Annual Report of Vas Infrastructure Limited for Financial Year 2024-25.
Awaiting price reaction for this filing.
Vas Infrastructure Ltd has filed its 30th Annual Report for FY 2024-25 along with the AGM notice, signed by Resolution Professional Ashok Kumar Golechha since the company's Board is suspended. The company is under Corporate Insolvency Resolution Process (CIRP) since March 11, 2024 following an NCLT order, and a resolution plan approved by the Committee of Creditors has been filed with the NCLT for approval. Financially, turnover was Nil in FY25 versus a negative Rs 41.97 lakh in FY24, and loss after tax narrowed sharply to Rs 50.46 lakh from Rs 6,225.89 lakh in the previous year. The company is currently non-operational with no employees on its rolls and no dividend has been declared. The 30th AGM will be held on September 23, 2025 at 12:30 p.m. via video conferencing, with record date set as September 16, 2025 for e-voting eligibility.
Shareholders remain in a holding pattern with the outcome depending on NCLT's approval of the pending resolution plan — equity holders face continued uncertainty and likely limited recovery until the plan is sanctioned. No operational revenue and a non-functioning Board signal significant distress, though the sharply reduced loss suggests the company is being run in wind-down mode under the Resolution Professional.