Audited Financial Results of the Company for the quarter and financial year ended March 31,2025.
Awaiting price reaction for this filing.
Vas Infrastructure Ltd, which has been under Corporate Insolvency Resolution Process (CIRP) since March 11, 2024 with a Resolution Professional running its affairs, has filed audited FY25 results. The company reported zero revenue from operations for the full year, with total income of only Rs 12.11 lakh coming entirely from other income (interest). Net loss for FY25 narrowed sharply to Rs 50.46 lakh versus a massive Rs 6,225.89 lakh loss in FY24, mainly because the prior year carried exceptional finance costs of Rs 5,304.49 lakh that have now largely gone. The company's equity is deeply negative at negative Rs 25,954.88 lakh (accumulated losses have completely wiped out the Rs 1,512.94 lakh share capital), while total borrowings stand at around Rs 11,989 lakh and other current financial liabilities are a staggering Rs 27,479.52 lakh. Operating cash flow improved to positive Rs 220.85 lakh from negative Rs 1,054.47 lakh previously. The statutory auditor issued an unmodified (clean) opinion on the results.
Very negative for shareholders — the company is under active insolvency proceedings with deeply negative book value, meaning equity holders are almost certain to lose their entire investment under any resolution plan. Stock remains highly speculative and risk-laden; the only near-term catalyst is the outcome of the CIRP rather than any operational turnaround.