VAS Infra Q1 FY27 results approved under CIRP; auditor flags going concern doubt
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Under CIRP, RP Committee approved VAS Infrastructure's Q1 FY27 results. Net loss narrowed to Rs 12.55 lakh from Rs 17.81 lakh YoY. Revenue from operations nil; total income Rs 3.10 lakh. Other equity deeply negative at Rs 27,435 lakh. Auditor issued qualified conclusion citing material going concern uncertainty, NCLT rejection of the resolution plan on July 7 2026, Canara Bank classifying the loan account as fraud in February 2026, and incomplete records under CIRP reconciliation. CIRP to restart within 120 days.
Company remains under CIRP with rejected resolution plan and going concern doubt; equity deeply eroded. High risk for shareholders.