Gayatri Projects Ltd Restructures Board Following CIRP Withdrawal; Announces Key Appointments and Director Resignations
Gayatri Projects Ltd has announced a comprehensive restructuring of its Board of Directors following the withdrawal of insolvency proceedings against the company by the NCLT, which occurred on September 12, 2025. The company reconstituted its Board immediately thereafter, leading to several appointments and resignations that took effect on September 13, 2025.The restructuring involved multiple key changes in leadership. Mr. T. Sandeep Kumar Reddy was appointed as the Chairman and Managing Director of Gayatri Projects Ltd. Ms. T. Sarita Reddy was also appointed as an Executive Director. The company brought in three independent directors: Mr. P.V.Narayana Rao, Mr. C.V.Rayudu, and Mr. Srinivas Iduri. Furthermore, Mr. N.Seshagiri Rao was appointed as the Chief Financial Officer (CFO) of the company.
The changes also saw two significant resignations take place simultaneously with the appointments. Mrs. T. Indira Reddy tendered her resignation from the position of Chairperson and Director. Additionally, Mr. J.Brij Mohan Reddy resigned from his roles as Executive Vice Chairman and Director.
While the Board reconstitution and subsequent resignations occurred on September 13, 2025, the company later submitted the official letters concerning these resignations. The submission was noted to be delayed due to the completion of multiple legal compliances that were pending post-CIRP withdrawal, which had previously led to compliance lapses during the insolvency period.
The company confirmed that the omission in the timely submission of the resignation letter was unintentional, and the formal documentation, including the letters from Mrs. T. Indira Reddy and Mr. J.Brij Mohan Reddy, was submitted on September 23, 2025.
GAYAPROJ Stock Price Movement
Shares of Gayatri Projects Limited surged by 4.92% on Wednesday, closing out at ₹22.28 after the equity traded strongly within a daily range spanning from a low of ₹20.9 to a high of ₹22.42.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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