Annual Report FY26 - Company under CIRP, NCLT rejected resolution plan

VAS Infrastructure filed its Annual Report for FY25-26 along with the 31st AGM notice. AGM is on Sept 25, 2026 via video call. The company has been under Corporate Insolvency Resolution Process since March 2024 after Canara Bank filed an insolvency petition. A resolution plan by Authum Investment was approved by lenders with 100% vote, but NCLT rejected it in July 2026 and ordered a fresh CIRP to be completed within 120 days. Turnover is nil. Profit after tax is Rs 32.51 lakhs versus a loss of Rs 50.46 lakhs prior year. Statutory auditors issued a Modified Opinion. Board remains suspended, Resolution Professional is in charge. No dividend declared.