Vikas WSP Limited has postponed its 38th Annual General Meeting (AGM), originally scheduled for July 28, 2026, to a future date to be intimated separately. The company, currently undergoing the Corporate Insolvency Resolution Process (CIRP), made the announcement on July 26, 2026, via an intimation to BSE Limited. The delay stems from pending regulatory approvals regarding its Resolution Plan, which could significantly alter the firm’s shareholding pattern and management structure.

The decision was communicated by Darshan Singh Anand, the Resolution Professional (RP) appointed by the Insolvency and Bankruptcy Board of India (IBBI). Anand stated that the RP does not wish to preempt the consequences of the approval of the Resolution Plan. Under the terms of the plan and applicable SEBI regulations, shareholding is subject to change upon the plan’s implementation. Consequently, the new management, once approved, will ensure all statutory compliances, including holding the AGM.

CIRP Status and NCLT Proceedings

Vikas WSP Limited entered the CIRP pursuant to an order dated February 2, 2022, passed by the Hon’ble National Company Law Tribunal (NCLT), Chandigarh Bench. The tribunal accepted the application filed by Bank of India under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC). In his CP IB No. 315/Chd/Hry/2019, the NCLT appointed Darshan Singh Anand as the Interim Resolution Professional. Members of the Committee of Creditors (CoC) confirmed Anand as the Resolution Professional in their second meeting held on March 17, 2022.

The Resolution Plan was submitted to the NCLT in October 2020. The matter was actively heard on July 8, 2026, July 15, 2026, and July 22, 2026. On July 22, 2026, the Hon’ble Tribunal reserved its order, which is expected to be pronounced shortly. The outcome of this order is critical for determining the future governance and equity structure of the company.

AGM Details and Future Steps

The postponed AGM was initially intended to approve the Audited Financial Statements for the fiscal year 2025-26, among other agenda items. The meeting was scheduled to be held through Other Audio-Visual Means (OAVM) or Video Conferencing (VC) from the company’s Project Office. The Board had previously approved the notice for the AGM during its meeting on May 28, 2026.

A revised date for the AGM will be decided and approved by the Board in accordance with the provisions of the Companies Act, 2013, once the NCLT order is received and implemented. Shareholders are advised to wait for further communications regarding the new schedule.

Vikas Wsp Limited successfully passed all resolutions during its adjourned 37th Annual General Meeting held on July 1, 2026. The meeting, conducted via video conferencing, saw the adoption of audited financial statements for FY 2024-25, the re-appointment of a director retiring by rotation, and the appointment of a secretarial auditor for a five-year term from FY 2025-26 to FY 2029-30. The company is currently under the corporate insolvency resolution process, with its affairs managed by an Interim Resolution Professional.

Voting Results Summary

The voting process encompassed remote e-voting and electronic voting conducted during the meeting. A total of 23,005 votes were polled, representing 0.0113% of the outstanding shares. Public non-institutions were the sole participants in the voting process, as promoter and promoter groups, along with public institutions, recorded zero votes. The resolutions secured the required majority to pass.

Resolution Details

The following table details the voting outcomes for the three ordinary resolutions tabled during the meeting:

Procedural Compliance

The meeting was originally convened on June 24, 2026, but was adjourned due to a lack of quorum. Saurabh Agrawal, Company Secretary in Practice at M/s Saurabh Agrawal & Co., served as the Scrutinizer for the voting process. The remote e-voting period was open from June 21, 2026, to June 23, 2026. The scrutinizer's report confirmed that the electronic voting systems were secured and that the results were reconciled with the records maintained by the Registrar and Transfer Agent, M/s MUFG Intime India Private Limited.

The company submitted the voting results to BSE Limited under Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations. The report of the scrutinizer, dated July 2, 2026, was also filed pursuant to Section 108 of the Companies Act, 2013, and Rule 20 of the Companies (Management and Administration) Rules, 2014.