific next steps or tracking items were mentioned in the provided text regarding the AGM outcome.

Summary

• Gayatri Projects Limited held its 35th Annual General Meeting (AGM) on February 27, 2026, via video conferencing.
• The meeting approved the audited standalone and consolidated financial statements for the financial year ended March 31, 2024.
• Key resolutions also included the re-appointment of Mrs. T. Sarita Reddy as a Director and the ratification of remuneration for the cost accountants for FY 2024-25.
• The AGM was conducted as per SEBI and MCA guidelines.

Key Numbers & Dates

• Annual General Meeting Date: February 27, 2026
• AGM Start Time: 3:00 PM
• AGM End Time: 3:47 PM
• AGM Notice Date: December 24, 2025
• Financial Year End (for statements): March 31, 2024
• Results Intimation Deadline: On or before March 2, 2026

What Changes for the Business

• The company's financial statements for FY 2024 have been formally adopted, providing clarity on its past performance.
• Mrs. T. Sarita Reddy's re-appointment ensures continuity in board leadership.
• Remuneration for the cost auditors for FY 2025 has been ratified, securing necessary compliance functions.

⚠️ What Could Go Wrong

• No specific risks or negative factors were mentioned in the text.

Concall: Investor Questions & Management Answers

• Not applicable as this is an AGM summary, not a concall transcript.

Results Snapshot

• No specific financial figures (e.g., revenue, profit) for the financial year ended March 31, 2024, were provided in this announcement, only the adoption of the statements was noted.

What to Track Next

• Submission of the Scrutinizer's consolidated report on e-voting.
• Intimation of AGM results to the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).
• Upload of AGM proceedings and e-voting results on the company's website and KFintech.

News Crux

Gayatri Projects Ltd announced its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. A key highlight was the withdrawal of its Corporate Insolvency Resolution Process (CIRP) following a successful one-time debt settlement (OTS) with lenders. The financial results reflect a significant turnaround, largely driven by a substantial exceptional item recognized during the quarter.

Quarterly Results

Consolidated Results:

• Quarter Ended 31st December 2025 (Q3 FY26):
  • Revenue from operations: ₹505.84 Cr
  • Other Income: ₹89.45 Cr
  • Total Income: ₹595.29 Cr
  • Total Expenses: ₹546.01 Cr
  • Profit/(Loss) before exceptional items and Tax: ₹49.19 Cr
  • Exceptional Items: ₹2,128.45 Cr (Gain from OTS)
  • Profit before Tax: ₹2,178.69 Cr
  • Net Profit after tax: ₹2,157.08 Cr
  • EPS (Basic & Diluted): ₹115.23
• **Year-on-Year (YoY) Comparison (Q3 FY26 vs Q3 FY25):
  • Revenue from operations increased by 457.4% from ₹90.83 Cr to ₹505.84 Cr.
  • Net Profit turned from a loss of ₹1.97 Cr to a profit of ₹2,157.08 Cr.
• **Quarter-on-Quarter (QoQ) Comparison (Q3 FY26 vs Q2 FY26):
  • Revenue from operations increased by 591.7% from ₹73.13 Cr to ₹505.84 Cr.
  • Net Profit turned from a loss of ₹3.38 Cr to a profit of ₹2,157.08 Cr.

Standalone Results:

• Quarter Ended 31st December 2025 (Q3 FY26):
  • Revenue from operations: ₹505.84 Cr
  • Other Income: ₹89.45 Cr
  • Total Income: ₹595.29 Cr
  • Total Expenses: ₹535.37 Cr
  • Profit/(Loss) before exceptional items and Tax: ₹59.92 Cr
  • Exceptional Items: ₹2,128.15 Cr (Gain from OTS)
  • Profit before Tax: ₹2,188.38 Cr
  • Net Profit after tax: ₹2,166.77 Cr
  • EPS (Basic & Diluted): ₹115.75
• **Year-on-Year (YoY) Comparison (Q3 FY26 vs Q3 FY25):
  • Revenue from operations increased by 457.4% from ₹90.83 Cr to ₹505.84 Cr.
  • Net Profit turned from a loss of ₹2.02 Cr to a profit of ₹2,166.77 Cr.
• **Quarter-on-Quarter (QoQ) Comparison (Q3 FY26 vs Q2 FY26):
  • Revenue from operations increased by 591.7% from ₹73.13 Cr to ₹505.84 Cr.
  • Net Profit turned from a loss of ₹6.70 Cr to a profit of ₹2,166.77 Cr.

Financial Deep Dive

The company reported a substantial exceptional item of ₹2,128.45 Cr (Consolidated) in Q3 FY26, primarily representing the gain arising from the difference between outstanding dues and the amount paid under the One-Time Settlement (OTS) with its lenders, following the withdrawal of CIRP. The OTS involved promoter contributions of ₹750 Cr fund-based and ₹1,229 Cr in guarantees. Detailed notes highlight significant accounting treatments including the write-off of ₹134.11 Cr of subordinate debt to an associate, with no provision made for other investments (NCPS, unsecured loan) from the same associate. A full provision was made for interest receivable on an Inter-Corporate Loan (ICL) due to collateral enforcement under SARFAESI. Work advances amounting to ₹54.99 Cr are receivable by September 2026.

⚠️ Investor Risks & Governance

• [Accounting Judgment] The auditor's report includes an "Emphasis of Matter" drawing attention to several accounting judgments and potential risks:
  • No provision for impairment has been made on the Compulsorily Convertible Cumulative Preference Shares (CCCPS) investment.
  • Subordinate debt to an associate has been written off, but no provision has been made for other investments (NCPS, unsecured loan) from the same associate.
  • A full provision has been made for interest receivable on an Inter-Corporate Loan (ICL), with specific recognition of amounts related to collateral enforcement under SARFAESI.
  • Work advances extended to a sub-contractor are reported as long pending for recovery.
  • The recovery of work & other advances and receivables from a sub-contractor is noted as delayed.

Key Events

• The Corporate Insolvency Resolution Process (CIRP) against the company was successfully withdrawn following an order from the Hon’ble National Company Law Tribunal (NCLT) Hyderabad on September 10, 2025. This followed the approval of a one-time full and final debt settlement proposal by the Committee of Creditors.

News Crux

Gayatri Projects Limited announced its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. The company reported a substantial consolidated net profit for the quarter, significantly driven by an exceptional gain from a One-Time Settlement (OTS) with its lenders. The withdrawal of Corporate Insolvency Resolution Process (CIRP) was also completed. The auditor's review report highlighted several matters requiring attention related to investments, loans, and advances.

Quarterly Results

Consolidated Results:

• Q3 FY26: Revenue from operations was ₹50,584.47 Lakhs (₹505.84 Cr), a significant increase of 457.4% compared to ₹9,082.92 Lakhs (₹90.83 Cr) in Q3 FY25. Net Profit after tax stood at ₹2,15,708.49 Lakhs (₹2,157.08 Cr), a substantial swing from a net loss of ₹197.03 Lakhs (₹1.97 Cr) in Q3 FY25. EPS was ₹115.23 vs ₹(0.28) YoY.
• Nine Months Ended FY26: Revenue from operations was ₹65,555.47 Lakhs (₹655.55 Cr), up 109.5% from ₹31,278.84 Lakhs (₹312.79 Cr) in the nine months ended FY25. Net Profit after tax was ₹2,15,312.47 Lakhs (₹2,153.12 Cr) compared to a net loss of ₹3,480.21 Lakhs (₹34.80 Cr) in the prior year. EPS was ₹115.02 vs ₹(2.03) YoY.
• Exceptional Items: A significant exceptional gain of ₹2,12,845.31 Lakhs (₹2,128.45 Cr) was recognized in Q3 FY26 (and 9M FY26) related to the difference between outstanding dues and amount paid as per the OTS. In the prior year (Q3 FY25 and 9M FY25), exceptional items resulted in a loss of ₹2,487.40 Lakhs (₹24.87 Cr).

Standalone Results:

• Q3 FY26: Revenue from operations was ₹50,584.47 Lakhs (₹505.84 Cr), a 457.4% YoY increase from ₹9,082.92 Lakhs (₹90.83 Cr) in Q3 FY25. Net Profit after tax was ₹2,16,677.04 Lakhs (₹2,166.77 Cr), compared to a net loss of ₹201.97 Lakhs (₹2.02 Cr) in Q3 FY25. EPS was ₹115.75 vs ₹(0.11) YoY.
• Nine Months Ended FY26: Revenue from operations was ₹65,555.47 Lakhs (₹655.55 Cr), up 109.5% from ₹31,278.84 Lakhs (₹312.79 Cr) in the nine months ended FY25. Net Profit after tax was ₹2,15,722.35 Lakhs (₹2,157.22 Cr) compared to a net loss of ₹3,681.08 Lakhs (₹36.81 Cr) in the prior year. EPS was ₹115.24 vs ₹(1.97) YoY.

Financial Deep Dive

The significant profit reported in the current periods is primarily attributed to an exceptional gain of ₹2,12,845.31 Lakhs (₹2,128.45 Cr) recognized from the company's One-Time Settlement (OTS) proposal with its lenders, following the successful withdrawal of the Corporate Insolvency Resolution Process (CIRP) under Section 12A of the IBC. The company paid the entire fund-based amount to its lenders as per the OTS. Various notes indicate write-offs and provisions for doubtful receivables and specific loans, including the write-off of ₹13,411.00 Lakhs (₹134.11 Cr) against subordinate debt.

⚠️ Investor Risks & Governance

Auditor's Emphasis of Matter: The independent auditors have drawn attention to several matters in their review report, indicating areas requiring close scrutiny by investors:

• Investment Impairment: No provision for impairment has been made on the Compulsorily Convertible Cumulative Preference Shares (CCCPS) investment in Gayatri Hi-tech Hotels Limited, with the company opining it's not required based on internal evaluations and future convertibility.
• Associate Company Exposures: While subordinate debt of ₹13,411.00 Lakhs to an associate (Gayatri Highways Ltd) was written off, no provision has been made for Non-Convertible Preference Shares (NCPS) and unsecured loan receivables from the same associate, based on management's view of recoverability.
• Inter-Corporate Loan (ICL): A provision has been made for the entire interest receivable on an Inter-Corporate Loan (ICL). Additionally, ₹15,455.00 Lakhs has been recognized under 'Other Current Assets' for collateral security enforcement under SARFAESI, pending the outcome of lender proceedings.
• Pending Recoveries: Work advances from certain subcontractors are noted as long pending for recovery. Recovery of work and other advances/receivables from another subcontractor has also been delayed.

Key Events

• The Corporate Insolvency Resolution Process (CIRP) initiated against the company was withdrawn by the Hon'ble National Company Law Tribunal (NCLT) on September 10, 2025, upon approval of the company's One-Time Settlement (OTS) proposal by the Committee of Creditors.
• As part of the OTS, the company paid the entire fund-based amounts to its lenders. Promoters offered fund-based support of ₹750.00 Cr and continuing guarantees for non-fund-based limits of ₹1,229.00 Cr.
• The company has recognized the difference amount of ₹2,38,400.10 Lakhs (₹2,384.00 Cr) between outstanding dues and amount paid to lenders as an exceptional gain.
• The company has also recognized ₹15,455.00 Lakhs as "Collateral Security Enforcement under SARFAESI" related to properties assigned by a subcontractor.

