Gayatri Projects Limited has announced the successful completion of its Board of Directors meeting held on December 29, 2025, where the board approved financial results for multiple quarters including the latest Q3FY25 results. The meeting, chaired by T.V. Sandeep Kumar Reddy, Chairman and Managing Director, concluded with approval of comprehensive financial statements spanning several reporting periods.

Board Meeting Outcome and Approvals

The board meeting commenced at 11:30 AM and concluded at 2:00 PM on December 29, 2025. During this session, the directors approved a comprehensive set of financial results covering multiple quarters and the full financial year.

Financial Results Approved

The board approved both standalone and consolidated financial results for multiple reporting periods, demonstrating the company's commitment to comprehensive financial disclosure.

Regulatory Compliance and Documentation

The company has fulfilled its regulatory obligations under SEBI (LODR) Regulations, 2015, by notifying both BSE Limited (Scrip Code: 532767) and National Stock Exchange of India Limited (Symbol: GAYAPROJ) about the board meeting outcomes. The approved financial results, along with Limited Review/Audit reports and other supporting documents, are being submitted separately for each quarter to the respective stock exchanges.

The comprehensive approval of multiple quarters' results in a single board meeting reflects the company's effort to streamline its financial reporting process while maintaining full regulatory compliance.

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.