VAS Infrastructure holds 31st AGM under insolvency resolution process
- VAS Infrastructure held its 31st AGM via video conference on September 25, 2026
- Meeting conducted under Corporate Insolvency Resolution Process by Resolution Professional
- Members considered adoption of FY26 audited financial statements
- NCLT directed re-run of resolution process in July 2026
- Voting results to be announced within 48 hours of meeting conclusion
*this image is generated using AI for illustrative purposes only.
VAS Infrastructure Limited held its 31st Annual General Meeting on September 25, 2026, through a Video Conferencing facility. The meeting was conducted under the Corporate Insolvency Resolution Process (CIRP), with powers vested in the Resolution Professional following an NCLT order.
The proceedings were presided over by Mr. Bimal Kumar Agarwal, the appointed Resolution Professional. He informed members that the Hon'ble National Company Law Tribunal (NCLT), Mumbai Bench, had directed a re-run of the resolution process in July 2026. Consequently, the company's future remains subject to the outcome of the CIRP, including the receipt of expressions of interest and approval of a resolution plan.
Meeting Proceedings and Resolutions
The audited financial statements for the financial year ended March 31, 2026, were placed before the members. The notice convening the AGM and the annual report were taken as read, along with the reports of the statutory and secretarial auditors. Two ordinary resolutions were proposed for consideration:
| Item No. | Resolution Type | Description |
|---|---|---|
| 1 | Ordinary | Adoption of audited financial statements and cash flow statement for FY26 |
| 2 | Ordinary | Appointment of M/s. Pranay Mandhana and Associates as secretarial auditors for FY27 |
Insolvency Status and Governance
The CIRP against the company commenced on March 11, 2024, pursuant to an NCLT order. Under Section 17 of the Insolvency and Bankruptcy Code, 2016, the powers of the Board of Directors are suspended and vested in the Resolution Professional. Mr. Agarwal clarified that his role is to manage the company's affairs, preserve asset value, and ensure operations continue as a going concern to the extent applicable.
Voting was conducted via remote e-voting and poll facilities for attendees. M/s. RSMJ and Associates, Chartered Accountants, served as the scrutinizer. The results of the voting will be announced within 48 hours of the meeting's conclusion and submitted to BSE Limited.
Historical Stock Returns for Vas Infrastructure
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.88% | -9.31% | -9.88% | -17.79% | 0.0% | +62.02% |
Which major infrastructure firms have submitted expressions of interest for VAS Infrastructure in the re-run resolution process?
How might the NCLT's directive for a re-run impact the timeline for finalizing a resolution plan and potential debt recovery for creditors?
What are the implications of the Board's suspension on ongoing operational contracts and employee retention during the interim period?
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