Pursuant to Regulation 30 and 33(3)(d) of the Securities and Exchange Board of India (Listing Obligations and Disclosures Requirements) Regulations, 2015, we would like to inform you that ....
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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.
Viksit Engineering Ltd submitted its audited standalone financial results for FY25 (year ended 31 March 2025) as a corrigendum, including full quarterly and year-to-date figures. Total income from operations stood at ₹139.64 lakhs, down sharply from ₹205.45 lakhs in FY24. The company reported a net loss of ₹184.51 lakhs for FY25, nearly double the ₹95.63 lakh loss in FY24, with EPS at ₹(74.10). Total expenses of ₹171.93 lakhs were driven mainly by finance costs (₹66.35 lakhs) and other expenses (₹76.21 lakhs). The auditor (AKB Jain & Co.) issued an unmodified opinion but flagged going-concern doubts due to continuous losses, no regular operations, and fully eroded net worth (reserves at ₹(310.53) lakhs). The company was under CIRP from December 2023; NCLT approved the resolution plan in February 2025, and management control was handed back to the resolution applicants on 25 July 2025.
Negative for shareholders — losses have nearly doubled year-on-year and net worth is deeply negative, raising serious going-concern concerns despite the recent resolution plan. The return of management control and completion of CIRP may bring stability, but the stock remains high-risk given the scale of accumulated losses and lack of regular operations.