Intimation of appointment of Mr. Saroj Kumar Senapati as the Company Secretary and Compliance Officer (KMP) of the Company.
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Awaiting price reaction for this filing.
Vikas WSP Ltd, which is currently under the Corporate Insolvency Resolution Process (CIRP) since February 2022, has appointed Mr. Saroj Kumar Senapati as its new Company Secretary and Compliance Officer (a Key Managerial Personnel role), effective March 31, 2025. The appointment was approved by the Committee of Creditors in its 32nd meeting on December 2, 2024, and was carried out by the Resolution Professional, Mr. Darshan Singh Anand, since the company's board powers remain suspended under insolvency rules. Mr. Senapati is a Fellow Member of ICSI with over 30 years of experience, having retired as Executive Director from Navratna PSU Oil India Limited. The filing was delayed due to personal circumstances of the newly appointed official.
This is a routine KMP-level compliance appointment and is unlikely to have any direct impact on the stock price. However, it signals that administrative and regulatory functions are being restored during the ongoing insolvency process, which is a small positive for governance continuity.