VXL Instruments Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 30/05/2025 ,inter alia, to consider and approve VXL INSTRUMENTS LTD. has informed ....
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VXL Instruments Ltd has informed BSE that a meeting of the Resolution Professional (RP) Committee will be held on Friday, May 30, 2025. The committee, acting in place of the suspended Board of Directors, will consider and approve the Audited Financial Results (standalone) for the financial year ended March 31, 2025. The company is currently undergoing the Corporate Insolvency Resolution Process (CIRP) following an NCLT Mumbai Bench order dated November 26, 2024. As per SEBI rules, the Board's role is being handled by the appointed Resolution Professional Jayanti Lal Jain during the insolvency period.
This is a routine regulatory filing indicating upcoming results announcement. Investors should note that VXL is under insolvency resolution, meaning the company's governance is controlled by the Resolution Professional rather than the board, and the audited results could reveal financial stress and may influence any resolution plan outcome.