Non-Submission of Financial Results for the Quarter Ended June 30, 2025 under Regulation 33 of SEBI (LODR) Regulations, 2015 - Due to Non-Availability of Financial Information
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VXL Instruments Ltd, which is currently undergoing Corporate Insolvency Resolution Process (CIRP) following an NCLT Mumbai Bench order dated November 26, 2024, has informed BSE that it cannot submit its financial results for the quarter ended June 30, 2025 within the SEBI-mandated timeline. The Resolution Professional (RP), Jayanti Lal Jain, stated that his team is facing significant challenges in retrieving, compiling, and reconciling financial data from both physical and electronic sources. The company has committed to submitting the results at the earliest once complete financial information becomes available. This is essentially a compliance delay disclosure under Regulation 33 of SEBI (LODR) Regulations, 2015.
This filing reinforces that the company remains in deep financial and operational distress. Shareholders should expect continued uncertainty regarding timely disclosures, potential SEBI penalties for non-compliance, and further erosion of confidence in the stock. The inability to even compile basic quarterly numbers suggests severe dysfunction in the company's financial record-keeping.