Please find enclosed clarification letter - September 2023 results
GAYAPROJ · price
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Awaiting price reaction for this filing.
Gayatri Projects has informed BSE that the company was admitted to the Corporate Insolvency Resolution Process (CIRP) on November 15, 2022, and was withdrawn from CIRP on September 10, 2025. During the CIRP period, the company fell behind on several regulatory filings. After exiting CIRP, a new Board was constituted and is now catching up on pending compliances in a phased manner. On December 24, 2025, the Board approved four quarters (June 2023 to March 2024) of standalone and consolidated financial results in a single meeting that ran from 10:00 a.m. to 12:00 noon. The outcome was filed to BSE within 7 minutes of the meeting concluding, with the four quarter-wise results filed shortly after. The company attributes the brief delays to simultaneously submitting results on both BSE and NSE and a slow internet connection on the day, calling it unintentional.
Shareholders should note that the company has officially exited the insolvency process and is actively normalising its regulatory compliance, which is a positive sign for corporate governance and listing standing. However, the filing highlights prior governance weaknesses during the CIRP period that the new Board is still working through.