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:

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.

Vikas WSP Limited has fulfilled its regulatory compliance obligations by submitting the mandatory certificate under SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026. The submission was made to BSE Limited on April 13, 2026, as part of the company's ongoing regulatory requirements.

Regulatory Compliance Details

The certificate was issued by MUFG Intime India Private Limited (formerly Link Intime India Private Limited), which serves as the company's Registrar and Share Transfer Agent. The compliance relates to Regulation 74(5) of SEBI regulations, which governs the dematerialisation process and related procedures.

Certificate Confirmation

MUFG Intime India Private Limited confirmed that securities received from depository participants for dematerialisation during the quarter were properly processed within prescribed timelines. The certificate states that all securities received for dematerialisation were confirmed or rejected appropriately, and security certificates were mutilated and cancelled after due verification.

Key confirmations included in the certificate:

• Securities received for dematerialisation were confirmed to depositories
• Securities are listed on stock exchanges where earlier issued securities are listed
• Security certificates were properly mutilated and cancelled after verification
• Depository names were substituted in the register of members as registered owners

Corporate Status Update

Vikas WSP Limited continues to operate under Corporate Insolvency Resolution Process (CIRP) pursuant to the Insolvency and Bankruptcy Code, 2016. The company has been under this process since February 2, 2022, when the National Company Law Tribunal, Chandigarh Bench appointed Mr. Darshan Singh Anand as the Interim Resolution Professional.

Mr. Anand was later continued as Resolution Professional by the committee of creditors in their meeting held on March 17, 2022. During this period, the company's affairs, business and assets are being managed by the Resolution Professional, with the powers of the board of directors vested in the appointed professional.

Company Information

Vikas WSP Limited is based in Sriganganagar with its registered office at B-86/87, Udyog Vihar, RIICO, Industrial Area. The company maintains HACCP registration and accreditation credentials. Saroj Kumar Senapati serves as the Company Secretary and Compliance Officer, handling the regulatory submissions during the CIRP period.