Integrated Filing Financial Year ending 31-03-2025.
Awaiting price reaction for this filing.
Vas Infrastructure Ltd filed its audited results for FY25, signed by the Resolution Professional as the company remains under Corporate Insolvency Resolution Process (CIRP) since NCLT admission on 11 March 2024. Revenue from operations was NIL for the year (versus a negative Rs 41.97 lakh in FY24 due to prior reversals), with only Rs 12.11 lakh of other income. The company reported a net loss of Rs 50.46 lakh for FY25 (vs Rs 6,225.89 lakh loss in FY24), giving a basic EPS of minus Rs 0.334. The balance sheet shows deeply negative shareholder equity of Rs 25,954.88 lakh, total liabilities of Rs 40,014.54 lakh against total assets of just Rs 14,059.66 lakh, and non-current borrowings of Rs 10,831.30 lakh. Operating cash flow turned positive at Rs 220.85 lakh, a sharp improvement from negative Rs 1,054.47 lakh last year.
The company continues to be under insolvency proceedings with totally eroded shareholder equity and liabilities nearly three times its assets — equity holders face a near-total wipeout risk while the CIRP outcome will determine any recovery. The stock remains distressed and trading suspension status is likely unchanged; the headline loss has narrowed but only because of reduced finance costs, not operating revival.