Intimation on the next date of hearing before Hon''ble NCLT

Nclt Insolvency AdmittedRegulatory & Legal View source PDF Explain this filing

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-2.0%Reaction day

₹1.53

prior close

₹1.54

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.6%-3.6% vs market

Other Agricultural Products peers, median of 56sector+1.3%-3.3% vs sector

On the reaction day the stock moved 3.6 pts less than Nifty Microcap 250 and 3.3 pts less than its Other Agricultural Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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15m

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30m

-3.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.0+1.6-3.6+1.3-3.3

Next day

+1.3+3.3-2.0+1.2+0.1

+1.3+4.3-3.0+2.9-1.6

+0.7+5.1-4.5+3.9-3.2

-0.7+6.4-7.0+2.9-3.6

-0.7+5.2-5.9+3.1-3.8

-1.3+5.9-7.2+3.4-4.7

15d

-3.3+8.0-11.3+1.8-5.1

-3.3+9.8-13.1+3.8-7.1

-5.2+11.8-17.0+0.9-6.1

-14.4+7.2-21.6-3.3-11.1

UpDownMarket · Nifty Microcap 250Sector · Other Agricultural Products peers, median of 56Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Vikas WSP Ltd, which has been under the Corporate Insolvency Resolution Process (CIRP) since February 2022, informed BSE that the Hon'ble NCLT Chandigarh Bench partly heard its Resolution Plan application (IA No. 1538/2022) on the previously scheduled date of 06 May 2025. The matter has been adjourned and the next hearing is now scheduled for 02 July 2025. The company continues to be managed by the Resolution Professional, Mr. Darshan Singh Anand, appointed by the CoC in March 2022. No resolution plan has been approved yet, and the outcome remains pending further NCLT hearings.

Likely market impact

Investors should note that the Resolution Plan is still awaiting NCLT approval, which means the company's insolvency process continues with no certainty on the recovery value for shareholders. Further delays in NCLT hearings prolong uncertainty, which is typically negative for the stock. Existing equity holders are likely to face significant dilution or loss once a resolution plan is ultimately approved.