Gayatri Projects Limited announced that its Board of Directors, in a meeting held on December 24, 2025, approved the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2023. The company's financial results for the half-year ended September 30, 2023, show a net loss of ₹3,214.03 Lakhs. Accumulated losses as of the same date stood at ₹1,92,026.56 Lakhs, with a complete erosion of net worth. The company had defaulted on loan repayments, leading to lenders issuing recovery notices and the initiation of Corporate Insolvency Resolution Process (CIRP) proceedings in November 2022. However, the Board meeting also confirmed the withdrawal of CIRP proceedings against the company. This follows the promoters' submission of a One-Time Full & Final Debt Settlement (OTS) proposal, which was accepted by 97.20% of the Committee of Creditors (CoC) members. The National Company Law Tribunal (NCLT) allowed the withdrawal of CIRP on September 10, 2025, and the Resolution Professional was discharged. The company has since paid the entire fund-based amounts as per the approved OTS proposal. The unaudited standalone financial results for the quarter ended September 30, 2023, show total income of ₹20,920.86 Lakhs and total expenses of ₹20,517.86 Lakhs, resulting in a profit before tax of ₹412.00 Lakhs. For the half-year ended September 30, 2023, total income was ₹35,508.26 Lakhs and total expenses were ₹59,010.47 Lakhs, leading to a loss before tax of ₹26,862.58 Lakhs. The net loss after tax for the half-year was ₹3,214.03 Lakhs. The company's assets include Property, Plant & Equipment valued at ₹18,324.37 Lakhs, Investments at ₹56,315.11 Lakhs, and Loans at ₹18,676.14 Lakhs. Total assets stand at ₹3,65,312.20 Lakhs. Liabilities include Borrowings of ₹3,68,577.78 Lakhs. Total equity is negative at ₹1,38,079.40 Lakhs. The independent auditor's review report highlighted material uncertainties related to the company's ability to continue as a going concern due to significant losses and net worth erosion. However, the report noted that the financial results were prepared on a going concern basis following the NCLT's order and the successful OTS proposal leading to CIRP withdrawal.