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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The Board of Viksit Engineering Ltd approved the audited standalone financial results for FY ended 31 March 2025 on July 29, 2025, along with an unmodified auditor's opinion. The company was under CIRP from December 8, 2023, with the resolution plan approved by NCLT Mumbai on February 11, 2025, and management control formally handed over to new promoters Ruchika and Kushal Chaturvedi on July 25, 2025. Revenue from operations collapsed to nil (vs ₹139.64 lakh in FY24), while the loss after tax widened sharply to ₹(184.51) lakh from ₹(95.63) lakh, driven by a new finance cost of ₹66.35 lakh. The auditor flagged a going concern doubt citing continuous losses, no regular operations, and severely eroded net worth of ₹(285.63) lakh (vs ₹(101.12) lakh). Total assets also dropped sharply to ₹61.19 lakh from ₹217.18 lakh.
Despite emerging from insolvency with new management in place, the stock remains a high-risk turnaround story: zero revenue, deepening losses, and a negative net worth mean shareholders face significant uncertainty about future operations. The going concern flag from the auditor is a key red flag, though the successful resolution plan provides a structural reset.