The Un-audited Financial Results on standalone basis for the quarter and half year ended 30 September 2025 were taken on record by Resolution Professional (in lieu of suspended Board of ....
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Awaiting price reaction for this filing.
VXL Instruments, which is under Corporate Insolvency Resolution Process (CIRP) since 26 November 2024 per NCLT order, reported near-zero business activity for Q2 FY26. Revenue from operations was Rs 0, with total income of just Rs 1.15 lakhs (entirely other income). For H1 FY26, total revenue fell sharply to Rs 15.49 lakhs versus Rs 70.32 lakhs in H1 FY25. The company posted a loss before tax of Rs 11.25 lakhs in Q2 and Rs 17.76 lakhs in H1 FY26, narrower than the Rs 104.33 lakh loss a year ago. Negative net worth of Rs (500.27) lakhs as of 30 September 2025 (versus positive Rs 482.51 lakhs at March 2025) and a collapse in total assets from Rs 1,106.55 lakhs to Rs 428.31 lakhs highlight severe balance sheet erosion. Operating cash flow was marginally positive at Rs 5.50 lakhs in H1 FY26. The auditor (YCRJ & Associates) issued a disclaimer of conclusion citing inability to verify bank balances, GST input credit recoverability, and PPE values, and flagged a material uncertainty on the company's ability to continue as a going concern.
For shareholders, this is a deeply negative filing — operations have effectively halted, equity is wiped out, the auditor disclaimed the results, and the company remains under insolvency proceedings. Stock price action is likely to remain weak and the equity may face further dilution or extinction depending on the resolution plan outcome.