The Meeting of Board of Directors of the Company held on Thursday the 14th of August 2025, the Board interalia considered and approved the following: 1. Approved Un-Audited Financial Results ....
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The Board of Directors of Virya Resources Ltd (formerly Gayatri Tissue and Papers Ltd) approved the unaudited financial results for the quarter ended June 30, 2025 (Q1 FY26), both on standalone and consolidated basis. The company reported zero revenue from operations for the quarter, with total expenses of Rs 10.59 lakhs, resulting in a net loss of Rs 10.59 lakhs — wider than the Rs 6.22 lakh loss reported in Q1 FY25. Loss per share stood at Rs (0.71) compared to Rs (0.41) in the same quarter last year. The consolidated results include a 99.99% subsidiary, PT. Virya Resources Indonesia, which also reported nil revenue. The statutory auditor (N G Rao & Associates) issued an unqualified limited review report on both sets of results. Reserves stood at Rs 375.15 lakhs (standalone) and Rs 381.99 lakhs (consolidated) with equity capital of Rs 150 lakhs.
The company continues to show no operating revenue while losses are widening year-on-year, indicating weak business activity. However, reserves remain intact and there are no auditor qualifications, so the company is not in immediate distress but lacks visible growth drivers — a concern for shareholders.