Gayatri Projects Limited released its Annual Report for FY 2024-25, detailing its financial performance and operational updates.

Financial Performance: For the fiscal year ended March 31, 2025, the company reported a standalone revenue of ₹449.72 crore, a decrease from ₹679.55 crore in the previous year. The standalone operations resulted in a net loss of ₹68.80 crore, widening from a loss of ₹53.02 crore in FY 2023-24. EBITDA also saw a significant decline to ₹2.52 crore from ₹46.54 crore in the prior year. The company's net worth remains severely eroded, with accumulated losses leading to a negative net worth of ₹1,472.91 crore as of March 31, 2025. The current ratio stands at a weak 0.50, indicating liquidity pressures.

Corporate Insolvency Resolution Process (CIRP) and Debt Resolution: The company successfully exited the Corporate Insolvency Resolution Process (CIRP) on September 10, 2025, after completing a One-Time Settlement (OTS) of ₹750 crore with its lenders. This has made the company largely debt-free, except for bank guarantees, and eligible to bid for larger projects.

Outlook and Operations: Management expressed optimism regarding future growth, supported by an order book of ₹5,500 crore. The company plans to focus on executing these orders to improve cash flows and is now positioned to bid for large-scale bulk projects. However, the company faces industry-specific risks common in the construction sector.

Auditor's Report and Other Disclosures: The independent auditor's report highlighted a material uncertainty related to the company's ability to continue as a going concern, despite the preparation of financials on a going concern basis post-CIRP exit. Significant contingent liabilities were noted, including ₹652.44 crore related to bank guarantees and ₹748.74 crore for disputed tax liabilities. The secretarial audit report also pointed out delays and non-compliance in regulatory filings during the CIRP period.

Consolidated Performance: On a consolidated basis, the company reported a profit after tax of ₹123.89 crore for FY24-25, largely due to adjustments related to the de-recognition of an associate company, masking the standalone operational performance.

Gayatri Projects Limited has issued a formal intimation regarding a Board Meeting scheduled for Saturday, February 14, 2026. The meeting will be held at the company's registered office in Hyderabad. The primary agenda item for this board meeting is to consider and approve the unaudited standalone and consolidated financial results for the quarter and period ended December 31, 2025. This announcement is made in compliance with Regulation 29 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. No specific financial performance data, outlook, or management commentary is available in this notice, as it solely pertains to the scheduling of the results announcement.

News Crux
Gayatri Projects Limited has notified the stock exchanges (BSE and NSE) about its upcoming 35th Annual General Meeting (AGM) for the Financial Year 2023-24. The company also confirmed the dispatch of its Annual Report and AGM Notice to shareholders.

Quarterly/Annual Results
This announcement does not contain any information regarding quarterly or annual financial results.

Guidance & Concall Commentary
No forward-looking guidance or details from a management concall are provided in this communication.

Financials (Income, Balance Sheet, Cash Flow, Ratios)
No financial statements, balance sheet items, cash flow information, or key ratios are presented in this notice.

Key Events
The primary event detailed is the scheduling of the 35th Annual General Meeting (AGM) for Gayatri Projects Limited, set to take place on February 27, 2026, via Video Conference (VC) / Other Audio Visual Means (OAVM). This is a standard corporate governance event.

Outlook
No information concerning the company's future outlook, strategic direction, or market prospects is included in this notification.

Gayatri Projects Limited has submitted its Annual Report for FY 2023-24, marking a significant step as the company emerges from Corporate Insolvency Resolution Process (CIRP). The report reveals a turnaround in operational performance for FY24 compared to the previous year.

Performance Highlights:
Standalone revenue for FY24 stood at ₹679.55 crore, a decrease of 33.2% YoY from ₹1,017.21 crore in FY23. However, the company reported a substantial reduction in its standalone net loss to ₹53.02 crore for FY24, a significant improvement from the ₹1426.10 crore loss recorded in FY23. EBITDA also turned positive, reaching ₹46.54 crore in FY24, a marked turnaround from a negative EBITDA of ₹656.34 crore in FY23.

Outlook and Financial Health:
The company holds a current order book of ₹5,500 crore and expresses optimism about strengthening it further through anticipated new orders. Following the successful completion of its One-Time Settlement (OTS) of debts totaling ₹750 crore, and subsequent withdrawal of CIRP by the NCLT on September 10, 2025, Gayatri Projects is now debt-free, excluding bank guarantees. This improved financial standing allows the company to bid for larger projects. Management is focusing on executing the existing order book to improve cash flows and is exploring equity raising, including a proposed ₹314 crore preferential issue to promoters and non-promoters, to infuse working capital.

Financial Deep Dive:
The balance sheet indicates an eroded net worth due to accumulated past losses, with Reserves & Surplus at ₹(1,43,673.77) lakh as of March 31, 2024. Total borrowings remain substantial at ₹3,67,217.11 lakh. Cash flow from operations, while negative, showed improvement, with cash used of ₹11,151.87 lakh compared to ₹86,320.96 lakh in the prior year. Key financial ratios, such as the current ratio of 0.51, highlight ongoing liquidity concerns, and the debt-to-equity ratio remains negative due to the eroded net worth.

Key Events and Future Strategy:
The submission of the Annual Report and the upcoming AGM on February 27, 2025, are routine compliance events. The most significant development is the company's successful emergence from CIRP and debt settlement. The company also incurred fines from stock exchanges for delayed compliance during the CIRP period, which are being addressed. The strategy moving forward involves focusing on order book execution, improving operational efficiencies, and strengthening the balance sheet through potential equity raises.

Gayatri Projects Limited has submitted a request to the Bombay Stock Exchange (BSE) to cancel or ignore a filing that was made on January 5, 2026. The filing in question was an 'Intimation for Board Meeting for Approval Of UFR For 31st December 2025'. The company has explained that this filing was made erroneously and is not related to Gayatri Projects Limited, but rather to another company. This mistake occurred due to the use of the same login ID for multiple filings, and the company emphasized that it was purely unintentional. Gayatri Projects Limited has extended a sincere apology for any inconvenience caused by this procedural error.

Gayatri Projects Limited has submitted a clarification to the BSE regarding the late submission of the outcome of its Board Meeting held on December 24, 2025, and the subsequent financial results. The company stated that it was admitted to the Corporate Insolvency Resolution Process (CIRP) on November 15, 2022, and was withdrawn from these proceedings on September 10, 2025. As a consequence of being under CIRP, there were lapses in compliance with various regulations. Following the withdrawal from CIRP, a new Board of Directors has been constituted, which is now working to submit pending compliances in a phased manner. In this context, the Board of Directors convened on December 24, 2025, to approve all four quarters of unaudited/audited standalone and consolidated financial results simultaneously. The meeting commenced at 10:00 a.m. and concluded at 12:00 noon. The consolidated outcome was submitted at 12:07 p.m., followed by the submission of quarterly financials for the periods ending June 30, 2023, September 30, 2023, December 31, 2023, and March 31, 2024, throughout the afternoon of the same day. The company also noted that it is listed on NSE, and the delay in submission was attributed to the concurrent submission of all four quarters' results to both exchanges, along with a slow internet connection experienced on that particular day. The company requested that these circumstances be considered for the delayed filing. This communication does not contain specific financial results, performance metrics, future guidance, or balance sheet/cash flow details.

The news is a formal clarification from Gayatri Projects Limited to BSE Limited regarding the late submission of its board meeting outcome and subsequent financial results. The company was under Corporate Insolvency Resolution Process (CIRP) from November 15, 2022, and was successfully withdrawn from these proceedings on September 10, 2025. Following the exit from CIRP, a new Board was constituted, and the company has been working on submitting pending compliances in a phased manner. The primary reason for the delay was that the Board of Directors approved all four quarters of unaudited/audited standalone and consolidated financial results in a single meeting held on December 24, 2025. This meeting commenced at 10:00 a.m. and concluded at 12:00 p.m. The outcome of the board meeting was submitted at 12:07 p.m. Subsequently, the quarterly financials for the periods ending June 30, 2023; September 30, 2023; December 31, 2023; and March 31, 2024, were submitted between 12:15 p.m. and 12:48 p.m. on the same day, with a revision for the March 31, 2024 quarter at 1:05 p.m. The company noted that the delay was compounded by the need to submit all four quarters' financials simultaneously for both BSE and NSE, and a slow internet connection on the day of submission, which it stated was purely unintentional.

Gayatri Projects Limited has issued a clarification to the BSE regarding the late submission of its financial results for the fiscal year 2024. The company was admitted to the Corporate Insolvency Resolution Process (CIRP) on November 15, 2022, and was withdrawn from these proceedings on September 10, 2025. During the CIRP period, certain lapses in regulatory compliance occurred. Following the constitution of a new Board, the company has been submitting pending compliances in a phased manner.

As part of this process, the Board of Directors of Gayatri Projects Limited approved all four quarters' unaudited/audited standalone and consolidated financial results in a single meeting held on December 24, 2025. The meeting, which commenced at 10:00 a.m. and concluded at 12:00 noon, saw the outcome of the board meeting submitted at 12:07 p.m. Subsequently, the quarter-wise financials were submitted: for the quarter ended June 30, 2023, at 12:15 p.m.; for the quarter/half-year ended September 30, 2023, at 12:48 p.m.; for the quarter ended December 31, 2023, at 12:37 p.m.; and for the quarter/year ended March 31, 2024, at 12:42 p.m., with a revision at 1:05 p.m. The company noted that the delay was primarily due to the simultaneous submission of all four quarters' results for both BSE and NSE, combined with a slow internet connection on that particular day, which was unintentional.

Gayatri Projects Limited has issued a clarification to the BSE regarding the delayed submission of its board meeting outcome and subsequent financial results. The company explained that it was admitted to the Corporate Insolvency Resolution Process (CIRP) on November 15, 2022, and was only withdrawn from these proceedings on September 10, 2025. During the CIRP period, the company experienced lapses in complying with various regulations.

Following its exit from CIRP, a new Board of Directors has been constituted. This new board convened a meeting on December 24, 2025, where it approved all four quarters' unaudited/audited standalone and consolidated financial results. The company further stated that the outcome of this board meeting was submitted promptly at 12:07 PM on the same day.

However, the submission of the quarterly financials themselves was delayed. These results, pertaining to the quarters ended June 30, 2023; September 30, 2023; December 31, 2023; and March 31, 2024, were submitted on January 22, 2026. The company attributed this delay to the simultaneous submission of all four quarters' results for both BSE and NSE and cited slow internet connectivity on the day of submission as a contributing technical factor. The company requested that these circumstances be considered for the late filing. No specific financial performance data, outlook, or guidance was provided in this communication.

