Viksit Engineering Limited has Informed The Exchange Regarding Meeting of the Board Of Directors Of The Company held today to consider the Unaudited Financial Results of the Company for ....
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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 approved its unaudited Q1 FY26 results (quarter ended 30 June 2025), reporting very small total income of about Rs. 0.47 lakh against expenses of Rs. 3.79 lakh, leading to a net loss of roughly Rs. 14.8 lakh for the quarter. The company also accepted the resignation of its internal auditor, M/s. Sharma Arvind and Associates (FRN: 024807C), citing professional and personal reasons, and appointed M/s. SGPA and Co. (FRN: 028833C) as the new internal auditor for FY24-25. The filing confirms the company's resolution plan, approved by NCLT Mumbai on 11 February 2025, is being implemented, with the monitoring committee dissolved on 25 July 2025. Key pending steps include reduction of share capital and fresh issuance of equity shares under the approved resolution plan. The statutory auditor (AKB Jain & Co.) flagged a going-concern doubt due to continuous losses, no regular operations, and fully eroded net worth.
Existing shareholders should brace for significant dilution and a likely haircut, as the resolution plan involves capital reduction followed by a fresh equity issue. The stock remains a high-risk bet — operations are minimal and the business is dependent on the successful execution of the insolvency resolution plan.