Virya Resources Limited (formerly Gayatri Tissue and Papers Ltd) has released corrected unaudited financial results for the quarter and half-year ended September 30, 2025, addressing typographical errors in the original filing. The Board of Directors approved these results in their meeting held on November 11, 2025, with the corrected version submitted to the stock exchange on November 13, 2025.

Financial Performance Overview

The company continues to face operational challenges with zero revenue from operations for both the quarter and half-year periods. The consolidated financial results show a deteriorating performance compared to the previous year.

Expense Analysis

The company's expense structure for Q2 FY26 reveals specific cost components that contributed to the overall loss:

Employee benefits expense decreased from ₹3.20 lakhs in Q1 FY26 to ₹1.20 lakhs in Q2 FY26, while other expenditure reduced from ₹7.39 lakhs to ₹3.15 lakhs.

Balance Sheet Position

As of September 30, 2025, the consolidated balance sheet shows:

The company's reserves and surplus decreased to ₹378.31 lakhs from ₹410.39 lakhs in the previous year, reflecting the accumulated losses. Notably, long-term borrowings of ₹58.29 lakhs appeared on the balance sheet, which were absent in the previous year.

Cash Flow Analysis

The consolidated cash flow statement for the half-year reveals:

Subsidiary Operations

The company's subsidiary, PT Virya Resources Indonesia, is included in these consolidated results. The presence of foreign currency translation adjustments of ₹7.95 lakhs indicates active international operations, though the specific contribution of the subsidiary to overall performance remains unclear from the disclosed information.

Regulatory Compliance

The financial results were reviewed by N G Rao & Associates, Chartered Accountants, who provided a clean limited review report. The company maintains that no investor complaints were pending at the beginning or end of the quarter, and no new complaints were received during the period.

Virya Resources Limited, formerly known as Gayatri Tissue and Papers Ltd, has announced a significant change in its corporate leadership. The company has appointed Mr. B S Bhaskar as its new Company Secretary and Compliance Officer, effective October 15, 2025.

Appointment Details

The appointment was made by the Executive Committee of the company, as disclosed in a regulatory filing to the Bombay Stock Exchange (BSE). Here are the key details of the appointment:

Professional Background

Mr. Bhaskar brings a wealth of experience to his new role at Virya Resources Limited. His professional background includes:

• Associate membership of the Institute of Company Secretaries of India
• 30 years of experience in secretarial compliances and public issues
• Expertise in statutory compliance, corporate governance, corporate litigation, and shareholders communication

Company Information

Virya Resources Limited, listed on the BSE with the company code 512479, is headquartered in Mumbai, Maharashtra. The company's registered office is located at No: 137(Part 2), Andheri Industrial Estate, Veera Desai Road, Andheri West, Mumbai – 400 053, while its corporate office is situated in Hyderabad.

This appointment aligns with the company's commitment to maintaining strong corporate governance practices and ensuring compliance with regulatory requirements. Mr. Bhaskar's extensive experience is expected to contribute significantly to Virya Resources Limited's secretarial and compliance functions.

The company made this announcement in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, demonstrating its adherence to regulatory transparency and timely disclosure of material information to stakeholders.