Pursuant to Regulation 30 and 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosures Requirements) Regulations, 2015, the Board of Directors in its meeting ....
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Viksit Engineering Ltd's Board approved audited financial results for Q4 and FY ended March 31, 2026. The company reported revenue of Rs. 41.09 Lacs for the year (nil in previous year) and net profit of Rs. 10.92 Lacs versus a loss of Rs. 184.51 Lacs in FY2025. However, the company continues to face serious challenges with negative net worth of Rs. 250.95 Lacs, minimal cash reserves of Rs. 0.68 Lacs, and no regular business operations. The company is undergoing post-IBC resolution where Mrs. Ruchika Chaturvedi and Mr. Kushal Chaturvedi became the new promoters after their Resolution Plan was approved by NCLT in February 2025. Ms. Muskan Dewani was appointed as Company Secretary and Compliance Officer. Auditors issued an unmodified opinion despite highlighting going concern uncertainty.
The stock remains high-risk due to negative net worth and going concern doubts. The new resolution applicants are taking over to revive operations, but investors should be cautious given the company's weak financial position and minimal cash resources.