Virya Resources Limited has informed the Bombay Stock Exchange that a meeting of its Board of Directors is scheduled to be held on Friday, May 29, 2026. The meeting will take place at 3.00 P.M. at the Corporate Office of the company to consider and approve several key agenda items.

The primary focus of the meeting is the approval of the Standalone and Consolidated Audited financial results for the quarter and year ended March 31, 2026. Additionally, the board will consider the approval of the Audit Report by the Statutory Auditors for the Financial Year ended March 31, 2026. The directors will also approve the resignation of the Company Secretary and Compliance Officer of the company.

In compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, the company has stated that the Trading Window for dealing in securities of the company will remain closed until 48 hours from the dissemination of the financial results to the Exchanges.

Agenda for Board Meeting

Virya Resources Limited has announced the execution of a Management and Strategic Partnership Agreement with Magma Capital Resources Pte Ltd., Singapore on February 27, 2026. The agreement represents a strategic move to expand the company's operational management capabilities in international markets through a structured partnership with its ultimate holding company.

Agreement Structure and Terms

The partnership agreement grants Virya Resources management and operational rights over specified MCR Group businesses for an initial period of three years, with provisions for extension by mutual consent. Under the arrangement, Virya will function as the Lead Manager for the identified businesses within the MCR Group portfolio.

Financial and Operational Framework

The commercial terms of the agreement establish Virya's entitlement to 51% of the Net Operating Margin from the managed businesses. Importantly, the agreement does not involve any transfer of shareholding, ownership, or voting rights, maintaining the existing corporate structure while enabling operational collaboration.

The partnership structure preserves the current ownership hierarchy where VR Integrated Project Management Pvt Ltd serves as the major shareholder and immediate holding company of Virya Resources Limited, while Magma Capital Resources Pte Ltd functions as the holding company of VRIPM.

Regulatory Compliance and Approvals

Given that Magma Capital Resources is the ultimate holding company of Virya Resources, the agreement qualifies as a Related Party Transaction under Regulation 23 of SEBI LODR. The company has ensured full regulatory compliance through proper governance channels as disclosed in its official communication to BSE Limited.

Strategic Business Impact

The Management and Strategic Partnership Agreement is positioned to support Virya Resources' strategic expansion objectives and enhance its operational management capabilities in international markets. The arrangement provides the company with direct involvement in MCR Group's business operations while maintaining a revenue-sharing model that aligns interests between the parties.

This partnership represents a structured approach to leveraging synergies within the corporate group while establishing clear operational responsibilities and financial arrangements for the managed businesses.