VXL Instruments has informed the exchange regarding the adoption of Un-audited Standalone Financial Results of the Corporate Debtor for the quarter ended on June 30, 2025, pursuant to the ....
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VXL Instruments has submitted its Q1 FY26 (quarter ended June 30, 2025) unaudited standalone financial results. The company is under Corporate Insolvency Resolution Process (CIRP) since November 26, 2024, with the Board of Directors suspended and a Resolution Professional (RP) in charge. Revenue from operations collapsed to Rs 7.55 lakh from Rs 66.37 lakh in the same quarter last year — a roughly 89% decline. The company reported a loss of Rs 6.51 lakh for the quarter (vs. Rs 85.15 lakh loss in Q1 FY25), while full-year FY25 showed a Rs 652.51 lakh loss including exceptional items of Rs 554.69 lakh. The statutory auditors (YCRJ & Associates) issued a Disclaimer of Conclusion due to inability to verify bank balances, GST input credit recoverability of Rs 0.87 crore, and PPE valuation of Rs 0.12 crore.
Shareholders should note that the company is in insolvency proceedings, revenue has nearly dried up, and auditors have flagged a going concern doubt — meaning the company's ability to continue operations depends on a successful resolution plan. The disclaimer of conclusion from auditors signals material uncertainty in the reported numbers.