VAS Infrastructure Limited shareholders approved both ordinary resolutions proposed at the 31st Annual General Meeting with 99.99% of votes cast in favor. The meeting was conducted on September 25, 2026, via Video Conferencing while the company remains under the Corporate Insolvency Resolution Process (CIRP).

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.

Voting results for key resolutions

The audited financial statements for the financial year ended March 31, 2026, were adopted by a near-unanimous vote. The appointment of M/s. Pranay Mandhana and Associates as secretarial auditors for FY27 also secured overwhelming support from members participating through remote e-voting and electronic voting at the meeting.

Insolvency status and governance context

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 scrutinizer report confirmed that all resolutions secured the requisite majority, allowing the Chairman to declare the results formally.

What the numbers show

The voting data reveals extreme concentration in shareholder participation relative to dissent. For both resolutions, less than 0.001% of total votes cast opposed the measures. This suggests that among the participating minority of shareholders who voted, there is virtually no opposition to the routine administrative steps of adopting financials and appointing auditors, even as the broader corporate control remains in legal limbo under the NCLT-directed re-run of the insolvency process.

Vas Infrastructure has scheduled its 31st Annual General Meeting for September 25, 2026. The company, currently under the Corporate Insolvency Resolution Process (CIRP), will conduct the meeting via video conferencing or other audio-visual means.

The Resolution Professional, Bimal Kumar Agarwal, issued the notice in compliance with Regulation 30, 32, and 34 of the SEBI (Listing Obligations & Disclosure Requirements), 2015. The public notice was published in The Free Press Journal and its Marathi edition, Navshakti, on September 3, 2026.

Meeting Details

Shareholders can participate remotely through electronic voting. The cut-off date for e-voting is September 18, 2026. The remote e-voting period runs from September 22, 2026, at 9:30 am to September 24, 2026, at 5:00 pm IST.

The Annual Report for FY26, including the notice of the AGM and instructions for participation, will be sent electronically to shareholders with registered email IDs. The documents are also available on the company website and the Bombay Stock Exchange platform.

Members requiring login credentials or assistance with e-voting may contact the company or the Registrar and Transfer Agent.