The Resolution Professional (RP) in its meeting held today on May 29, 2026 (in lieu of suspended Board of Directors) approved the Audited Financial Results on standalone basis for the ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
VXL Instruments Ltd, under Corporate Insolvency Resolution Process since NCLT Mumbai admitted the case on November 26, 2024, has received approval of its standalone audited financial results for FY2026 from the Resolution Professional. The company reported total revenue of Rs. 23.79 lakhs (down from Rs. 82.04 lakhs) and a net loss of Rs. 48.29 lakhs for the year. Total assets have shrunk to Rs. 350.59 lakhs from Rs. 1,106.55 lakhs, with negative net worth of Rs. 530.80 lakhs. Statutory auditors YCRJ & Associates issued a Disclaimer of Opinion citing inability to verify one bank account balance of Rs. 95,733 and raising concerns about the company's ability to continue as a going concern. The resolution plan has been approved by the Committee of Creditors and is pending NCLT approval.
The stock remains highly speculative as the company is in insolvency proceedings with negative net worth and auditors cannot provide assurance on financial statements. Pending NCLT approval of the resolution plan is the key near-term catalyst for shareholders.