Vikas WSP board to meet on May 28 to consider Q4FY26 results

Vikas WSP Limited has announced that its suspended Board of Directors will meet on Thursday, May 28, 2026. The meeting has been convened in accordance with Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The primary agenda for the board meeting is to consider and approve the audited financial results of the company for the quarter and financial year ended as on March 31, 2026. The board will also review the report submitted by the statutory auditors on these financial results.

Agenda Items

The meeting will focus on the following key points:

Consideration and approval of the Audited Financial Results for the quarter and financial year ended March 31, 2026.
Review of the statutory auditors' report on the financial results.
Discussion on ongoing business propositions.
Consideration of any other business with the permission of the chair.

Corporate Status

It is noted that Vikas WSP Limited is currently under the corporate insolvency resolution process pursuant to the provisions of the Insolvency and Bankruptcy Code, 2016. The affairs, business, and assets of the company are being managed by the Interim Resolution Professional, Mr. Darshan Singh Anand. Consequently, the powers of the board of directors are vested in the Interim Resolution Professional.

The intimation regarding the board meeting was signed by Saroj Kumar Senapati, Company Secretary & Compliance Officer, on behalf of Vikas WSP Limited under CIRP.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+2.06%	+3.13%	-6.60%	-20.16%	-34.87%	-82.66%

Vikas WSP Limited, currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016, has disclosed the developments arising from proceedings before the Hon'ble National Company Law Tribunal (NCLT), Chandigarh Bench, Court-II, held on May 11, 2026. The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Schedule III, Part-A, Clause-A.

Background and Pending Applications

The disclosure is in continuation of the company's previous communication dated May 4, 2026. Three applications were scheduled for hearing before the NCLT, Chandigarh Bench on May 11, 2026. The key details of the applications are presented below:

Application:	Subject
IA (I.B.C.) No. 1538/2022	Approval of the Resolution Plan
IA (I.B.C.) No. 1537/2022	Section 66 Application reporting fraudulent transaction(s)
IA (I.B.C.) No. 1538/2022	Section 19(2) Application seeking cooperation

Hearing Outcome on May 11, 2026

During the hearing on May 11, 2026, IA (I.B.C.) No. 1537/2022, pertaining to the Section 66 Application reporting fraudulent transactions, was taken up for final arguments and was heard at length. The remaining matters could not be taken up due to time constraints. All matters are now listed for further hearing on May 18, 2026.

Company Under CIRP

Vikas WSP Limited has been under CIRP since February 2, 2022, pursuant to the provisions of the Insolvency and Bankruptcy Code, 2016. With effect from that date, the affairs, business, and assets of the company are being managed by the Interim Resolution Professional, Mr. Darshan Singh Anand (IP Registration No. IBBI/IPA-002/IPN00326/2017-2018/10931), appointed by the NCLT, Chandigarh Bench by order dated February 2, 2022. Mr. Anand was subsequently continued as Resolution Professional by the Committee of Creditors (CoC) in its meeting held on March 17, 2022.

The disclosure was signed by Saroj Kumar Senapati, Company Secretary & Compliance Officer (M. No.: F2898), on behalf of Vikas WSP Limited (under CIRP). The company has also stated that this disclosure will be uploaded on its official website.