With reference to the above subject, we wish to inform you that the Board of Directors of the Company at their meeting held today i.e. 30.05.2025 has considered and approved the following: ....
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The Board of Directors of Virya Resources Limited (formerly Gayatri Tissue and Papers Ltd) approved audited standalone and consolidated financial results for the quarter and year ended 31 March 2025. The company reported zero revenue from operations on a standalone basis, with the consolidated entity posting total revenue of Rs. 5.26 lakhs (vs Rs. 5.00 lakhs in FY24) driven entirely by other income. Standalone net loss for FY25 stood at Rs. 16.85 lakhs, improving from Rs. 28.59 lakhs in FY24; consolidated net loss was Rs. 16.79 lakhs. Basic EPS was Rs. -1.12. Total expenses rose to Rs. 16.85 lakhs from Rs. 14.64 lakhs. Statutory auditor N G Rao & Associates issued an unmodified (clean) opinion on the financial statements. Total assets stood at Rs. 668.53 lakhs (standalone) / Rs. 668.08 lakhs (consolidated), while short-term borrowings jumped sharply from Rs. 5.00 lakhs to Rs. 71.02 lakhs. Consolidated operating cash flow was negative at Rs. -64.10 lakhs, partly offset by Rs. 66.02 lakhs in fresh borrowings.
The company continues to post losses with no core operating revenue, though the loss narrowed year-on-year. Rising borrowings and negative operating cash flow on a consolidated basis raise concerns about how the business is being funded; shareholders should watch for any update on operational revival or strategic plans, as the company is currently sustained primarily by loans and other income.