The Unaudited Financial Results on standalone basis for the quarter ended 31 December 2025 were taken on record by Resolution Professional (in lieu of suspended Board of Directors) on Saturday, ....
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VXL Instruments, currently under Corporate Insolvency Resolution Process (CIRP) since November 2024, filed its Q3 FY26 standalone results signed by the Resolution Professional in place of the suspended Board. Revenue from operations was Rs 0 for the quarter, with total income of just Rs 4.79 lakhs coming entirely from 'Other Income'. The company reported a loss before tax of Rs 14.51 lakhs for Q3 and Rs 32.27 lakhs for the nine-month period, including an exceptional item of Rs 10.60 lakhs from write-off of Property, Plant & Equipment. The statutory auditor (YCRJ & Associates) issued a 'Disclaimer of Conclusion', citing inability to verify a bank balance, uncertain recovery of Rs 0.87 crore GST input credit, and material uncertainty about the company's ability to continue as a going concern given recurring losses, unpaid employee and statutory dues, and mass exodus of key managerial personnel.
Extremely negative for shareholders — operating business has effectively stopped, losses continue, the auditor flagged a going concern risk, and the CIRP process means equity holders face a high probability of dilution or total wipe-out depending on the resolution plan outcome.