With the captioned subject, please find attached herewith financial result for the quarter and financial year ended 31st March 2026
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Vikas WSP Ltd reported zero revenue from operations for Q4 FY26 and full year FY26, with total other income of only Rs. 25.75 lakhs for the year. The company posted a net loss of Rs. 4,071.65 lakhs for Q4 and Rs. 6,697.57 lakhs for FY26, compared to a loss of Rs. 2,661.07 lakhs in FY25. The auditor issued a qualified opinion citing inability to confirm asset values, missing fixed asset registers, unconfirmed receivables and payables, and non-compliance with multiple Ind-AS standards due to records being unavailable after a ransomware attack and ongoing CIRP proceedings. The company is under Corporate Insolvency Resolution Process since February 2022, with a Resolution Plan already approved by the Committee of Creditors but pending NCLT approval. The Resolution Professional is managing affairs as the board's powers are suspended.
The stock remains extremely high-risk due to zero operating revenue, mounting losses, ongoing insolvency proceedings, and a qualified auditor opinion questioning the reliability of financial statements. Shareholders face potential total loss of investment as the resolution plan awaits final approval.