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, which has been under Corporate Insolvency Resolution Process (CIRP) since 26 November 2024, reported zero revenue from operations in Q3 FY26, with only Rs 4.79 lakhs of other income. Revenue from operations for the 9-month period fell sharply to Rs 7.55 lakhs from Rs 66.37 lakhs a year earlier, reflecting near-complete cessation of business. The company posted a loss of Rs 14.51 lakhs for the quarter and Rs 32.27 lakhs for the 9-month period, with Property, Plant & Equipment written off as an exceptional item of Rs 10.60 lakhs during the quarter. The statutory auditor issued a Disclaimer of Conclusion, citing inability to verify a bank balance, unrecoverable GST input credit of Rs 0.87 crore, and flagged a material going-concern uncertainty given recurring losses, departure of key employees, and the ongoing insolvency process.
Shareholders face a high-risk situation: operations have effectively shut down, losses continue, and the auditor has raised a going-concern doubt while the company awaits resolution under IBC. The stock remains a speculative bet solely on a successful resolution plan, with equity value likely eroded.