Please find enclosed clarification letter - March 2024 results
GAYAPROJ · price
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Awaiting price reaction for this filing.
Gayatri Projects Ltd submitted a clarification to BSE explaining delays in filing financial results for March 2024. The company stated it was admitted to the Corporate Insolvency Resolution Process (CIRP) on November 15, 2022, and was withdrawn from CIRP on September 10, 2025. Due to the insolvency period, there were compliance lapses. After a new Board was constituted post-CIRP, the company approved four quarters of audited and unaudited standalone and consolidated financial results at a single board meeting on December 24, 2025. Results were filed on the same day, though with minor delays attributed to submitting all four quarters to both BSE and NSE simultaneously and a slow internet connection.
Shareholders should note the company recently emerged from insolvency (withdrawn from CIRP in September 2025) and is catching up on pending regulatory filings. While the delay appears administrative rather than substantive, the history of CIRP admission remains a material risk factor for investors to consider.