Promoters of Gayatri Projects increased their shareholding through an off-market acquisition on June 16, 2026. T.V. Sandeep Kumar Reddy, Chairman & Managing Director, and Mrs. T. Indira Reddy, a member of the promoter group, purchased a total of 2,000,000 equity shares for ₹20,500,000. This transaction raises the promoters' stake in the infrastructure company, signaling confidence in its long-term prospects.

The acquisition was conducted off-market, as disclosed in a regulatory filing submitted to the exchanges. T.V. Sandeep Kumar Reddy acquired 1,450,000 shares for ₹14,862,500, increasing his total holding to 101,450,000 shares, which represents 21.85% of the company's paid-up share capital. Mrs. T. Indira Reddy purchased 550,000 shares for ₹5,637,500, raising her stake to 7,409,085 shares, or 1.60% of the total equity.

The company intimated the exchange regarding this transaction on June 18, 2026. The disclosure was made in compliance with the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015. Shashank Jain, Company Secretary and Compliance Officer, authenticated the filing.

Shareholding Details

The following table outlines the changes in shareholding for the promoters following the acquisition:

The shares were acquired directly from the counterparty on June 16, 2026. No trading activity was reported on the stock exchanges or in derivatives segments by the promoters during this transaction.

Gayatri Projects Limited (GPL), a prominent infrastructure company, has successfully navigated its way out of the Corporate Insolvency Resolution Process (CIRP) and is now gearing up for a significant financial restructuring. The company's exit from insolvency and its subsequent plans have set the stage for a potential turnaround in its fortunes.

Insolvency Process Concluded

On September 10, the National Company Law Tribunal (NCLT) allowed creditors to withdraw their CIRP application against Gayatri Projects. This decision came after the company's promoters submitted a debt resolution proposal that was accepted by both the Resolution Professional and the Committee of Creditors.

Debt Repayment Terms

Under the terms of the resolution, Gayatri Projects is now obligated to repay all creditor debts within a 90-day timeframe. This swift repayment schedule underscores the company's commitment to honoring its financial obligations and restoring its financial health.

Fundraising Initiative

To meet this substantial financial commitment, Gayatri Projects has announced plans to raise funds. The company has scheduled a crucial board meeting for September 25 to deliberate on various fundraising options. This meeting is expected to chart the course for the company's financial strategy in the coming months.

Implications of Debt Resolution

T.V. Sandeep Kumar Reddy, Chairman and Managing Director of Gayatri Projects, stated in a regulatory filing, "Subsequent to repayment/giving effect to the resolution proposal, the company would be free from Fund based limits." This indicates that once the debt repayment is completed, Gayatri Projects will have greater financial flexibility, potentially opening up new avenues for growth and expansion.

Looking Ahead

The successful exit from the insolvency process and the planned debt repayment mark a significant milestone for Gayatri Projects. As the company works towards fulfilling its financial obligations, stakeholders will be keenly watching how it navigates this critical phase and positions itself for future opportunities in the infrastructure sector.

The coming weeks will be crucial for Gayatri Projects as it finalizes its fundraising strategy and works towards meeting the 90-day debt repayment deadline. The outcome of these efforts could have far-reaching implications for the company's future trajectory in the competitive infrastructure industry.