VXL Instruments Limited Has Informed The Exchange Regarding The Post Facto Intimation Of The Resolution Professional (RP) Committee Meeting (In Lieu Of Suspended Board Of Directors) held ....
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VXL Instruments Ltd, currently under Corporate Insolvency Resolution Process (CIRP) since November 26, 2024, held its RP Committee meeting on August 20, 2025 (in lieu of the suspended Board) where un-audited standalone financial results for Q1 FY26 were taken on record. Revenue from operations collapsed to ₹7.55 lakhs from ₹66.37 lakhs in the same quarter last year, while total revenue stood at ₹14.34 lakhs versus ₹66.80 lakhs. The company reported a loss before tax of ₹(6.51) lakhs, a sharp improvement from ₹(85.15) lakhs in Q1 FY25, largely because prior-year expenses included extraordinary adjustments. Loss per share was ₹(0.05). The statutory auditor (YCRJ & Associates) issued a disclaimer of conclusion, flagging unverifiable bank balances, unrecoverable GST input credit of ₹0.87 crore, uncertainty over PPE carrying value, and expressing serious doubt about the company's ability to continue as a going concern. Most employees, including Key Managerial Personnel, have already left the company.
For shareholders, this is a deeply negative update — the company remains in insolvency, revenue has nearly disappeared, employees have exited, and the auditor has refused to conclude on the results due to going-concern doubts. Expect heightened risk of equity dilution or loss under the resolution plan, and highly volatile or illiquid trading in this stock.