Pursuant to Regulation 30 read with Schedule III, Part A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that Virya Resources Limited ....
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Virya Resources Ltd has signed a Management and Strategic Partnership Agreement with its Singapore-based holding company, Magma Capital Resources Pte. Ltd. Under the 3-year deal (extendable), Virya will act as Lead Manager for certain MCR Group businesses. The company will earn 51% of the Net Operating Margin from these managed businesses. No ownership or voting rights are being transferred. Since MCR is Virya's holding company, the deal qualifies as a Related Party Transaction and has been approved by the Audit Committee and Board. The company says this will support its strategic expansion and business development plans.
This is a revenue-sharing management deal with the holding company, not a fresh capital infusion or asset acquisition, so direct earnings impact depends on the profitability of the managed businesses. For shareholders, the deal could add a new revenue stream but carries related-party risk and will be closely watched for governance and margin sustainability.