Gayatri Projects Limited has issued a clarification to the BSE regarding the delayed submission of its board meeting outcome and subsequent financial results. The company explained that it was admitted to the Corporate Insolvency Resolution Process (CIRP) on November 15, 2022, and was only withdrawn from these proceedings on September 10, 2025. During the CIRP period, the company experienced lapses in complying with various regulations.

Following its exit from CIRP, a new Board of Directors has been constituted. This new board convened a meeting on December 24, 2025, where it approved all four quarters' unaudited/audited standalone and consolidated financial results. The company further stated that the outcome of this board meeting was submitted promptly at 12:07 PM on the same day.

However, the submission of the quarterly financials themselves was delayed. These results, pertaining to the quarters ended June 30, 2023; September 30, 2023; December 31, 2023; and March 31, 2024, were submitted on January 22, 2026. The company attributed this delay to the simultaneous submission of all four quarters' results for both BSE and NSE and cited slow internet connectivity on the day of submission as a contributing technical factor. The company requested that these circumstances be considered for the late filing. No specific financial performance data, outlook, or guidance was provided in this communication.

Gayatri Projects Limited has submitted a compliance certificate to the BSE and NSE for the quarter ended December 31, 2025. This filing is made under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The certificate, issued by KFin Technologies Limited, the company's Registrar and Transfer Agent (RTA), confirms that the details of securities dematerialized and rematerialized during the specified quarter have been furnished to all the stock exchanges where Gayatri Projects Limited is listed.

This announcement is a procedural compliance measure and does not contain any information regarding the company's quarterly or annual financial results, management guidance, operational performance, or future outlook. The report solely serves to affirm the company's adherence to the regulations governing depositories and participants in the securities market, ensuring the proper management and tracking of its share capital in dematerialized form. No new financial data, strategic updates, or significant corporate events are reported herein.

Pankaj Polymers Limited has announced that a meeting of its Board of Directors is scheduled to be held on Saturday, January 10, 2026, at the company's registered office in Secunderabad. The primary purpose of this meeting is to consider and approve the unaudited financial results for the quarter and period ended December 31, 2025. Furthermore, the company has stated that the trading window for dealing in the shares of Pankaj Polymers Limited for all Directors, KMPs, officers, and designated employees will remain closed until January 12, 2026. This announcement is made in compliance with SEBI (LODR) Regulations, 2015.

Gayatri Projects Limited has filed its unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2025. The company reported a consolidated net loss of ₹337.69 Lakhs for the quarter and ₹396.02 Lakhs for the half-year, while standalone net losses stood at ₹669.88 Lakhs and ₹954.69 Lakhs, respectively. These results follow the company's exit from Corporate Insolvency Resolution Process (CIRP) on September 10, 2025, after the NCLT approved the promoters' debt settlement proposal.

Financially, the company continues to grapple with significant challenges. The net worth remains severely eroded, with the consolidated equity standing at a negative ₹1,44,099.01 Lakhs and standalone equity at ₹1,47,195.72 Lakhs as of September 30, 2025. The auditors, in their limited review report, have drawn attention to a material uncertainty related to the going concern assumption. This is attributed to the company's accumulated losses, default in loan repayments, and the initiation of CIRP proceedings, although the withdrawal of CIRP and the payment of fund-based amounts under the One-Time Settlement (OTS) proposal by the promoters offer a path forward.

The company's financial statements are replete with notes detailing significant contingent liabilities, provisions, and issues with investments in associate and subsidiary companies, including a substantial contingent liability of ₹63,130.79 Lakhs related to uninvoked bank guarantees. Management expresses confidence in the company's ability to continue as a going concern, citing the successful CIRP withdrawal and the ongoing capital raising efforts, including a preferential issuance plan approved by shareholders, aimed at bolstering the financial base.

Revenue from operations for the quarter stood at ₹7,312.66 Lakhs on a consolidated basis, a decrease of approximately 28.7% year-on-year compared to ₹10,255.15 Lakhs in Q2 FY25. The company's operational focus remains on construction activities. Despite the ongoing financial strains and auditor's concerns, the management is actively working on recovery and financial stabilization.

Gayatri Projects Limited has announced its unaudited standalone and consolidated financial results for the first quarter ended June 30, 2025 (Q1 FY26), following its exit from Corporate Insolvency Resolution Process (CIRP) on September 10, 2025, and the subsequent restoration of management control on September 16, 2025.

**Quarterly Results (Q1 FY26 vs Q1 FY25):
**

• Standalone: Revenue from operations stood at ₹7,658.34 Lakhs, a decrease of 36.3% year-on-year (YoY) from ₹11,940.77 Lakhs in Q1 FY25. The company reported a net loss after tax of ₹282.67 Lakhs, a significant improvement from the ₹1,640.20 Lakhs net loss in the prior year's comparable quarter. Basic and Diluted Earnings Per Share (EPS) was (₹0.15).
• Consolidated: Revenue from operations was also ₹7,658.34 Lakhs, down 36.3% YoY from ₹11,940.77 Lakhs. The consolidated net loss after tax for the quarter was ₹58.33 Lakhs, an improvement from the ₹1,285.69 Lakhs net loss in Q1 FY25. Basic and Diluted EPS was (₹0.03).

Financial Health and Auditor Observations:
Despite the narrowed losses and the successful exit from CIRP facilitated by a promoter-led debt settlement proposal, the company's financial position remains precarious. The auditors, M/s. Atmakuri & Co, continue to highlight a material uncertainty regarding the company's ability to continue as a going concern. This uncertainty is attributed to the complete erosion of net worth in standalone results, past defaults in loan repayments, and the initiation and subsequent withdrawal of CIRP proceedings. The auditors' review reports for both standalone and consolidated results emphasize these concerns.

Key Financial Issues and Contingent Liabilities:
The company carries significant contingent liabilities, including ₹63,883.43 Lakhs related to uninvoked Bank Guarantees and corporate guarantees amounting to ₹1,82,735.00 Lakhs for certain projects. Notes to the financial results also detail various long-pending recoveries of inter-corporate loans, advances to subcontractors, and investments in associate/subsidiary companies, some of which have provisions for expected credit losses or are subject to ongoing legal and recovery efforts. Management expresses confidence in recovering some of these dues and the overall business operations post-OTS, but the auditors maintain a cautious stance.

Outlook:
While the company has successfully navigated its insolvency process and has a new board and management in place, the path to financial stability and sustainable growth is challenging. The focus remains on recovery and financial normalization. The upcoming financial results will be crucial for investors to monitor the company's progress in addressing its eroded net worth and significant contingent liabilities.

Gayatri Projects Limited has announced its audited standalone and consolidated financial results for the fiscal year ended March 31, 2025. A pivotal event was the company's successful exit from the Corporate Insolvency Resolution Process (CIRP) on September 10, 2025, subsequent to the National Company Law Tribunal (NCLT) approving the promoters' One-Time Settlement (OTS) proposal. This development led to the restoration of management control to the promoters and significant board restructuring, including the appointment of a new Chairman & Managing Director, CFO, and Independent Directors.

For FY25, the company reported a consolidated net profit of ₹15,869.31 Lakhs (₹158.7 Cr), indicating a turnaround from the prior year's consolidated net loss. This positive consolidated outcome is influenced by various adjustments, including the de-recognition of an associate. However, standalone operations continue to face challenges, with a net loss widening to ₹31,985.3 Lakhs (₹319.8 Cr) for FY25, on standalone revenue from operations of ₹1,37,136 Lakhs (₹1371.36 Cr). The company's net worth remains severely eroded and negative on both standalone and consolidated bases. Significant contingent liabilities related to guarantees were noted, and an exceptional item of ₹3,304.3 Lakhs was recorded due to invoked Performance Bank Guarantees.

The company has outlined a plan to raise substantial capital through a preferential issuance. Following shareholder approval at an EGM on October 23, 2025, the company intends to raise approximately ₹314 crore by issuing equity shares at ₹10 per share. This capital infusion is crucial for strengthening the company's financial base and supporting its operations post-CIRP.

Despite these efforts towards recovery and financial stabilization, statutory auditors have repeatedly flagged a material uncertainty regarding the company's ability to continue as a going concern. This concern stems from accumulated losses, a negative net worth, past defaults, and ongoing liquidity challenges, even though the CIRP has been withdrawn and debt settlement proposals accepted. The auditor's report details various risks associated with investments in associates, inter-corporate loans, and the recovery of receivables.

Gayatri Projects Limited has announced its unaudited financial results for the quarter and nine months ended December 31, 2024. The company reported a consolidated net loss of ₹197.03 Lakhs for Q3 FY25, marking an improvement from a loss of ₹1,239.78 Lakhs in the same period last year (Q3 FY24). On a standalone basis, the net loss was ₹201.97 Lakhs, also an improvement from ₹1,352.61 Lakhs YoY. However, revenue from operations continued to decline, with consolidated revenue at ₹9,082.92 Lakhs for Q3 FY25, down approximately 30% from ₹13,009.68 Lakhs in Q3 FY24. The nine-month period ending December 31, 2024, also reflected this trend, with consolidated net loss reducing to ₹3,480.21 Lakhs (from ₹4,631.30 Lakhs YoY), while revenue decreased to ₹31,278.84 Lakhs (from ₹51,509.29 Lakhs YoY).

The company has successfully exited the Corporate Insolvency Resolution Process (CIRP) on September 10, 2025, following the National Company Law Tribunal's (NCLT) approval of the promoter's debt settlement proposal. Management control has been restored. Despite this significant milestone, the independent auditors, Atmakuri & Co., have expressed a 'material uncertainty related to going concern' in both their standalone and consolidated review reports. This concern stems from the complete erosion of the company's net worth, defaults in loan repayments, and substantial contingent liabilities, including ₹65,593.91 Lakhs related to un-invoked bank guarantees and significant corporate guarantees. While the financial statements are prepared on a going concern basis as directed by the NCLT and following the successful fund-based payment under the promoter's One-Time Settlement (OTS) plan, the auditor's caution highlights persistent financial risks.

Further details in the financial notes reveal significant challenges. The company holds investments in associate and subsidiary companies with notes detailing potential impairments and write-offs, alongside ongoing efforts to recover inter-corporate loans and receivables. Provisions have been made for EPC receivables from Sai Matarani Tollways Limited (SMTL) and expected credit losses on advances to certain sub-contractors, indicating the difficulty in realizing these assets. The company's financials reflect the impact of past operational issues, project terminations, and working capital constraints.

Although the company has exited CIRP and has previously approved plans for substantial capital raising (approx. ₹314 Crores through preferential issuance) to strengthen its financial base, the auditor's emphasis on the going concern uncertainty underscores the significant hurdles that remain for its long-term financial recovery and operational stability.

Gayatri Projects Limited has announced its unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2024. For the quarter ended September 30, 2024, standalone revenue from operations was ₹10,255.15 Lakhs, a QoQ decrease of 14.04% from ₹11,930.77 Lakhs in Q1 FY25. YoY, revenue fell 44.23% to ₹10,255.15 Lakhs from ₹18,389.00 Lakhs in Q2 FY24. Standalone net loss remained stable QoQ at ₹1,640.20 Lakhs, but narrowed YoY by 11.34% from ₹1,838.90 Lakhs in Q2 FY24.

