Gayatri Projects Limited has informed the Exchange regarding 'Submission of reasons for proposal to raise funds '.
GAYAPROJ · price
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Awaiting price reaction for this filing.
Gayatri Projects, which was under Corporate Insolvency Resolution Process (CIRP), has now successfully exited insolvency after NCLT allowed withdrawal of the CIRP application on 10th September 2025 under Section 12A of the IBC. The exit was based on a debt resolution proposal submitted by the Promoters and accepted by the Committee of Creditors. The company now has 90 days to repay outstanding debts to creditors and needs to raise fresh funds for this purpose. A Board meeting has been scheduled for 25th September 2025 to consider the fund-raising proposal.
Positive for shareholders as the company has avoided liquidation and exited insolvency, though the upcoming fund-raising exercise may lead to equity dilution or additional debt burden depending on the route chosen.