Vas Infrastructure Limited, currently undergoing Corporate Insolvency Resolution Process (CIRP), has informed stock exchanges that the Hon'ble National Company Law Tribunal (NCLT), Mumbai Bench (Court-II), has reserved its order in connection with the Resolution Plan submitted for the company under the Insolvency and Bankruptcy Code, 2016. The intimation was filed pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

NCLT Hearing and Reservation of Order

The NCLT Mumbai Bench (Court-II) heard the application bearing IA No. 41 of 2025, which pertains to the Resolution Plan submitted by Authum Investment & Infrastructure Limited in respect of Vas Infrastructure Limited (the Corporate Debtor). Upon conclusion of the hearing held on May 07, 2026, the Hon'ble Tribunal reserved the matter for orders.

The key details of the development are outlined below:

About the Resolution Professional

The intimation to the stock exchange was submitted by Ashok Kumar Golechha, the appointed Resolution Professional for Vas Infrastructure Limited (Under CIRP). His registration details are as follows:

The disclosure was made to BSE Limited on May 11, 2026, in compliance with applicable listing and regulatory requirements. The reservation of the order by the NCLT marks a significant procedural step in the ongoing insolvency resolution process of Vas Infrastructure Limited.

VAS Infrastructure Ltd has submitted its annual confirmation to BSE Limited regarding its corporate classification status under the Securities and Exchange Board of India (SEBI) regulatory framework. The company has formally declared that it does not meet the criteria for "Large Corporate" classification for the financial year ended March 31, 2026.

Regulatory Compliance Confirmation

The disclosure was made in compliance with SEBI Circular SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated October 19, 2023. This circular, read in conjunction with Chapter XII of SEBI Operational Circular No. SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021, establishes the framework for large corporate disclosures and reporting requirements.

Exemption from Annual Disclosure

Since VAS Infrastructure Ltd does not fulfill the large corporate criteria, the company is exempt from submitting the mandatory Annual Disclosure in format Annex XII-B2. This exemption relieves the company from the comprehensive reporting obligations typically required for entities classified as large corporates under the SEBI framework.

Corporate Leadership

The confirmation was signed by Ashok Kumar Golechha, who serves as the Resolution Professional for VAS Infrastructure Ltd. Golechha holds registration number IBBI/IPA-002/IP-N000932/2019-2020/12973 and submitted the digitally signed document on April 13, 2026.

Company Information

VAS Infrastructure Ltd operates under CIN L65100MH1994PLC076538 and maintains its registered office in Mumbai. The company's communication was directed to BSE Limited at Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai, ensuring proper regulatory compliance and transparency with the stock exchange.