Virya Resources Ltd Executes Management and Strategic Partnership Agreement with Magma Capital Resources Pte Ltd

Virya Resources Ltd has executed a Management and Strategic Partnership Agreement with Magma Capital Resources Pte Ltd, the ultimate holding company of Virya Resources Ltd. The agreement grants Virya management and operational rights over specified MCR Group businesses for a period of three years, extendable by mutual consent. Virya will act as Lead Manager for the identified businesses and shall be entitled to 51% of the Net Operating Margin (NOM) from the Managed Businesses. The agreement does not involve transfer of shareholding, ownership, or voting rights. This agreement is a Related Party Transaction under Regulation 23 of SEBI LODR and has been reviewed and approved by the Audit Committee and the Board of Directors. The agreement is expected to support the Company’s strategic expansion and operational management in international markets.