Outcome of Board Meeting .
Awaiting price reaction for this filing.
Vas Infrastructure Ltd, which has been under Corporate Insolvency Resolution Process (CIRP) since March 2024, reported zero revenue from operations for the third quarter of FY26 (ended December 31, 2025). The company posted a small profit of Rs. 1.89 lakh, entirely from other income, against a loss of Rs. 5.57 lakh in the same quarter last year. For the nine months of FY26, the loss narrowed sharply to Rs. 6.94 lakh from Rs. 40.42 lakh in the prior-year period. The statutory auditor issued a qualified limited review report, flagging a material uncertainty related to the company's ability to continue as a going concern. Net worth remains deeply negative, with other equity at minus Rs. 27,467.82 lakh as of March 2025. The Resolution Professional (Mr. Ashok Kumar Golechha) continues to manage the company's affairs under NCLT supervision.
Shareholders face substantial risk: the company is operationally dormant with no business revenue, sits under insolvency proceedings, and has been flagged by auditors with a going-concern qualification. Recovery prospects depend entirely on the outcome of the CIRP resolution plan.