Virya Resources Limited (formerly Gayatri Tissue and Papers Ltd)

Board Meeting Outcomes

The Board of Directors meeting commenced at 3:00 PM and concluded at 7:35 PM on May 29, 2026. The Board considered and approved the following items:

1. Audited financial results (Standalone and Consolidated) for the quarter and year ended March 31, 2026

2. Audited Statement of Assets & Liabilities as at March 31, 2026

3. Cash Flow Statement for the period ended March 31, 2026

4. Independent Auditors' Report for the financial year ended March 31, 2026

5. Declaration regarding unmodified opinion on Audit Report

6. Board minutes authorizing signature of the results

7. Resignation of Mr. B S Bhaskar (Membership No: A012671) as Company Secretary and Compliance Officer, effective from close of business hours on May 21, 2026

Management Change Details

  • Reason for change: Resignation of Mr. B S Bhaskar as Company Secretary & Compliance Officer
  • Date of cessation: May 21, 2026
  • No relationships between directors to disclose (not applicable)

Financial Results Overview

Standalone Financials (₹ in Lakhs):

  • Total Expenses: ₹28.20
  • Profit/(Loss) before tax: (₹28.20)
  • Tax Expense: ₹0.00
  • Profit/(Loss) for the period: (₹28.20)
  • Earnings Per Share (Basic & Diluted): -₹1.88 (Face Value ₹10/- each)
  • Paid Up Equity Share Capital: ₹150.00
  • Reserves excluding Revaluation Reserves: ₹357.54

Consolidated Financials (₹ in Lakhs):

  • Profit/(Loss) for the period: (₹28.23)
  • Earnings Per Share (Basic & Diluted): -₹1.88 (Face Value ₹10/- each)
  • Paid Up Equity Share Capital: ₹150.00
  • Reserves excluding Revaluation Reserves: ₹372.97

Balance Sheet Position (Standalone as at March 31, 2026)

  • Total Assets: ₹669.79 Lakhs
  • Property, Plant and Equipment: ₹0.63 Lakhs
  • Investments: ₹210.21 Lakhs
  • Loans: ₹349.56 Lakhs
  • Trade receivables: ₹71.29 Lakhs
  • Cash and cash equivalents: ₹0.63 Lakhs
  • Other current assets: ₹37.47 Lakhs
  • Equity Share Capital: ₹150.00 Lakhs
  • Reserves and Surplus: ₹357.54 Lakhs
  • Borrowings (Non-current): ₹73.69 Lakhs
  • Borrowings (Current): ₹5.00 Lakhs
  • Trade Payables: ₹21.05 Lakhs
  • Other current liabilities: ₹39.55 Lakhs
  • Current tax liabilities: ₹22.95 Lakhs

Cash Flow Statement (Standalone)

  • Net Cash from operating activities: ₹66.18 Lakhs
  • Net Cash from investing activities: ₹0.00
  • Net Cash from financing activities: (₹66.02) Lakhs
  • Net Increase in cash & cash equivalents: ₹0.15 Lakhs
  • Cash & cash equivalents at beginning: ₹0.48 Lakhs
  • Cash & cash equivalents at end: ₹0.63 Lakhs

Audit Opinion

M/s. N G Rao & Associates, Statutory Auditors of the Company, issued audit reports with unmodified opinion on both the Standalone and Consolidated Financial Results for the financial year ended March 31, 2026. The impact of audit qualification is nil.

Segment Information

The Company has only one reportable segment i.e., Software Sector. No separate segment disclosure is required.

Additional Information

  • The results were reviewed by the Audit Committee and approved by the Board of Directors
  • Previous period figures have been regrouped where necessary for comparison
  • Results are available on the company website: www.srivenmultitech.com
  • The consolidated results include PT. Virya Resources Indonesia (99.99% Subsidiary)