The R.P Committee approved the Audited Financial Report ,Notes ,Auditors Report for the year ended 31st March 2026.
Awaiting price reaction for this filing.
Vas Infrastructure Ltd reported a net profit of Rs. 32.51 lakh for FY26, swinging from a net loss of Rs. 50.46 lakh in FY25, driven by other income of Rs. 89.04 lakh. The company is under Corporate Insolvency Resolution Process (CIRP) since March 2024, with management vested in a Resolution Professional. The auditor issued a qualified opinion due to unresolved books of account and balances under CIRP verification, and Canara Bank classifying the loan account as 'Fraud' in February 2026. The company's equity is deeply negative at Rs. (27.44) crore, and the auditor could not confirm the going concern assumption. Revenue from operations is zero for the year.
The company remains in financial distress with negative equity and ongoing insolvency proceedings. The qualified auditor opinion and fraud classification by Canara Bank indicate significant uncertainty around asset values and liabilities. Shareholders face high risk as the resolution plan awaits NCLT approval.