In continuation of our announcement dated 27.02.2026, which contained a typographical error, we hereby issue this revised announcement. Pursuant to Regulation 30 of SEBI (Listing Obligation ....
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Virya Resources has issued a revised announcement (correcting a typographical error in its 27 Feb 2026 filing) about a Management and Strategic Partnership Agreement with Magma Capital Resources Pte Ltd (MCR), Singapore, which is the company's ultimate holding company. Under the 3-year agreement (extendable by mutual consent), Virya will act as Lead Manager for specified businesses of the MCR Group and is entitled to 51% of the Net Operating Margin from those managed businesses. No shareholding, ownership, or voting rights are being transferred. Because MCR is the parent company, this counts as a Related Party Transaction, which has been approved by the Audit Committee and the Board of Directors. The company expects the deal to support its strategic expansion and operational management in international markets.
For shareholders, this opens a new revenue stream through management fees from international businesses, but since the counterparty is the company's own holding company, the benefits may largely circulate within the existing group structure rather than being a fully independent growth opportunity.