Consolidated results mirrored the QoQ revenue decline of 14.04%. Consolidated net loss for Q2 FY25 was ₹1,285.69 Lakhs, narrowing by 36.64% compared to the ₹1,997.48 Lakhs loss in Q2 FY24. For the half-year ended September 30, 2024, consolidated revenue declined YoY by 28.2% to ₹22,185.92 Lakhs, with net losses narrowing to ₹3,283.17 Lakhs from ₹3,391.52 Lakhs in H1 FY24.

The company has successfully exited Corporate Insolvency Resolution Process (CIRP) on September 10, 2025, following the National Company Law Tribunal's (NCLT) approval of the promoters' debt settlement proposal. Management control was restored in September 2025. Despite these positive steps, auditors continue to flag material uncertainty regarding the going concern basis due to accumulated losses and a severely eroded net worth.

In a bid to strengthen its financial base, the company's Board has approved a significant capital enhancement plan, including an increase in authorized capital to ₹120 crore and a preferential issuance of equity shares aiming to raise approximately ₹314 crores. This move is crucial for its financial recovery and future operations. The notes to the financial results detail significant investments, inter-corporate loans, receivables, contingent liabilities, and provisions, highlighting the complex financial position the company is working to resolve. The company is actively pursuing recovery of various dues and addressing contingent liabilities.

Gayatri Projects Limited has announced its unaudited standalone and consolidated financial results for the quarter ended June 30, 2024. The results reflect ongoing financial challenges post-exit from Corporate Insolvency Resolution Process (CIRP), with a widened standalone net loss and a consolidated net loss, despite a narrowing of the consolidated loss on a year-on-year basis.

For Q1 FY25, Gayatri Projects reported standalone revenue from operations of ₹11,940.77 Lakhs, a year-on-year decrease of 35.4% from ₹18,480.33 Lakhs in Q1 FY24. The standalone net loss after tax widened to ₹1,640.20 Lakhs compared to a net loss of ₹3,626.03 Lakhs in Q1 FY24. Basic and Diluted EPS stood at ₹(0.88).

Consolidated revenue was ₹11,940.77 Lakhs. The consolidated net loss for the quarter was ₹1,285.69 Lakhs, a significant YoY improvement from a loss of ₹3,817.87 Lakhs in Q1 FY24. However, this represented a substantial deterioration from the consolidated net profit of ₹8,777.18 Lakhs recorded in Q4 FY24. Consolidated Basic and Diluted EPS was ₹(0.69).

No forward-looking guidance or specific management commentary regarding future outlook was provided in this results filing. The financial statements indicate significant ongoing financial distress. While the company has exited CIRP and completed its One-Time Settlement (OTS) proposal, its net worth remains completely eroded. The company is pursuing recoveries from various entities, including an associate company and an inter-corporate loan, and faces substantial contingent liabilities related to guarantees.

The auditors' review report explicitly highlights material uncertainty regarding the going concern basis for both standalone and consolidated financial results. The primary event is the filing of Q1 FY25 unaudited financial results, following the company's successful exit from CIRP on September 10, 2025. Management expresses confidence in the company's ability to continue as a going concern and recover dues, but this is contrasted by the auditors' concerns, underscoring the significant financial risks and the need for successful debt realization and operational turnaround.

Gayatri Projects Limited's Board of Directors held a meeting on December 29, 2025, to consider and approve several financial results.

The Board approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2024 (Q1 FY25), the quarter/half-year ended September 30, 2024 (Q2 FY25), and the quarter/period ended December 31, 2024 (Q3 FY25). Additionally, the audited standalone and consolidated financial results for the quarter and full fiscal year ended March 31, 2025 (FY25) were approved.

This meeting and subsequent filings are a critical step in the company's process of normalizing its financial reporting after exiting the Corporate Insolvency Resolution Process (CIRP) in September 2025. The company had previously reported severe financial distress for FY23, including substantial losses and an eroded net worth, alongside significant delays in financial disclosures. The approval of these results, covering periods up to March 31, 2025, in late December 2025, highlights the ongoing efforts to meet regulatory requirements and provide transparency to stakeholders following its restructuring and management control restoration.

Gayatri Projects Limited has formally announced that a meeting of its Board of Directors is scheduled to be held on Wednesday, December 31, 2025. The primary purpose of this meeting is to consider and approve the unaudited standalone and consolidated financial results for the first quarter ended June 30, 2025, and the second quarter/half-year ended September 30, 2025. This intimation is in compliance with Regulation 29 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

This announcement is significant given the company's recent history. Gayatri Projects Limited successfully exited its Corporate Insolvency Resolution Process (CIRP) on September 10, 2025, following the National Company Law Tribunal's (NCLT) approval of a promoter-led debt settlement proposal. Following this, the company underwent substantial board and management restructuring, including the appointment of new key personnel and directors throughout September and October 2025. Furthermore, the company has approved significant capital raising measures, including preferential issuances, to bolster its financial position. The approval of these financial results marks another step towards restoring normal corporate operations and financial transparency after a period of distress, which included severe losses, eroded net worth, and auditor concerns about the going concern basis in previous financial periods.

The upcoming financial results for Q1 and Q2 FY26 will provide the latest update on the company's financial performance post-CIRP and post-restructuring. Investors will be looking for indications of operational recovery and financial stability, particularly in light of past challenges such as eroded net worth and auditor qualifications regarding the going concern assumption. The company's ability to meet its obligations from the debt settlement proposal and the impact of the planned capital infusion on its financial structure will be key areas of focus as it moves forward.

Gayatri Projects Limited has filed its audited financial results for the fiscal year ended March 31, 2024, following a significant period of financial distress and its exit from the Corporate Insolvency Resolution Process (CIRP) on September 10, 2025. The exit was enabled by a One-Time Settlement (OTS) proposal from the promoters, approved by over 97% of the Committee of Creditors (CoC) members and the National Company Law Tribunal (NCLT).

Performance Analysis:
The company reported a turnaround in its consolidated financial performance for FY24, posting a net profit of ₹4,145.88 Lakhs. This marks a substantial improvement from the consolidated net loss of ₹1,50,411.42 Lakhs recorded in FY23. Consolidated revenues for FY24 stood at ₹67,955.03 Lakhs, a decrease of approximately 33.2% compared to FY23 revenues of ₹1,01,720.97 Lakhs. The consolidated Earnings Per Share (EPS) improved to ₹2.21 for FY24.

However, the standalone financial results for FY24 continued to reflect a net loss of ₹5,301.82 Lakhs, with a standalone EPS of ₹(2.89). The company's net worth remains severely eroded and negative as of March 31, 2024, for both consolidated (-₹1,55,523.74 Lakhs) and standalone (-₹1,39,929.80 Lakhs) figures, although the consolidated net worth saw a slight improvement from FY23.

Outlook and Discussion:
Following its exit from CIRP and the successful debt settlement, company management expresses confidence in its ability to continue as a going concern on a standalone basis. The primary focus will be on stabilizing operations and utilizing the recently approved capital infusion. No specific forward-looking revenue or margin guidance has been provided.

Financial Deep Dive:

• Income Statement: The key driver for the consolidated profit in FY24 was the cessation of massive losses from FY23, coupled with continued substantial operating expenses, including finance costs and other expenses. Consolidated revenues remained significant but lower than the previous year.
• Balance Sheet: The balance sheet is characterized by a negative net worth, indicating that liabilities far exceed assets. Current liabilities significantly exceeded current assets on a standalone basis.
• Cash Flow: Operating activities generated negative cash flow for FY24 on both consolidated and standalone bases, indicating cash burn from core operations. Investing activities provided a positive inflow (Consolidated: ₹26,104.47 Lakhs), partly due to the sale of an investment. Financing activities showed a net outflow on consolidated basis (-₹13,870.81 Lakhs) primarily due to repayment of long-term borrowings, offset by short-term borrowings.
• Key Ratios: EPS figures reflect the financial performance. Due to negative net worth, standard profitability ratios like ROE/ROCE and debt-to-equity ratios are not meaningful or indicate extreme leverage.

Key Events and Red Flags:
A major event was the successful exit from CIRP on September 10, 2025, after the NCLT approved the promoter's debt settlement proposal. This was followed by significant board and management restructuring, with new leadership appointed, including a Chairman & Managing Director and CFO. Crucially, the company's board approved a plan to raise approximately ₹314 crores through a preferential issuance of equity shares to promoters and non-promoters, pending shareholder approval at an EGM held on October 23, 2025.

Despite the positive steps, auditors continue to flag material uncertainties regarding the going concern basis for the consolidated financial results. Key red flags include the deeply eroded net worth, significant contingent liabilities from corporate guarantees (e.g., ₹2,15,018 Lakhs for SMTL), and various long-pending recovery issues from associate companies and subcontractors. The auditors have also noted issues related to investments in subsidiaries and associate companies and potential recoverability of certain loans and advances. The company has appointed new statutory auditors, M/s. Atmakuri & Co., for FY24 to FY28.

Gayatri Projects Limited has filed its unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2023, with a significant delay, on December 24, 2025. This filing follows the company's exit from Corporate Insolvency Resolution Process (CIRP) on September 10, 2025, after promoters successfully proposed a debt settlement plan approved by creditors and the NCLT.

For the second quarter of FY24 (ended September 30, 2023), the company reported standalone revenue from operations of ₹20,019.28 Lakhs, a sharp YoY decrease of approximately 66.6% compared to ₹59,880.80 Lakhs in Q2 FY23. However, on a standalone basis, the company posted a net profit after tax of ₹412.00 Lakhs, a significant turnaround from a net loss of ₹66,043.37 Lakhs in the same period last year. Consolidated revenue for Q2 FY24 stood at ₹20,019.28 Lakhs, down ~36.7% YoY from ₹31,624.6 Lakhs in Q2 FY23. Consolidated net profit after tax for Q2 FY24 was ₹426.35 Lakhs, a marked improvement from a net loss of ₹26,832.74 Lakhs in Q2 FY23. For the half-year ended September 30, 2023, standalone net loss narrowed to ₹3,214.03 Lakhs from ₹1,42,610.18 Lakhs in H1 FY23, while consolidated net loss also reduced to ₹3,391.52 Lakhs from ₹66,022.34 Lakhs YoY. Standalone EPS was ₹0.32 for Q2 FY24 and ₹(1.72) for H1 FY24. Consolidated EPS was ₹0.23 for Q2 FY24 and ₹(1.94) for H1 FY24.

The company experienced an exceptional item of ₹4,069.40 Lakhs in Q2 FY24, related to the arbitrary invocation of Performance Bank Guarantees by NHAI and Uttar Pradesh Jal Nigam. Despite the reported profit for the quarter, the company's financial position remains precarious. The balance sheet reveals a significantly eroded net worth with substantial negative equity, alongside very high levels of debt, particularly short-term borrowings. Cash flow from operations remains negative, and auditors continue to highlight "material uncertainty regarding going concern" in their reports, citing accumulated losses, defaults in loan repayments, and issues with various receivables and investments.

