BSEVikas WSP LtdLowNeutral
Announced Fri, 29 May · 18:31 IST

With respect to the captioned subject, please find attached 37th Annual Report of the company for the financial year 2024-25

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AI summary

Vikas WSP Ltd has released its 37th Annual Report for FY 2024-25. The company remains under Corporate Insolvency Resolution Process (CIRP), which was initiated on February 2, 2022 on a petition by Bank of India and admitted by NCLT Chandigarh. The Board of Directors is suspended during CIRP, with management powers exercised by Resolution Professional Mr. Darshan Singh Anand. A resolution plan from M/s Arcbolt Space and Foods Private Limited was approved by the Committee of Creditors in August 2022, and an application for its approval has been filed with NCLT. The company faces non-cooperation from ex-management, with some directors' DINs deactivated. The AGM is scheduled for June 24, 2026, to be held via video conferencing.

Likely market impact

Shareholders should note the company is still under insolvency proceedings. The outcome of the NCLT approval of the resolution plan remains the key pending event that could determine the future of the company. No financial performance data is included in this filing.