Management Change1 Jul 2026, 04:05 pm
Gayatri Projects Ltd Reconstitutes Board Post CIRP Withdrawal
AI Summary
Gayatri Projects Ltd has announced the reconstitution of its Board of Directors following the withdrawal of Corporate Insolvency Resolution Process (CIRP) by the Hon'ble NCLT on September 12, 2025. The Board was reconstituted on September 13, 2025, with the appointment of Mr. T. Sandeep Kumar Reddy as Chairman and Managing Director, Ms. T. Sarita Reddy as Executive Director, and three Independent Directors. The company also reported the resignation of Mrs. T. Indira Reddy and Mr. J. Brij Mohan Reddy. The filing addresses a delay in submitting the resignation letters, attributing it to post-CIRP compliance efforts and unintentional oversight.
Key Highlights
- Board reconstituted post-CIRP withdrawal on September 13, 2025.
- New Chairman & MD, Executive Director, and Independent Directors appointed.
- Resignations of Chairperson and Executive Vice-Chairman accepted.
- Delay in submitting resignation letters explained by post-CIRP compliance.
- Company requests condonation for the delay in submission.
Price Impact
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