outcome of the RP Committee meeting
Awaiting price reaction for this filing.
Vas Infrastructure Ltd, currently under CIRP (Corporate Insolvency Resolution Process) with an Interim Resolution Professional in charge, held its RP Committee meeting on August 12, 2025. The committee approved unaudited financial results for Q1 FY26 (quarter ended June 30, 2025), reporting a net loss of Rs. 17.81 lakhs, wider than the Rs. 11.36 lakh loss in the same quarter last year. Revenue from operations remains at zero, with total income of just Rs. 0.033 lakhs. Other equity is deeply negative at Rs. (27,467.82) lakhs, indicating eroded net worth. The 30th AGM is scheduled for September 23, 2025 via video conferencing.
Shareholders should note the auditor flagged a 'Material Uncertainty Related to Going Concern,' meaning the company's ability to continue operations is in serious doubt given its ongoing insolvency proceedings. The widening losses, nil operating revenue, and massive negative reserves paint a grim picture for equity holders, who face significant risk of dilution or total loss under the resolution plan.