Please find enclosed clarification letter - December 2023 results
GAYAPROJ · price
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Awaiting price reaction for this filing.
Gayatri Projects has written to BSE explaining why it submitted financial results late. The company was admitted to Corporate Insolvency Resolution Process (CIRP) on November 15, 2022 and was withdrawn from CIRP on September 10, 2025, meaning it spent nearly three years under insolvency. During this period, regulatory compliances lapsed. A new Board was constituted after CIRP exit, and the Board cleared all four quarters of standalone and consolidated financial results (June 2023 to March 2024) in a single meeting on December 24, 2025. The meeting ran from 10:00 a.m. to 12:00 noon, and results were filed within minutes, though quarter-wise results went out between 12:15 p.m. and 1:05 p.m. The company cited simultaneous filing with BSE and NSE and a slow internet connection for the delay, calling it unintentional.
This is essentially a housekeeping update catching up on compliance backlog. The key context for shareholders is that the company exited a roughly three-year insolvency process in September 2025 and is now normalising its listing obligations. No financial numbers are disclosed here, so there is no direct earnings impact, but the filing signals that the new board is actively working through legacy compliance gaps.