Prior Intimation of Resolution Professional (RP) Committee meeting (in lieu of suspended Board of Directors) Under Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) ....
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Awaiting price reaction for this filing.
VXL Instruments Ltd is currently undergoing a Corporate Insolvency Resolution Process (CIRP) following an NCLT Mumbai Bench order dated November 26, 2024. The company's Board of Directors has been suspended, and Resolution Professional Jayanti Lal Jain has taken over its functions. He has scheduled an RP Committee meeting on May 30, 2025 to consider and approve the audited standalone financial results for the financial year ended March 31, 2025. This filing is made under SEBI LODR Regulation 29(1)(a) as a prior intimation to the stock exchange.
The company remains under insolvency proceedings, meaning shareholders face significant uncertainty about the outcome of the resolution process, which could include restructuring, sale, or liquidation. This intimation is procedural and does not change the stock's underlying situation, but the upcoming results on May 30 may provide insight into the company's financial health during CIRP.