Prior Intimation- Consideration of Resolution Plan by Hon''ble NCLT.
Awaiting price reaction for this filing.
Vas Infrastructure Ltd, currently under Corporate Insolvency Resolution Process (CIRP), has informed BSE that the NCLT Mumbai Bench (Court II) has listed its resolution plan matter for further consideration on October 7, 2025. The resolution plan was submitted by Authum Investment & Infrastructure Limited under the Insolvency and Bankruptcy Code (IBC) 2016. The company is represented by a Resolution Professional (Ashok Kumar Golechha), confirming it remains in insolvency proceedings.
Shareholders should note the outcome of the October 7 hearing will determine whether the resolution plan is approved, which could lead to the company's revival under new management or potential recovery for creditors. Existing equity holders face high dilution or writedown risk typical of CIRP outcomes.