Annual Report of Vas Infrastructure Limited for FY 2024-25
Awaiting price reaction for this filing.
Vas Infrastructure Ltd has filed its 30th Annual Report along with the AGM notice for FY 2024-25. The 30th AGM will be held on September 23, 2025, at 12:30 PM through video conferencing. The record date is September 16, 2025, and the register of members will be closed from September 17 to September 23, 2025. The company remains under Corporate Insolvency Resolution Process (CIRP) since March 11, 2024, with Mr. Ashok Kumar Golechha acting as Resolution Professional and the Board of Directors suspended. A resolution plan has been approved by the Committee of Creditors and is currently pending before the NCLT for approval. Financially, the company reported nil turnover and a loss after tax of Rs 50.46 lakhs, significantly lower than the Rs 6,225.89 lakhs loss in the previous year. No dividend has been declared, and the company is currently non-operational.
Shareholders should note the company is under insolvency resolution and its operations remain suspended until NCLT approves the resolution plan filed by the creditors' committee — the outcome of this approval will be the key determinant of any future value for shareholders. The sharp reduction in annual losses is positive on paper but mainly reflects a non-operational status rather than a turnaround.