Outcome of RP Committee Meeting.
Awaiting price reaction for this filing.
The Resolution Professional (RP) Committee of Vas Infrastructure Ltd met on May 26, 2025 and approved the audited financial results for Q4 and FY ended March 31, 2025. The company is under Corporate Insolvency Resolution Process (CIRP) since March 11, 2024 with Mr. Ashok Kumar Golechha as Resolution Professional. The company reported NIL revenue from operations for FY25 with a net loss of Rs. 50.46 lakhs (much narrower than the Rs. 6,225.89 lakh loss in FY24). The 30th AGM has been scheduled for September 23, 2025 via video conferencing, with record date fixed as September 16, 2025. The auditor (Satya Prakash Natani & Co.) issued an unmodified opinion on the results.
The company remains under insolvency resolution with zero operational revenue and deeply negative net worth of Rs. (25,954.88) lakhs against total borrowings of over Rs. 11,989 lakhs. Shareholders face significant uncertainty as the outcome of the CIRP process will determine any recovery of value. The narrowed loss is largely due to absence of operations rather than a real recovery in business.