Virya Resources Limited (formerly Gayatri Tissue and Papers Ltd) has announced its unaudited financial results for the third quarter ended December 31, 2025. The company reported a standalone net loss of ₹4.94 lakhs and consolidated net loss of ₹4.96 lakhs, with zero revenue from operations during the quarter. The results were approved by the Board of Directors at their meeting held on February 14, 2026, in compliance with Regulation 33 of SEBI (LODR) Regulations, 2015.

Financial Performance Overview

The company's financial performance for Q3 FY26 reflects operational challenges with no revenue generation across both standalone and consolidated operations. The results demonstrate the company's current non-operational status in its core business activities.

Expense Analysis

Despite zero revenue, the company incurred operational expenses totaling ₹4.94 lakhs on standalone basis and ₹4.96 lakhs on consolidated basis. The primary expense components included employee benefits expense of ₹1.60 lakhs and other expenditure of ₹3.34 lakhs for standalone operations.

Earnings Per Share Impact

The company's earnings per share (EPS) for continuing operations stood at ₹-0.33 for both basic and diluted calculations on both standalone and consolidated basis. This represents a deterioration compared to the previous quarter's EPS of ₹-0.99 and ₹-1.00 respectively.

Board Meeting Outcome

The Board of Directors, led by Directors Candra Winoto Salim (DIN 09737531) and V V Subrahmanyam (DIN 01029479), approved the unaudited financial results along with the limited review report from statutory auditors. The meeting commenced at 2:00 PM and concluded at 4:35 PM IST at the company's corporate office.

Corporate Structure and Compliance

Virya Resources Limited operates under CIN L45100MH1987PLC042141 and trades on BSE with scrip code 512479. The company maintains subsidiaries including PT Virya Resources Indonesia, necessitating the publication of consolidated results. The company reported no investor complaints during the quarter and maintained compliance with all regulatory disclosure requirements under SEBI regulations.

Virya Resources Limited has announced the resignation of two Independent Directors from its Board of Directors, effective March 26, 2025. The resignations were communicated to BSE Ltd on March 27, 2025, in compliance with regulatory requirements.

Director Resignations

The company received resignation letters from both Independent Directors on March 26, 2025:

Regulatory Compliance

The resignations were reported under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Virya Resources provided all required details as per Schedule III-Para A(7B) of Part A of the Listing Regulations.

Key compliance aspects:

• Both directors confirmed no other material reasons beyond those stated
• Neither director holds directorships in other listed entities
• Resignation letters with detailed reasons were enclosed with the regulatory filing
• The resignations took effect immediately upon submission

Board Acknowledgment

The Board of Directors has formally acknowledged the resignations and placed on record its appreciation for the valuable contribution and guidance provided by both Mr. Sunil Kumar Kacham and Ms. Shilpa Bung during their tenure as Independent Directors.

Virya Resources, which operates under CIN L45100MH1987PLC042141, maintains its registered office in Mumbai and corporate office in Hyderabad. The resignations represent a change in the company's board composition.