Viksit Engineering Limited has Informed The Exchange Regarding Meeting of the Board Of Directors Of The Company held today to consider the following: 1. Unaudited Financial Results of ....
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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's board, which met on August 6, 2025, approved the unaudited financial results for the quarter ended June 30, 2025, which show very weak operations with negligible revenue and continued losses. The board accepted the resignation of the internal auditor M/s. Sharma Arvind and Associates (effective August 5, 2025) citing professional and personal reasons, and appointed M/s. SGPA and Co. as the new internal auditor for FY 2024-25 for a one-year term. The filing also confirms that the company's insolvency resolution plan, approved by NCLT Mumbai in February 2025, has been implemented with the Monitoring Committee dissolved on July 25, 2025. The statutory auditor flagged a material going concern doubt, citing continuous losses, absence of regular operations, and eroded net worth.
Highly material for shareholders: the company is still loss-making with a going concern warning, and the resolution plan will involve share capital reduction and fresh equity issuance, both of which are dilutive for existing shareholders and likely to pressure the stock price.