Vikas WSP Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 28/05/2025 ,inter alia, to consider and approve Meeting of the suspended Board of ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Vikas WSP Ltd has informed BSE that a meeting of its suspended Board of Directors will be held on 28 May 2025 to consider and approve the audited financial results for the quarter and year ended 31 March 2025. The board is 'suspended' because the company has been under the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016 since 2 February 2022. The affairs of the company are being managed by Interim Resolution Professional Mr. Darshan Singh Anand, appointed by the NCLT Chandigarh Bench, and the powers of the original board rest with him. This is a routine compliance intimation under SEBI Listing Regulations (Reg. 29) and does not contain the actual financial numbers yet.
No immediate price impact expected as this is just a meeting notice. However, shareholders should note the company remains under insolvency resolution for over three years, which is a significant going concern risk. The upcoming audited results on 28 May will be closely watched for any update on the resolution process and financial health.