RP Committee Meeting was conducted on November 06, 2025 to approve Unaudited Financial Results for the Quarter and Half Year Ended September 30, 2025
Awaiting price reaction for this filing.
Vas Infrastructure Limited, which is under Corporate Insolvency Resolution Process (CIRP) since March 2024, reported no revenue from operations for Q2 and H1 FY26. Total income of Rs. 20.88 lakh in Q2 (up from Rs. 0.11 lakh in Q2 FY25) came entirely from 'other income'. The company swung to a small pre-tax profit of Rs. 8.99 lakh in Q2 FY26, against losses of Rs. 17.81 lakh in Q1 FY26 and Rs. 23.47 lakh in Q2 FY25; H1 FY26 loss narrowed to Rs. 8.83 lakh from Rs. 34.83 lakh a year ago. The balance sheet remains deeply stressed with negative net worth of about Rs. 259.6 crore and total liabilities of Rs. 400.2 crore against total assets of Rs. 140.6 crore. The statutory auditor issued a Qualified Conclusion highlighting material uncertainty about the company's ability to continue as a going concern.
The results are largely cosmetic — operational revenue is zero and the company remains under insolvency with deeply eroded shareholder equity and a going-concern qualification. The modest quarterly profit arises only from non-operating 'other income' and does not change the underlying insolvency situation, keeping the stock highly risky for shareholders.