VXL Instruments Limited has informed the Exchange about the Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015 regarding receipt of Resolution Plans.
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On the reaction day the stock moved 2.7 pts more than Nifty Microcap 250 and 3.2 pts more than its Consumer Electronics peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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VXL Instruments Limited, currently under the Corporate Insolvency Resolution Process (CIRP) following an NCLT Mumbai Bench order dated 26th November 2024, held its seventh meeting of the Committee of Creditors on 22nd April 2025. The Resolution Professional has received 17 Resolution Plans from 17 different Prospective Resolution Applicants and is currently examining them under the Insolvency and Bankruptcy Code, 2016. Further updates will be shared as developments occur. The filing was made under SEBI's Listing Obligations and Disclosure Requirements Regulations.
For shareholders, this is a procedural update in an ongoing insolvency process. Receiving 17 bids signals decent interest from potential buyers, which could be positive for recovery prospects, but no plan has been approved yet, so the equity remains at high risk and may face dilution or extinction depending on the resolution outcome.