Board reconstituted after NCLT allowed withdrawal of insolvency proceedings

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GAYAPROJ · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-1.6%Reaction day

₹22.41

prior close

₹22.20

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.9%-2.5% vs market

On the reaction day the stock moved 2.5 pts less than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-3.6

10m

-3.1

15m

-2.7

30m

-1.4

Sessions after the filingfrom the prior close

StockMarketvs market

Reaction day

-1.6+0.9-2.5

Next day

-2.3+0.5-2.8

-6.3+0.7-7.0

-6.3+0.0-6.3

-8.5-2.0-6.5

-7.2-0.1-7.1

-1.7+1.4-3.1

15d

-7.3-1.4-5.8

-11.1+1.3-12.4

-3.2+3.8-6.9

-4.7+2.9-7.6

UpDownMarket · Nifty Microcap 250Pending

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AI summary

NCLT allowed withdrawal of CIRP against Gayatri Projects on 12 Sept 2025 (CIRP had been ongoing since Nov 2022). Board was reconstituted on 13 Sept 2025 with T. Sandeep Kumar Reddy as Chairman and MD, T. Sarita Reddy as Executive Director, three new Independent Directors and N. Seshagiri Rao as CFO. Chairperson T. Indira Reddy and Vice-Chairman J. Brij Mohan Reddy resigned on personal and health grounds. Their resignation letters were filed with BSE and NSE on 23 Sept 2025, ten days after the seven-day deadline, due to post-CIRP compliance backlogs. Company requests BSE to condone the delay.

Likely market impact

Positive that insolvency has been lifted, but raises governance concerns over late filing of director resignations and compliance lapses during CIRP.