Key events include the successful exit from CIRP in September 2025 via a promoter-led One-Time Settlement (OTS) proposal. Management control has been restored to the promoters. The company has also approved a preferential issuance of shares to raise capital, with shareholder approval sought in October 2025, aiming to bolster its financial base post-CIRP. The outlook is cautiously optimistic, contingent on the successful implementation of the debt settlement, future capital infusions, and the resolution of numerous outstanding financial uncertainties and contingent liabilities detailed extensively in the financial notes.

Gayatri Projects Limited has submitted its audited financial results for the fiscal year ended March 31, 2024, following its successful exit from the Corporate Insolvency Resolution Process (CIRP) on September 10, 2025. This exit was facilitated by the National Company Law Tribunal's (NCLT) approval of the promoters' One-Time Settlement (OTS) proposal, leading to the restoration of management control to the promoters on September 16, 2025.

For the fiscal year ended March 31, 2024, the company reported a consolidated net profit of ₹4,145.88 Lakhs. This marks a significant turnaround from the consolidated net loss of ₹1,50,411.42 Lakhs recorded in the previous fiscal year (FY23). However, on a standalone basis, Gayatri Projects Limited registered a net loss of ₹5,301.82 Lakhs for FY24, a considerable reduction from the standalone net loss of ₹1,42,610.18 Lakhs in FY23. A critical aspect highlighted in the auditors' reports is the complete erosion of the company's net worth on both standalone and consolidated bases as of March 31, 2024.

Financially, the consolidated total income for FY24 stood at ₹71,695.83 Lakhs, with standalone revenue from operations at ₹67,955.03 Lakhs. The balance sheet reflects a precarious situation with negative equity. Standalone total equity is ₹(1,39,929.80) Lakhs, and consolidated total equity is ₹(1,55,523.74) Lakhs as of March 31, 2024, indicating liabilities significantly outweighing assets. Cash flow from operations for FY24 resulted in an outflow of ₹10,953.37 Lakhs on a consolidated basis, while investing activities provided ₹26,104.47 Lakhs, largely from investment sales, and financing activities saw a net outflow of ₹14,080.98 Lakhs.

Key corporate events include the successful exit from CIRP, board and management restructuring, and approval for a substantial capital enhancement. On September 25, 2025, the Board approved increasing authorized capital to ₹120 crore to support a preferential issuance of up to ₹314 crore, which received shareholder approval at an EGM on October 23, 2025. New statutory auditors, M/s. Atmakuri & Co, were appointed for FY24-FY28 at the Annual General Meeting (AGM) held on December 17, 2025. The audited financial results for FY24 were approved by the Board on December 24, 2025.

The company's outlook remains cautious. While the financial statements are prepared on a going concern basis, supported by the CIRP withdrawal and debt settlement, the auditors' reports explicitly state a 'material uncertainty related to going concern'. This is attributed to accumulated losses and the complete erosion of net worth. The approved capital infusion is a strategic move aimed at strengthening the financial foundation to navigate future operations and growth.

Gayatri Projects Limited has announced its unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2023, filed on December 24, 2025. This filing marks a significant delay in reporting.

Financial Performance:
The company continues to report substantial net losses. For the third quarter of FY24, the standalone net loss was ₹1,352.61 Lakhs, and the consolidated net loss was ₹1,239.78 Lakhs. For the nine months ended December 31, 2023, the standalone net loss stood at ₹4,566.64 Lakhs, and the consolidated net loss was ₹4,631.30 Lakhs. These results further deepen the erosion of the company's net worth, which is stated to be completely eroded and negative.

Revenue from operations also saw a year-on-year decline; standalone and consolidated revenue for Q3 FY24 stood at ₹13,009.68 Lakhs, a significant drop from ₹23,288.9 Lakhs in Q3 FY23.

Going Concern and Auditor's Report:
A critical highlight from the auditor's review report is the "material uncertainty related to going concern." The auditors noted the accumulated losses (₹1,93,379.17 Lakhs standalone and ₹2,19,222.71 Lakhs consolidated as of December 31, 2023), the negative net worth, and the previous defaults, leading to CIRP initiation. Despite the company's exit from CIRP following a promoter-led debt settlement proposal and subsequent payment of fund-based amounts, the auditors maintain that this uncertainty casts doubt on the company's ability to continue as a going concern. However, the management opines that the company will continue as a going concern.

Post-CIRP Context and Capital Raising:
The company successfully exited the Corporate Insolvency Resolution Process (CIRP) on September 10, 2025, following the National Company Law Tribunal's (NCLT) approval of a promoter's debt settlement proposal. Management control was restored from September 16, 2025. In line with its recovery strategy, the company's Board approved a significant capital enhancement plan in September 2025, including preferential issuances to promoters and non-promoters (up to ₹314 crores) and an Employee Share Purchase Scheme, subject to shareholder approval obtained in October 2025. This capital infusion is crucial for bolstering its financial base.

Other Financial Aspects and Risks:
The financial results are accompanied by extensive notes detailing various financial challenges. These include significant contingent liabilities related to corporate and bank guarantees, potential impairments on investments, and pending recoverability issues for loans and advances. The company has also recognized exceptional items in Q3 FY24 amounting to ₹(2,406.23) Lakhs, primarily due to the invocation of Performance Bank Guarantees.

Outlook:
The company is focused on financial recovery and normalization of its reporting cycle post-CIRP. The successful execution of the capital raising plan and management of ongoing financial uncertainties will be critical for its future viability. No specific forward-looking guidance was provided in this results announcement.

Gayatri Projects Limited has filed its unaudited standalone and consolidated financial results for the quarter ended June 30, 2023, on December 24, 2025. This disclosure marks a significant step following the company's exit from the Corporate Insolvency Resolution Process (CIRP) on September 10, 2025, which was approved by the National Company Law Tribunal (NCLT) after a promoter-led debt settlement proposal received creditors' consent.

Quarterly Performance: For the quarter ended June 30, 2023, the company reported a standalone net loss after tax of ₹3,626.03 Lakhs, with revenue from operations at ₹18,480.33 Lakhs and an EPS of ₹(2.53). On a consolidated basis, the net loss after tax was ₹3,817.87 Lakhs, with revenue from operations also at ₹18,480.33 Lakhs and an EPS of ₹(2.04). These results follow disclosures of severe financial distress for FY23, including a significant drop in consolidated revenue and widened net losses that led to a complete erosion of net worth.

Auditor's Assessment and Financial Health: The auditors' report accompanying the Q1 FY23 results continues to highlight a "material uncertainty related to going concern." This caution stems from accumulated losses, the complete erosion of net worth as of June 30, 2023, defaults in loan repayments, and the earlier initiation of CIRP. Despite the successful withdrawal of CIRP and the payment of fund-based amounts as per the One-Time Settlement (OTS) proposal, the auditors' remarks underscore the persistent financial fragility of the group. The report also contains numerous "Emphasis of Matters" detailing ongoing issues with investments, loans, receivables, and contingent liabilities, indicating potential future complications.

Strategic Developments and Outlook: In the period leading up to this filing, Gayatri Projects underwent substantial board and management restructuring, with new appointments and leadership transitions occurring in September-October 2025. A key initiative to bolster its financial position is a planned capital raising via preferential issuance and an Employee Stock Purchase Scheme (ESPS), proposed to increase authorized capital to ₹120 crore, subject to shareholder approval. The company's outlook remains uncertain as it navigates its post-CIRP recovery phase, with future performance critically dependent on the success of its capital infusion strategies and operational turnaround efforts.

Gayatri Projects Limited has successfully exited the Corporate Insolvency Resolution Process (CIRP) after the National Company Law Tribunal (NCLT), Hyderabad bench, approved the withdrawal of proceedings on September 10, 2025. This followed the acceptance of a debt resolution proposal by the company's promoters, with over 90% consent from the Committee of Creditors (CoC). Management control was restored in September 2025, with significant board and management restructuring occurring throughout September and October 2025, including the appointment of Mr. T.V. Sandeep Kumar Reddy as Chairman & Managing Director and Mr. N. Seshagiri Rao as CFO.

Following its CIRP exit, the company filed its delayed audited standalone and consolidated financial results for the fiscal year ended March 31, 2023 (FY23) on November 4, 2025. These results indicated severe financial distress, with consolidated revenues dropping approximately 68% year-on-year to ₹10,172.10 crore, and net losses widening significantly to ₹15,041.14 crore. The company's net worth has been completely eroded and is negative. Auditors noted a material uncertainty regarding the going concern basis of accounting.

To bolster its financial base and facilitate future growth, the company's Board of Directors approved substantial capital-raising measures on September 25, 2025, and subsequently at an EGM on October 23, 2025. This includes increasing the authorized capital to ₹120 crore and a preferential issuance of up to 31.40 crore equity shares at ₹10 per share (₹8 premium), aggregating ₹314 crores, to promoter and non-promoter categories. An Employee Share Purchase Scheme (ESPS) for 20 lakh shares was also approved.

Furthermore, on December 24, 2025, the Board approved the unaudited financial results for the quarters ended June 30, 2023 (Q1 FY24), September 30, 2023 (Q2 FY24), and December 31, 2023 (Q3 FY24), along with the audited results for the quarter and year ended March 31, 2024 (FY24). The company is focused on normalizing its financial reporting and strengthening its operational capabilities post-CIRP.

Gayatri Projects Limited has announced a Board Meeting scheduled for Monday, December 29, 2025. The primary agenda of this meeting is to consider and approve a comprehensive set of financial results. These include the unaudited standalone and consolidated financial results for the quarter ended June 30, 2024 (Q1 FY24), and the quarter/half-year ended September 30, 2024 (Q2/H1 FY24). Additionally, the Board will review and approve the unaudited standalone and consolidated financial results for the quarter/period ended December 31, 2024 (Q3 FY24). Finally, the audited standalone and consolidated financial results for the quarter and year ended March 31, 2025 (Q4/FY25) will be put forward for approval. This meeting is a crucial step in the company's journey to re-establish its financial reporting cadence following its exit from the Corporate Insolvency Resolution Process (CIRP) in September 2025 and subsequent board restructuring. The company has also recently appointed Mr. Shashank Jain as its Company Secretary & Compliance Officer, underscoring efforts to strengthen governance.

Gayatri Projects Limited has informed the stock exchanges about a Board of Directors meeting scheduled for December 24, 2025. The primary agenda is to consider and approve several sets of financial results, marking a significant step in clearing reporting delays post its exit from Corporate Insolvency Resolution Process (CIRP) in September 2025.

The meeting will review and approve unaudited standalone and consolidated financial results for the quarters ended June 30, 2023, September 30, 2023, and December 31, 2023. Additionally, the Board will consider and approve the audited standalone and consolidated financial results for the quarter and year ended March 31, 2024.

This announcement comes after a period of significant financial distress, with previous reports indicating severe losses for FY23, including a consolidated net loss of ₹15,041.14 crore and an eroded net worth. Auditors had also noted material uncertainty regarding the company's going concern status. The company underwent substantial board and management restructuring in September 2025 following the restoration of promoter control. The appointment of new statutory auditors for FY24 onwards in December 2025 further contextualizes the company's efforts to restore its financial reporting framework.

