Vikas WSP Limited has filed an application with the Registrar of Companies (ROC) seeking a three-month extension to hold its Annual General Meeting for FY26.

The company, which is under the Corporate Insolvency Resolution Process (CIRP), cited the pendency of an order from the National Company Law Tribunal, Chandigarh Bench as the reason for the delay.

Regulatory Filing Details

The application was submitted to the ROC, NCT of Delhi & Haryana, under Section 96 of the Companies Act 2013. The original deadline for holding the AGM for the financial year ended March 31, 2026, was September 30, 2026.

The company requested an extension of time from this last date. The approval from the ROC is currently awaited. The date of the AGM will be intimated once the extension is granted.

Insolvency Context

Vikas WSP Limited has been under CIRP since February 2, 2022. Its affairs and assets are managed by Interim Resolution Professional Mr. Darshan Singh Anand.

The NCLT order reserved in IA No. 1538/2022 concerns the approval of the Resolution Plan submitted by the Successful Resolution Applicant. This order remains unpronounced, necessitating the postponement of shareholder meetings.

Key Dates and References

Vikas WSP Limited reported a substantial reduction in its quarterly loss for Q1FY26, driven by lower operational deficits despite a decline in revenue. The company, which is currently undergoing the Corporate Insolvency Resolution Process (CIRP), posted a standalone net loss of ₹30.19 lakh for the quarter ended June 30, 2026.

This marks a sharp improvement from the net loss of ₹4,071.65 lakh recorded in the preceding quarter (Q4FY26). The results were approved by the Board of Directors at a meeting held on August 14, 2026, under the supervision of Resolution Professional Mr. Darshan Singh Anand.

Financial Performance

Revenue from operations contracted to ₹4.05 lakh in Q1FY26, down from ₹8.39 lakh in Q4FY26. Year-on-year, revenue also declined from ₹6.34 lakh in Q1FY25. Despite the drop in top-line figures, the company managed to contain its losses significantly compared to the prior quarter's exceptional outflows.

What the Numbers Show

The divergence between revenue contraction and loss reduction is notable. While revenue fell by over 50% sequentially from ₹8.39 lakh to ₹4.05 lakh, the net loss shrank by more than 99%, dropping from ₹4,071.65 lakh to ₹30.19 lakh. This suggests that the massive loss in Q4FY26 was likely driven by non-recurring or exceptional items rather than core operational inefficiencies alone, as current period losses are now closely aligned with the low revenue base. The absence of reserves (reported as nil) continues to reflect the capital erosion associated with the ongoing insolvency resolution process.