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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Viksit Engineering's Board, at its meeting on February 14, 2026, approved the standalone unaudited financial results for Q3 FY26 (quarter ended December 31, 2025) along with the auditor's limited review report. For Q3 FY26, revenue from operations was NIL (vs Rs 41.09 lacs in Q2 FY26) and net loss narrowed to Rs 0.37 lacs from Rs 13.23 lacs in Q3 FY25. The Board also approved issuing 2,37,500 equity shares of Rs 10 each on a preferential basis to prospective promoters pursuant to an NCLT order dated February 11, 2025, as part of an ongoing resolution plan. The company had emerged from the Corporate Insolvency Resolution Process (CIRP) after the NCLT approved the resolution plan earlier in 2025, and the Monitoring Committee stood dissolved on July 25, 2025. The auditor drew attention to the fact that continuous losses, absence of regular operations, and fully eroded net worth cast doubt on the company's ability to continue as a going concern.
Despite the narrower quarterly loss, the company is essentially not generating operating revenue and the auditor has explicitly flagged a going concern doubt — shareholders face material business continuity risk. The preferential share allotment to promoters under the NCLT-approved plan will bring in new ownership but also dilute existing shareholders.