The release of these delayed financial statements is a crucial development for investors and stakeholders to assess the company's current financial position, the impact of the restructuring, and its prospects following the CIRP exit.

The 34th Annual General Meeting (AGM) of Gayatri Projects Limited was convened on December 17, 2025, through Video Conferencing (VC) / Other Audio-Visual Means (OAVM). The meeting, chaired by Mr. T.V. Sandeep Kumar Reddy, Chairman & Managing Director, focused on several key agenda items.

Primary among these was the adoption of the audited standalone and consolidated financial statements for the fiscal year ended March 31, 2023, along with the accompanying Board of Directors' and Auditors' reports. This adoption confirms the previously disclosed financial performance, which indicated severe financial distress, significant year-on-year revenue drops, widened net losses, and complete erosion of net worth for FY23.

The AGM also addressed governance and compliance matters. The resolution for the re-appointment of Mr. T.V. Sandeep Kumar Reddy as a Director retiring by rotation was passed. Crucially, M/s. Atmakuri & Co, Chartered Accountants, were appointed as the new Statutory Auditors of the Company for a term of five consecutive financial years, from FY2023-24 to FY2027-28, and their remuneration was fixed. Additionally, the remuneration of M/s. N.S.V. Krishna Rao & Co, Cost Accountants, for their services as Cost Auditors for FY2023-24 was ratified.

During the meeting, the Chairman provided an update to the shareholders, elaborating on the company's operational status in the post-Corporate Insolvency Resolution Process (CIRP) scenario and outlining proposed plans for the company's future growth. Shareholders had the opportunity to ask questions and seek clarifications, which were addressed by the Chairman and the Board members. The proceedings concluded with a vote of thanks proposed by Ms. T. Sarita Reddy, Executive Director.

Gayatri Projects Limited has officially announced a delay in the submission of its financial results for the Financial Years (FYs) 2023-24 and 2024-25. This update comes after the company's successful exit from the Corporate Insolvency Resolution Process (CIRP) on September 10, 2025, and the subsequent constitution of a new Board of Directors on September 13, 2025. The company informed the stock exchanges on November 4, 2025, that it has approved and submitted the audited financial statements for the quarter and year ended March 31, 2023.

The primary reason for the continued delay in filing the financial statements for FYs 2023-24 and 2024-25 is the conclusion of the term of the present statutory auditors, M/s. M O S & Associates LLP, which was valid up to the financial year ending March 31, 2023. As they are not eligible for reappointment under Section 139(2) of the Companies Act, 2013, the Board, in its meeting on November 4, 2025, recommended the appointment of new Statutory Auditors. This appointment is scheduled to be approved by the shareholders at the Annual General Meeting (AGM) to be held in December 2025. Upon the appointment of the new auditors, the company has undertaken to prioritize the finalization and submission of the financial statements for FYs 2023-24 and 2024-25. Furthermore, Gayatri Projects Limited commits to filing the financial results for the quarters ended June 2025 and September 2025 positively by December 31, 2025, marking a significant step towards normalizing its financial reporting obligations post-CIRP.

Gayatri Projects Limited has formally announced compliance with its NCLT proposal, a procedural step confirming its progress after exiting Corporate Insolvency Resolution Process (CIRP) on September 10, 2025. This follows a period of severe financial distress, with audited FY23 results revealing a consolidated revenue drop of approximately 68% YoY to ₹1,05,951 Lakhs and a widened consolidated net loss of ₹15,041.14 crore. The company's net worth is reported as completely eroded and negative, with auditors noting material uncertainty regarding its going concern status. In anticipation of restructuring and meeting obligations, significant board and management changes have been implemented, including the appointment of T.V. Sandeep Kumar Reddy as Chairman & Managing Director. The company plans a substantial capital infusion through a preferential issuance of up to 31.40 crore equity shares at ₹10 each (aggregating ₹314 crore) and an Employee Share Purchase Scheme, pending shareholder approval. An upcoming Board Meeting on November 4, 2025, is scheduled to approve the audited FY23 financial results.

Gayatri Projects Limited has submitted its annual report for FY 2022-23, disclosing a stark financial performance marked by a significant downturn.

Financial Performance:
Consolidated turnover plummeted by approximately 67% YoY to ₹10,172.10 crore for FY23, from ₹31,023.37 crore in FY22. The company reported a consolidated net loss of ₹15,041.14 crore for FY23, a substantial increase from the ₹9,582.15 crore loss in the previous year. Standalone net loss also widened to ₹14,261.02 crore. The company's net worth is completely eroded, reported as negative ₹1,59,838.75 lakh (consolidated) as of March 31, 2023.

Corporate Insolvency Resolution Process (CIRP) Exit:
The company has successfully exited CIRP, which was initiated on November 15, 2022. The National Company Law Tribunal (NCLT) allowed the withdrawal of the CIRP on September 10, 2025, based on the promoters' One-Time Settlement (OTS) proposal, accepted by 97.20% of the Committee of Creditors. Management control was restored from September 16, 2025, with promoters making partial payment towards the OTS.

Board and Management Changes:
Following the CIRP exit, the company has seen significant board restructuring. T.V. Sandeep Kumar Reddy has been appointed Chairman & Managing Director, N. Seshagiri Rao as CFO, and T. Sarita Reddy as Executive Director, effective September 13, 2025. Three independent directors were also appointed. Concurrently, Chairperson Mrs. T. Indira Reddy and Executive Vice Chairman Mr. J. Brij Mohan Reddy resigned their positions.

Future Outlook & Capital Infusion:
The company has an existing order book of ₹5,500 crore. Management is optimistic about future growth, contingent on completing the OTS and becoming debt-free to bid for larger projects. To bolster its financial position, the company's board approved increasing the authorized capital to ₹120 crore and a preferential issuance of equity shares to promoters and non-promoters, subject to shareholder approval which was subsequently obtained.

Gayatri Projects Limited has filed its audited standalone and consolidated financial results for the quarter and year ended March 31, 2023, on November 4, 2025, indicating a significant delay of over two years in reporting. The results reveal a severe financial downturn.

Standalone Performance: For Q4 FY23, revenue from operations stood at ₹18,563.23 Lakhs, a sharp YoY decline of 48.1% from ₹35,631.97 Lakhs in Q4 FY22. The company reported a net loss after tax of ₹67,371.18 Lakhs for Q4 FY23, a significant worsening from a net loss of ₹2,005.66 Lakhs in the prior year. Consequently, standalone Basic & Diluted EPS for Q4 FY23 was (₹25.30), down from ₹15.60 in Q4 FY22. For the full year FY23, the standalone net loss after tax was ₹1,42,610.18 Lakhs, compared to ₹92,629.56 Lakhs in FY22, with EPS at (₹78.48) versus (₹49.48) YoY. The standalone equity turned negative, standing at (₹1,34,959.5) Lakhs as of March 31, 2023.

Consolidated Performance: On a consolidated basis, revenue from operations for Q4 FY23 showed a marginal YoY increase to ₹18,583.20 Lakhs from ₹16,709.62 Lakhs in Q4 FY22. However, consolidated net loss after tax widened significantly to ₹50,358.78 Lakhs in Q4 FY23, from ₹29,155.63 Lakhs in Q4 FY22. Consolidated Basic & Diluted EPS for Q4 FY23 was (₹29.51), down from ₹6.50 in Q4 FY22. For the full year FY23, the consolidated net loss after tax escalated to ₹1,50,411.42 Lakhs from ₹85,821.47 Lakhs in FY22, with EPS at (₹85.57) versus (₹50.39) YoY. The consolidated net worth (equity) suffered a severe erosion, becoming heavily negative at (₹4,59,838.75) Lakhs as of March 31, 2023.

Corporate Insolvency Resolution Process (CIRP) and OTS: The company was under CIRP initiated on November 15, 2022. The reports highlight the approval of the promoters' One-Time Full & Final Debt Settlement (OTS) proposal by 97.20% of the Committee of Creditors (COC). Consequently, the Hon'ble NCLT approved the withdrawal of CIRP proceedings on September 10, 2025, and the Resolution Professional was discharged. Management affairs were vested back with the promoters on September 16, 2025. As of October 28, 2025, ₹215.74 Crores has been paid towards the OTS.

Going Concern and Auditor's Remarks: Despite the substantial losses and erosion of net worth, the financial statements have been prepared on a going concern basis, supported by the NCLT's direction and the approved OTS. However, the auditors have drawn attention to material uncertainties related to the company's ability to continue as a going concern, while noting that their opinion is not modified based on the OTS framework.

Other Key Disclosures: The notes to the financial results detail significant exceptional items, provisions for doubtful debts and investments (including in associate companies like Gayatri Highways Limited and investments in Gayatri Hi-tech Hotels Limited), contingent liabilities related to bank and corporate guarantees, and delays in recovery of advances and receivables. The substantial increase in borrowings is also noted.

Gayatri Projects Limited announced its audited financial results for the quarter and year ended March 31, 2023, on November 4, 2025. The company reported severe financial distress, with consolidated revenues plummeting by approximately 68% year-on-year to ₹1,05,951 Lakhs for FY23. Concurrently, consolidated net losses widened significantly to ₹1,50,411.42 Lakhs in FY23 from ₹85,821.47 Lakhs in FY22, and the company's net worth has been completely eroded, resulting in a substantial negative equity position. Standalone revenue showed a significant YoY increase of 245% to ₹1,07,097.70 Lakhs, yet standalone net losses also increased from ₹92,629.56 Lakhs to ₹1,42,610.18 Lakhs. Operational cash flows remained deeply negative on both standalone and consolidated bases. The company recorded substantial exceptional items, including significant provisions for subordinate debt, EPC receivables, and invoked bank guarantees. Notably, the company exited the Corporate Insolvency Resolution Process (CIRP) in September 2025 after its promoters' One-Time Full & Final Debt Settlement (OTS) proposal was approved by 97.20% of lenders and the NCLT. Management control was restored in September 2025, and an initial payment of ₹215.74 Crores towards the OTS has been made. Despite the operational improvements and debt settlement, the auditors highlighted a material uncertainty regarding the company's ability to continue as a going concern.

The news concerns an administrative update from Gayatri Projects Limited regarding its upcoming Board of Directors meeting. The company has officially intimated the BSE and NSE that the meeting originally scheduled for Wednesday, November 5, 2025, has been preponed. The revised date for the board meeting is now Tuesday, November 4, 2025. This change, a simple rescheduling by one day, is a routine corporate communication. The filing requested the exchanges to take this information on record. No specific details regarding the agenda or the purpose of the board meeting were provided in the intimation. This update primarily affects the timing of any potential decisions or announcements that might arise from the board's deliberations, such as financial results, strategic initiatives, or other corporate actions.

