With the capitoned subject, find attached herewith Financial Result for the quarter ended on 31st December 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Vikas WSP Limited submitted its unaudited standalone financial results for the quarter and nine months ended December 31, 2025. The company continues to operate under Corporate Insolvency Resolution Process (CIRP) since February 2022, with the Board suspended and Resolution Professional Mr. Darshan Singh Anand managing affairs. The company reported a net loss of approximately Rs. 888 lakhs for the quarter and Rs. 2,620 lakhs for the nine months ended December 2025, with EPS of (Rs. 0.43). The auditor (A.K. Chadda & Co.) issued a qualified conclusion, flagging non-assessment of impairment on tangible assets, unreconciled creditor claims, absence of Fixed Asset Register, and inability to verify assets/liabilities. An Emphasis of Matter was also raised citing continuous losses, current liabilities exceeding assets, and defaults in borrowings and statutory dues, creating material uncertainty about the company's ability to continue as a going concern. The resolution plan approved by the CoC in August 2022 remains pending NCLT approval.
Shareholders face ongoing uncertainty as the company remains stuck in insolvency with mounting losses, unresolved creditor claims, and a resolution plan still awaiting NCLT clearance. The stock carries high risk, with future value largely dependent on the outcome of the pending resolution plan and whether shareholders receive any recovery under it.