Gayatri Projects Limited has announced that its Board of Directors will convene on December 31, 2025, to approve the company's unaudited financial results for the first two quarters of FY26. The meeting notification was issued on December 27, 2025, in accordance with regulatory requirements under SEBI (LODR) Regulations, 2015.

Meeting Details and Agenda

The board meeting is scheduled to take place at the company's registered office on Wednesday, December 31, 2025. The primary agenda includes consideration and approval of specific financial results for two distinct reporting periods.

Financial Results to be Approved

The board will review and approve unaudited standalone and consolidated financial results for two reporting periods during the meeting. These results cover the initial quarters of the current financial year.

Regulatory Compliance

The announcement demonstrates the company's adherence to mandatory disclosure requirements under SEBI regulations. Company Secretary & Compliance Officer Shashank Jain signed the official notification, ensuring proper corporate governance protocols are followed. The notification specifically references Regulation 29 and 33 of SEBI (LODR) Regulations, 2015, which govern board meeting intimations and financial result disclosures respectively.

The company's registered office is located at B1, 6-3-1090, TSR Towers, Raj Bhavan Road, Somajiguda, Hyderabad 500082, Telangana State, where the board meeting will be conducted.

Gayatri Projects Limited reported a net loss of ₹5,301.82 crores for the financial year ended March 31, 2024 (FY24), as the Board of Directors approved audited financial results in their meeting held on December 24, 2025. The company has successfully completed its debt settlement process under Section 12A of the Insolvency and Bankruptcy Code with overwhelming creditor support.

Financial Performance Overview

The company's audited financial results for FY24 demonstrate significant operational challenges with substantial losses despite maintaining revenue levels:

The company's total expenses stood at ₹73,394.72 crores, with cost of materials and work expenditure being the largest component. Notably, the company benefited from a positive change in inventories of work in progress amounting to ₹2,486.38 crores.

Debt Settlement and CIRP Resolution

Gayatri Projects successfully resolved its Corporate Insolvency Resolution Process (CIRP) through a comprehensive One Time Settlement (OTS) proposal under Section 12A of the Insolvency and Bankruptcy Code. The settlement details include:

The CIRP was initiated against the company on November 15, 2022, following defaults in loan repayments and working capital constraints. The successful OTS proposal has resulted in the withdrawal of CIRP proceedings and restoration of management control to the promoters.

Exceptional Items and Operational Challenges

The financial year witnessed exceptional items totaling ₹8,544.88 crores, primarily due to arbitrary invocation of Performance Bank Guarantees by NHAI and Uttar Pradesh Jal Nigam due to slow progress of works. This was attributed to working capital constraints and the impact of the COVID-19 pandemic on business operations.

Going Concern and Future Outlook

Despite accumulated losses of ₹1,94,114.35 crores and complete erosion of net worth, the financial results have been prepared on a going concern basis. The successful debt settlement and NCLT's withdrawal of CIRP proceedings provide a foundation for operational continuity. The management has regained control of company affairs and is positioned to focus on business recovery and growth initiatives following the completion of the debt restructuring process.