Vikas WSP Ltd

Vikas WSP Limited trading window closed from October 01, 2026 until 48 hours after dissemination of the Unaudited Financial Results of the company for the year ended on September 30, 2026.

Resolution Plan Approved

• NCLT Chandigarh Bench approved the Resolution Plan on 09 September 2026 in open court.

Dematerialisation / Rematerialisation Status

• No details on processing of demat/remat requests provided in the excerpt.

Financial results and approvals

• Unaudited standalone Q1 FY2026-27 results approved; quarter ended 30-Jun-2026; limited review report included.
• Revenue from operations nil; total income 4.05 Lakh; net loss 30.19 Lakh.
• Basic and diluted EPS: Rs -0.01 for the quarter.
• Approved extension to hold FY2025-26 AGM beyond 30-Sep-2026.
• Related party transactions for quarter ended 30-Jun-2026 approved.

CIRP governance and regulatory status

• CIRP: board powers suspended; RP Darshan Singh Anand to manage affairs.
• NCLT Chandigarh hearing concluded on 22 July 2026.
• Fixed asset register not handed over; depreciation not provided; records incomplete.
• Closing stock Rs 207.38 Lacs per stock audit.
• RP filed IA under section 19(2) of IBC with NCLT for information rights.
• COC approved Arcbolt Space and Foods resolution plan; awaiting NCLT approval.
• Geographical segments disclosed; no separate segment assets/liabilities disclosed.
• Auditor's review contains qualified conclusions; going concern emphasis due to CIRP.

Other material items and disclosures

• Contingent liability for workmen claims: Rs 26.28 Crore.
• Capital advances to suppliers Rs 20.43 Lacs; advances to suppliers Rs 6,674.45 Lacs; recoverability doubtful.
• VAT recoverable and GST credit Rs 159.51 Lacs; reconciliation pending.
• Bank balances unconfirmed Rs 1.85 Lacs; no interest certificates on record.
• Notes indicate pending impairment assessments and fair value reviews due to CIRP uncertainties.

Meeting Details

• Date: 14 August 2026.

Key Agenda Items

• Unaudited quarterly results for quarter ended 30 June 2026, with Limited Review Report.
• Re-appointment of A.K. Chaddha & Co. as Statutory Auditor for five years (FY2026-27 to FY2030-31) subject to AGM.
• Application to ROC seeking extension of time to hold FY 2025-26 AGM beyond September 30, 2026.

Other Notes

• Company is under CIRP; Interim Resolution Professional Darshan Singh Anand manages affairs.

AGM postponement and CIRP context

• Postponement of the 38th AGM for FY 2025-26 to a future date.
• Shareholding and management may change upon approval and implementation of the Resolution Plan.
• NCLT has reserved the order; pronouncement expected shortly.
• Board to decide new AGM date under the Companies Act 2013.
• Resolution Professional notes ongoing CIRP oversight and ensures compliance if governance changes occur.
• Company is under CIRP following IBC 2016, with order dated 02.02.2022.

CIRP status and proceedings

• CIRP ongoing; IP Darshan Singh Anand manages affairs since Feb 2, 2022.
• Hearing on the Resolution Plan IA 1538/2022 held on 15 July 2026; next hearing 22 July 2026.
• Approval of the Resolution Plan remains pending before NCLT Chandigarh Bench.
• Disclosures to be uploaded on the company website.

NCLT update

• IA (IBC) 764/2022 heard; order reserved.
• IA (IBC) 1538/2022 for plan approval not taken up; listed for 15 July 2026.
• Hearing scheduled for 15 July 2026 on the two applications.
• Interim Resolution Professional Darshan Singh Anand continues to manage affairs.
• Company under CIRP since 2 February 2022.