Outcome of the RP Committee Meeting held on November 06, 2025
Awaiting price reaction for this filing.
Vas Infrastructure's RP Committee approved the unaudited financial results for Q2 and H1 FY26 (ended Sept 30, 2025). The company, which has been under Corporate Insolvency Resolution Process (CIRP) since March 2024 with a Resolution Professional in charge, reported zero revenue from operations. Q2 FY26 swung to a profit of Rs. 8.99 lakh (from a Rs. 23.47 lakh loss in Q2 FY25), driven by other income of Rs. 20.88 lakh. H1 FY26 loss narrowed sharply to Rs. 8.83 lakh from Rs. 34.83 lakh in H1 FY25. The auditor issued a Qualified Conclusion citing material uncertainty on going concern, as the company is working with lenders on a debt resolution plan. The balance sheet remains deeply stressed with negative net worth of Rs. (25,963.71) lakh and borrowings of Rs. 10,831.30 lakh.
Shares remain a high-risk bet — the company is in active insolvency proceedings with negative net worth and going concern doubts from auditors. Any improvement in quarterly numbers is being driven by non-operating income (interest/rent), not core business, and a successful resolution plan is critical for any recovery in shareholder value.