Gayatri Projects Limited has issued a formal intimation to the stock exchanges, BSE Limited and National Stock Exchange of India Limited, regarding a Board Meeting. The meeting is scheduled to be held on Wednesday, November 5, 2025. The primary purpose of this board meeting is to consider and approve the audited standalone and consolidated financial results of the company for the quarter and the financial year ended March 31, 2023. This announcement has been made in accordance with Regulation 29 and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandate timely disclosure of such important events. While the financial results themselves are yet to be declared, this intimation serves as a crucial notification for investors, analysts, and stakeholders who will be keenly awaiting the company's financial performance for the fiscal year 2022-23. The actual financial figures, including revenue, profit after tax (PAT), earnings per share (EPS), and any segmental performance details, will be disclosed after the board's approval on November 5, 2025. No other agenda items are mentioned in this specific intimation.

Gayatri Projects Limited held its Extraordinary General Meeting (EGM) on Thursday, October 23, 2025, via Video Conferencing (VC)/Other Audio-Visual Means (OAVM). The meeting transacted key business as per the Notice dated September 25, 2025.

Key resolutions passed included:

• Ordinary Resolution (Item 1): To increase the company's authorized share capital from ₹80 crores to ₹120 crores and amend the Memorandum of Association accordingly.
• Special Resolution (Item 2): To issue 31,40,00,000 fully paid-up equity shares of face value ₹2 each at a price of ₹10 each (including a premium of ₹8 per share), aggregating up to ₹314,00,00,000 (₹314 crores). This issuance is by way of a preferential allotment to members belonging to the Promoter and Non-promoter groups.
• Special Resolution (Item 3): To issue 20,00,000 equity shares to eligible employees under the 'Gayatri Projects Employee Stock Purchase Scheme – 2025'.
• Special Resolutions (Items 4-6): Appointment of Mr. P.V. Narayana Rao, Mr. C.V. Rayudu, and Mr. Srinivas Iduri as Independent Directors for a term of five years, effective from September 13, 2025.
• Ordinary Resolutions (Items 7-8): Appointment of Mr. T.V. Sandeep Kumar Reddy as Chairman & Managing Director and Mrs. T. Sarita Reddy as Executive Director, both for a term of five years, effective from September 13, 2025.

The Chairman, Mr. T.V. Sandeep Kumar Reddy, discussed the company's operations, the post-CIRP scenario, and proposed plans for future growth. Members were given an opportunity to ask questions and seek clarifications. The voting results are expected to be submitted by the scrutinizer within 48 hours and will be intimated to the NSE and BSE, and uploaded on the company's website by October 25, 2025. This capital infusion is a significant step towards the company's strategic objectives and future expansion.

Gayatri Projects Limited has formally informed the stock exchanges, BSE Limited and the National Stock Exchange of India Limited, about the appointment of Mr. Shashank Jain as the Company Secretary and Compliance Officer. This critical role was filled via a board resolution passed on October 23, 2025. The appointment is effective immediately, and Mr. Jain is a qualified member of the Institute of Company Secretaries of India (ICSI), bringing the necessary expertise to the role.

The disclosure is made pursuant to Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and reference is made to SEBI Circular No. SEBI/HO/CFD/CFD-PoD-2/CIR/P/2024/185 dated December 31, 2024, and SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The appointment also aligns with the provisions of Section 203 of the Companies Act, 2013.

The Board meeting commenced at 12:40 PM and concluded at 12:50 PM on October 23, 2025, during which this appointment was approved. This is a routine administrative and corporate governance update, essential for the smooth functioning and regulatory compliance of the company. There is no new financial information, earnings report, guidance, outlook, or specific operational development associated with this announcement. The company has provided the necessary details regarding Mr. Jain's profile and the terms of his appointment as required by the regulations. This step reinforces the company's commitment to maintaining robust governance structures.

Gayatri Projects Limited has submitted a routine compliance certificate to the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE). This filing, dated October 14, 2025, pertains to Regulation 74(5) of the SEBI (Depositories and Participants) Regulations 2018, covering the quarter ended September 30, 2025. KFin Technologies Limited, acting as the company's Registrar and Transfer Agent (RTA), has certified that the necessary details regarding securities dematerialized and rematerialized during the aforementioned quarter have been duly furnished to all stock exchanges where the company's shares are listed. This is a standard administrative and regulatory procedure aimed at ensuring transparency and compliance in the shareholding structure. The news does not provide any financial performance metrics, quarterly results, company guidance, outlook, cash flow details, balance sheet information, or other significant business events like new orders, expansions, or penalties. The stock information for Gayatri Projects Limited includes BSE Scrip Code: 532767 and NSE Symbol: GAYAPRO.

Gayatri Projects Limited disclosed significant corporate actions following its Board of Directors' meeting on September 25, 2025. The board approved a substantial increase in the company's authorized capital, raising it to ₹1,20,00,00,000 (₹120 Crore). This expansion of authorized capital comprises 60,00,00,000 equity shares, each with a face value of ₹2.

A major part of the board's decision was to proceed with preferential issuance of equity shares. The company plans to issue up to 10,00,00,000 (10 Crore) equity shares of ₹2 face value to the Promoter category, with T.V. Sandeep Kumar Reddy identified as the investor. The issue price is set at ₹10 per share, inclusive of a premium of ₹8. In a related move, up to 21,40,00,000 (21.4 Crore) equity shares of ₹2 face value will be offered on a preferential basis to non-promoter investors, also at an issue price of ₹10 per share (₹8 premium). Annexure A provides a detailed list of these non-promoter investors, including entities such as M/s RRS Family Trust, Dnyaneshwar trading and investments Private Limited, Vishwa Infrastructures and Services Pvt Ltd, GKC Projects Ltd, and several investment funds and individuals.

Additionally, the board approved the creation and issuance of up to 20,00,000 (20 Lakhs) equity shares of ₹2 face value under an Employee Share Purchase Scheme (ESPS). These capital-raising measures are contingent upon obtaining necessary approvals from the company's shareholders. To this end, an Extra-Ordinary General Meeting (EGM) has been convened for October 23, 2025. The meeting will be conducted through Video Conferencing (VC)/Other Audio-Visual Means (OAVM). The company explicitly stated that these issuances are in accordance with the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. No financial performance data (quarterly or annual results), management guidance, or specific outlook on growth drivers or risks were part of this announcement. The focus remains strictly on the corporate structure and capital raising decisions.

Gayatri Projects Limited's Board of Directors convened on September 25, 2025, and approved significant corporate actions concerning capital enhancement. The primary approvals include an increase in the company's authorized share capital to ₹1,20,00,00,000 (₹120 Crore), comprising 60,00,00,000 equity shares of ₹2 each. In line with this, the board sanctioned the creation, issuance, and offer of equity shares via preferential allotment. Up to 10,00,00,000 (10 Crore) equity shares of ₹2 each are to be issued to the Promoter category, specifically to T.V. Sandeep Kumar Reddy, at an issue price of ₹10 per share (₹2 face value + ₹8 premium). Concurrently, up to 21,40,00,000 (21.4 Crore) equity shares of ₹2 each will be offered on a preferential basis to non-promoter investors at the same price of ₹10 per share. A list of proposed non-promoter investors, including M/s RRS Family Trust, Dnyaneshwar trading and investments Private Limited, and others, along with their respective share allocations, is detailed in Annexure A. Additionally, the board approved the creation and issuance of up to 20,00,000 (20 Lakhs) equity shares under an Employee Share Purchase Scheme (ESPS). All these proposals are subject to shareholder approval, for which an Extra Ordinary General Meeting (EGM) has been scheduled for October 23, 2025, to be conducted via Video Conferencing/Other Audio-Visual Means. These issuances are to be conducted in accordance with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Gayatri Projects Limited's Board of Directors, in a meeting held on September 25, 2025, approved key proposals aimed at enhancing the company's capital structure. The primary resolutions include a significant increase in the authorized share capital and the issuance of equity shares through preferential allotments.

Capital Restructuring and Share Issuance:
The Board resolved to increase the company's authorized capital to ₹1,20,00,00,000 (₹120 crore). This will be achieved by authorizing 60,00,00,000 equity shares of ₹2 each. This expansion of authorized capital is a precursor to substantial equity issuance.

Preferential Allotments Approved:
The company plans to raise capital by issuing equity shares on a preferential basis:

• To Promoters: Up to 10,00,00,000 (10 crore) equity shares of ₹2 each will be offered to the promoter category. The issue price is fixed at ₹10 per share, including a premium of ₹8. T.V. Sandeep Kumar Reddy is the identified promoter investor.
• To Non-Promoters: A larger portion of up to 21,40,00,000 (21.4 crore) equity shares of ₹2 each is proposed for issuance to non-promoter investors. These shares will also be issued at ₹10 per share (₹8 premium). A detailed list of non-promoter investors, including M/s RRS Family Trust, Dnyaneshwar trading and investments Private Limited, Vishwa Infrastructures and Services Pvt Ltd, and others, is provided.
• Employee Share Purchase Scheme (ESPS): The board also approved the creation and issuance of up to 20,00,000 (20 lakh) equity shares of ₹2 each under the ESPS.

All these issuances are subject to necessary approvals from shareholders, as per SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Extraordinary General Meeting (EGM):
An EGM has been scheduled for October 23, 2025, to seek shareholder approval for these capital enhancement measures. The meeting will be conducted through Video Conferencing (VC)/Other Audio-Visual Means (OAVM).

Strategic Implications:
While the news does not contain details on current financial performance or forward-looking guidance, the decision to raise capital via preferential allotments signals a strategic intent to strengthen the company's financial base. This could be for funding expansion projects, meeting working capital requirements, or deleveraging the balance sheet. The total number of shares proposed to be issued in the preferential allotments amounts to over 31.4 crore, indicating a significant potential dilution for existing shareholders. The issue price of ₹10 per share suggests the company's perceived valuation for this fundraising round. Investors will be keen to understand the specific use of these funds and their impact on future profitability and shareholder value.

Gayatri Projects Limited has announced its successful exit from the Corporate Insolvency Resolution Process (CIRP). The Hon'ble National Company Law Tribunal (NCLT), vide its order dated September 10, 2025, allowed the withdrawal of the CIRP application filed against the company by its creditors. This crucial step was made possible by the acceptance of a resolution proposal, submitted by the company's promoters, to the Resolution Professional and the Committee of Creditors.

Following this development, Gayatri Projects Limited is now obligated to repay its debts within a stipulated period of ninety days, as per the terms of its accepted resolution proposal. To facilitate this debt repayment and ensure financial stability, the company has scheduled a Board of Directors meeting for September 25, 2025. The primary agenda of this meeting will be to consider and approve a proposal for raising the necessary funds. Successful debt repayment is expected to free the company from its existing fund-based limits and represents a significant move towards operational and financial recovery.

Gayatri Projects Limited has issued an intimation regarding a Board Meeting scheduled for Thursday, September 25, 2025. The meeting will be held at the company's registered office. The primary agenda is to consider proposals for raising funds. The company is exploring various methods for capital infusion, including the issue of equity shares, warrants, any convertible securities, or other permissible securities. These fundraising initiatives could be executed through modes such as Qualified Institutions Placement (QIP), preferential allotment, or Employee Stock Option Plans (ESOPs), subject to obtaining necessary statutory and regulatory approvals. This announcement is a precursor to potential financial restructuring or strategic growth initiatives. Additionally, as per the company's Code of Conduct for Prohibition of Insider Trading, the trading window for designated persons will be closed from the date of this intimation until 48 hours after the conclusion of the board meeting. No financial results, guidance, or specific order details were part of this announcement.

