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 reported a turnaround from a net loss of Rs. 184.51 Lacs in FY2025 to a net profit of Rs. 10.92 Lacs in FY2026. Revenue from operations stood at Rs. 41.09 Lacs (vs nil in prior year) as the company began new operations after its Resolution Plan was approved by NCLT Mumbai on February 11, 2025. Finance costs dropped sharply to nil from Rs. 66.35 Lacs due to debt settlement under the IBC process. Total equity remains negative at Rs. 250.95 Lacs though improved from Rs. 285.63 Lacs. The auditor issued an unmodified opinion but included an Emphasis of Matter on the company's ability to continue as a going concern due to eroded net worth and lack of regular business operations. The company also appointed Ms. Muskan Dewani as Company Secretary and Compliance Officer.
The company has emerged from insolvency proceedings with new promoters and returned to profitability. However, negative equity and the auditor's going concern flag indicate significant risks remain. Shareholders should monitor management's plans to revive regular business operations.