Pursuant to Regulation 34(1)(a) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are submitting herewith the soft copy of 34th Annual Report of the Company ....
GAYAPROJ · price
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Gayatri Projects Limited has filed its 34th Annual Report for FY 2022-23 with BSE and NSE, as required under SEBI's Listing Regulations. The 34th Annual General Meeting is scheduled for 17th December 2025 at 3:00 PM via video conferencing. The company's FY23 financial performance is deeply concerning: turnover collapsed to Rs 1,01,721 lakhs from Rs 3,10,234 lakhs in FY22, and it reported a massive loss after tax of Rs (1,42,610) lakhs. Reserves and surplus have been completely wiped out at Rs (1,38,703) lakhs, pushing net worth into negative territory at Rs (1,34,960) lakhs, with book value at negative Rs 71.86 per share. AGM agenda items include adoption of financial statements, re-appointment of CMD T.V. Sandeep Kumar Reddy, appointment of new statutory auditors M/s. Atmakuri & Co for 5 years, and ratification of cost auditor remuneration.
Shareholders should note the serious financial deterioration — negative net worth and eroded reserves indicate the company is in significant distress. The filing itself is a routine regulatory compliance, but the underlying financials raise red flags about solvency and future viability, which could weigh heavily on the stock and shareholder value.