Gayatri Projects Limited has formally informed the stock exchanges, BSE Limited and the National Stock Exchange of India Limited, about the resignation of Mr. J. Brij Mohan Reddy. He will be stepping down from his crucial positions as Executive Vice Chairman and Director of the company. The resignation is set to be effective from September 13, 2025. This announcement is made in accordance with Regulation 30 and Schedule III of the SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015, and related SEBI circulars. The company has submitted the required disclosures as per the specified format, indicating the reason for resignation and the cessation date. No additional profile details or director relationship disclosures were applicable for this announcement.

Gayatri Projects Limited has submitted a formal intimation to the BSE Limited and the National Stock Exchange of India Limited regarding a significant change in its leadership. Mrs. T. Indira Reddy has tendered her resignation from the positions of Chairperson and Director of the company. This resignation is effective from September 13, 2025. The company is complying with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR Regulations), and relevant SEBI circulars by providing the prescribed disclosures. These disclosures confirm the reason for change as resignation, the effective date of cessation, and state that brief profiles and relationships between directors are not applicable in this context, as it pertains to a resignation rather than an appointment. The communication was signed by Director T.V. Sandeep Kumar Reddy.

Gayatri Projects Limited, on September 13, 2025, announced the appointment of Mr. N.Seshagiri Rao as its Chief Financial Officer (CFO), effective immediately. This decision was made by the company's Board of Directors during a meeting, in compliance with Regulation 30 read with Schedule III of SEBI (LODR) Regulations and related SEBI circulars. Mr. N.Seshagiri Rao, aged approximately 55 years, holds a graduate degree in Commerce and brings over three decades of profound experience in corporate accounting and financial management at Gayatri Projects. He has been instrumental in overseeing the financial health of major construction projects and corporate entities, focusing on compliance, efficiency, and strategic financial planning. His expertise encompasses corporate accounts, budgeting, cost control, and regulatory frameworks. The company stated that Mr. Rao is not related to any Director of the Board. This appointment marks a key personnel change in the company's financial leadership.

Gayatri Projects Limited has officially informed the stock exchanges, BSE and NSE, about a significant leadership change. The Board of Directors, in their meeting held on September 13, 2025, approved the appointment of Mr. T.V. Sandeep Kumar Reddy (DIN 00005573) as the Chairman & Managing Director of the company.

Key Details of the Appointment:

• Appointee: Mr. T.V. Sandeep Kumar Reddy
• New Role: Chairman & Managing Director
• Term: 5 years, effective from September 13, 2025, to September 12, 2030.
• Approval: Subject to the approval of the company's members (shareholders).
• Compliance: The appointment is in accordance with the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Profile of Mr. T.V. Sandeep Kumar Reddy:
Mr. Reddy, aged approximately 58 years, is deeply associated with Gayatri Projects Limited since its incorporation in 1989. He holds advanced degrees in Construction Engineering and Management from the University of Michigan at Ann Arbor, USA, and a Bachelor's Degree in Civil Engineering from Purdue University. With over 35 years of experience, he has been actively involved in managing the day-to-day affairs and diverse business operations of the company. He is also disclosed to have familial relationships with other directors, being the son of Mrs. T. Indira Reddy, son-in-law of Shri J. Brij Mohan Reddy, and spouse of Ms. T. Sarita Reddy.

This appointment signifies a continuation of experienced leadership at the helm of Gayatri Projects Limited, aimed at steering its future growth and strategic direction.

Gayatri Projects Limited, through a formal intimation to the BSE Limited and the National Stock Exchange of India Limited on September 13, 2025, has announced a key leadership change. The Board of Directors, in their meeting held on the same date, resolved to appoint Mr. T.V. Sandeep Kumar Reddy (DIN 00005573) as the Chairman & Managing Director of the company. This appointment is slated for a substantial term of five years, effective from September 13, 2025, through September 12, 2030. The appointment is contingent upon the approval of the company's members.

The detailed disclosures, in compliance with Sub-Para 7 of Para A of Part A of Schedule III to the SEBI LODR Regulations, 2015, and SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, highlight the rationale for the change, which is essentially an appointment to a leadership role. Mr. Reddy's profile indicates deep roots within the company, having been associated with Gayatri Projects Limited since its incorporation in 1989. His educational background includes a Master's in Construction Engineering and Management from the University of Michigan at Ann Arbor, USA, and a Bachelor's Degree in Civil Engineering from Purdue University. He possesses approximately 35 years of experience and is responsible for overseeing the day-to-day affairs and diverse business segments of the company. The annexure also notes his familial relationships with other directors: he is the son of Mrs. T. Indira Reddy, son-in-law of Shri J. Brij Mohan Reddy, and spouse of Ms. T. Sarita Reddy. This strategic appointment is aimed at steering the company's future growth and operational strategies.

Gayatri Projects Limited has officially announced the appointment of Ms. T. Sarita Reddy as an Executive Director on its Board. The appointment, made during the Board of Directors' meeting on September 13, 2025, is effective for a term of five years, concluding on September 12, 2030, and is subject to member approval as per SEBI (LODR) Regulations. Ms. Reddy, aged 54, is a seasoned entrepreneur with a Master’s in Business Administration from Osmania University. Her distinguished career includes serving as President of the Indian Sugar Mills Association (ISMA) for 2016-17 and currently as the Managing Director of Gayatri Sugars Ltd, where she has driven efficiency and diversification. Her leadership extends to roles such as Director of Park Hyatt Hotel, Hyderabad, membership in the CII National Council, and President of the Telangana Sugar Mills Association for eight years. She is also involved with SKILL INDIA, YPO/WPO, and FICCI Ladies Organization, and has authored a book. Furthermore, she is the spouse of Mr. T.V. Sandeep Kumar Reddy, a current Director at Gayatri Projects Limited.

Gayatri Projects Limited has officially informed the stock exchanges, BSE Limited and National Stock Exchange of India Limited, about a significant corporate governance development. At a Board of Directors' meeting held on September 13, 2025, the company appointed Mr. Srinivas Iduri (DIN 05192362) as an Independent Director. This appointment is slated to be for a term of five consecutive years, running from September 13, 2025, to September 12, 2030, subject to the necessary approval from the company's shareholders. Mr. Iduri, aged approximately 59 years, is a holder of a Master's in Business Administration (MBA). His professional profile indicates over two decades of experience in leadership and management roles, including significant expertise in Technical Recruitment & Resourcing, consulting, Key Account Management, Business Development, HR, Operations Management, General Administration, and Delivery Management. He also has a background in managing computer training courses. Notably, the company has disclosed that Mr. Srinivas Iduri is not related to any existing Director on the Board of Gayatri Projects Limited. This appointment has been made in adherence to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and related SEBI circulars.

Gayatri Projects Limited has announced the appointment of Mr. C.V. Rayudu as an Independent Director to its Board. This appointment is effective from September 13, 2025, and will last for a period of five consecutive years, concluding on September 12, 2030. The appointment is subject to the approval of the company's members.

Mr. C.V. Rayudu, aged 66, holds a B.Com, B.L., and a Post Graduate degree in MPM. He possesses over 33 years of extensive experience in various industries, including significant roles such as Whole-time Director and Vice President (Operations) at Gayatri BioOrganics Limited. He is credited with playing a crucial role in improving the operational and financial performance of Gayatri BioOrganics Limited and assisting its transition from BIFR status.

The company has confirmed that Mr. Rayudu is not related to any existing Director of Gayatri Projects Limited.

This appointment is made in compliance with Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and other relevant SEBI circulars.

Gayatri Projects Limited has formally notified the appointment of Mr. P.V. Narayana Rao as an Independent Director to its Board of Directors. The appointment is effective from September 13, 2025, and is set for a term of five consecutive years, concluding on September 12, 2030, subject to member approval. Mr. Rao, who is approximately 65 years old, brings a wealth of experience to the company. He is a qualified Chartered Accountant and a Certified Associate of the Indian Institute of Bankers. His professional background includes over 25 years of comprehensive experience in managing finance functions across a spectrum of industries, including Manufacturing, Infrastructure, Banking, and Services. The company has explicitly stated that Mr. P.V. Narayana Rao is not related to any existing Director of Gayatri Projects Limited. This regulatory disclosure is made in accordance with Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and relevant SEBI circulars, reinforcing the company's commitment to robust corporate governance practices. No financial results, operational performance updates, or future guidance were part of this announcement.

Gayatri Projects Limited has announced a series of changes in its Board of Directors following a board meeting. The key appointments include Mr. T. Sandeep Kumar Reddy taking over as the new Chairman and Managing Director of the company. Ms. T. Sarita Reddy has been appointed as an Executive Director. Furthermore, Mr. N. Seshagiri Rao has been appointed as the Chief Financial Officer (CFO). The company also welcomed three new Independent Directors: Mr. P.V. Narayana Rao, Mr. C.V. Rayudu, and Mr. Srinivas Iduri. These appointments come after the resignations of Mrs. T. Indira Reddy, who stepped down as Chairperson and Director, and Mr. J. Brij Mohan Reddy, who resigned as Executive Vice Chairman and Director. This reshuffle marks a significant transition in the company's leadership structure. No financial performance data, outlook, or other operational updates were part of this specific announcement.

Gayatri Projects Limited has received a significant regulatory update from the National Company Law Tribunal (NCLT), Hyderabad bench. In an order dated September 10, 2025 (received September 12, 2025), the NCLT allowed the withdrawal of the Corporate Insolvency Resolution Process (CIRP) against the company. The original petition, filed by State Bank of India (SBI) under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016, was permitted to be withdrawn under Section 12A of the IBC. This withdrawal was based on the approval of the Committee of Creditors (CoC), which reportedly voted with more than 90% of the voting share in favour of the withdrawal. The NCLT's order effectively closes the CIRP proceedings against Gayatri Projects Limited, and the appointed Resolution Professional has been discharged. However, the tribunal cautioned that the applicant (SBI) retains the liberty to revive the proceedings if there is any violation of the terms and conditions of the settlement or undertaking. This development signifies a potential turning point for Gayatri Projects Limited, as it exits the insolvency process.

Gayatri Projects Limited has submitted a post-facto intimation regarding the 27th Meeting of its Committee of Creditors (CoC), which convened on August 29, 2025. The disclosure, made in accordance with Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, states that the CoC primarily discussed the ongoing Corporate Insolvency Resolution Process (CIRP) and the company's operational status.

No specific financial figures, revenue updates, profit margins, EPS, or forward-looking guidance were provided in this communication. The meeting's agenda focused on the procedural aspects and current state of the company's resolution process.

No orders, penalties, expansion plans, product launches, or dividends/buybacks were announced. The company did not mention any upcoming concalls or schedule specific dates/times for future investor interactions in this filing. This update primarily serves to inform stakeholders about the continuity of the CIRP proceedings and operational discussions within the Committee of Creditors.