Latest news about Gayatri Projects
Gayatri Projects
21.36
+1.01(+4.96%)
Company Performance:
View Company Insights1D+4.96%
1M-18.32%
6M+18.40%
1Y0.00%
5Y+244.52%
More news about Gayatri Projects
23Sept 25
Gayatri Projects Exits Insolvency, Plans Fundraising to Repay Creditors Within 90 Days
Gayatri Projects Limited (GPL) has successfully exited the Corporate Insolvency Resolution Process (CIRP) after the NCLT allowed creditors to withdraw their application. The company must repay all creditor debts within 90 days. GPL has scheduled a board meeting for September 25 to discuss fundraising options. Once the debt is repaid, the company will be free from fund-based limits, potentially improving its financial flexibility.
19Sept 25
NCLT Approves ₹2,400 Crore Settlement Plan for Gayatri Projects
The National Company Law Tribunal (NCLT) in Hyderabad has approved a ₹2,400 crore one-time settlement plan for Gayatri Projects to resolve ₹8,100 crore in dues owed to lenders. The plan, backed by 97% of lenders, requires promoters to pay ₹750 crore in fund-based exposure and cover bank guarantee invocations within 90 days. The settlement represents a 30% recovery for lenders after a three-year resolution process. Promoters have already deposited ₹115 crore, with the remaining amount expected to come from asset monetization and investors.
13Sept 25
Gayatri Projects Limited Announces Major Board Restructuring with New Chairman and Multiple Director Appointments
Gayatri Projects Limited has undergone significant leadership changes. T. Sandeep Kumar Reddy is appointed as Chairman and Managing Director, while T. Sarita Reddy joins as Executive Director. Three new Independent Directors - P.V. Narayana Rao, C.V. Rayudu, and Srinivas Iduri - have been added to the board. N. Seshagiri Rao is named as the new CFO. T. Indira Reddy and J. Brij Mohan Reddy have resigned from their positions. These changes comply with SEBI regulations and could signal a new direction for the company.
12Sept 25
NCLT Approves Withdrawal of Insolvency Proceedings Against Gayatri Projects
The National Company Law Tribunal (NCLT) Hyderabad bench has approved the withdrawal of Corporate Insolvency Resolution Process (CIRP) against Gayatri Projects Limited. State Bank of India, the original applicant, filed the withdrawal application under Section 12A of the Insolvency and Bankruptcy Code. The Committee of Creditors approved the withdrawal with over 90% voting share. The CIRP process is now closed, and the Resolution Professional has been discharged. However, the NCLT has retained a provision for potential revival of the proceedings in case of any violation of settlement terms.
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