Gayatri Highways Limited — Others, 28-05-2025: Copy of Newspaper Publication

Gayatri Highways Limited has announced a board meeting to approve the financial results for the quarter and half-year. The company reported total income of ₹1.99 Cr for the quarter and ₹25.87 Cr for the year. It posted a net loss of ₹5.06 Cr for the quarter but a net profit of ₹0.31 Cr for the year. The auditors issued a modified opinion due to unresolved confirmations and impairments on loans and investments in subsidiaries and joint ventures. The company defaulted on a ₹38.23 Cr term loan and ₹11.93 Cr interest payable to IL&FS Financial Services, with unprovided recent interest affecting equity and losses. Investments and loans totaling ₹42.72 Cr and ₹16.02 Cr in two subsidiaries require impairment for doubtful recoverability, which remains unaccounted, understating losses and inflating equity. Consolidation of Indore Dewas Tollways Limited is based on partial data amid its insolvency and liquidation. These raise significant financial risks for shareholders.