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. 29.05.2026 has considered and approved the following: 1. ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Virya Resources Ltd (formerly Gayatri Tissue and Papers Ltd) held a board meeting on 29.05.2026 approving audited standalone and consolidated financial results for FY ended March 2026. The company reported zero revenue from operations with total income of just Rs 0.01 lakh (consolidated). Losses worsened significantly - standalone loss increased from Rs 16.85 lakh to Rs 28.20 lakh, and consolidated loss from Rs 16.79 lakh to Rs 28.23 lakh. EPS deteriorated to -1.88 (standalone and consolidated) from -1.12 previously. The company has an Indonesian subsidiary (PT Virya Resources Indonesia - 99.99%). M/s N G Rao & Associates issued an unmodified (clean) audit opinion. Mr. B S Bhaskar resigned as Company Secretary and Compliance Officer effective 21st May 2026. Cash flow from operations declined from Rs 144.40 lakh to Rs 66.18 lakh on standalone basis, while consolidated operating cash flow turned negative at -7.43 lakh.
The company continues to operate with zero operating revenue and deepening losses, which is negative for shareholders. The clean audit opinion provides some comfort, but the negative operating cash flow on consolidated basis and declining reserves are concerning. The resignation of the Company Secretary adds to governance concerns.