Viksit Engineering Limited reported a net loss of ₹4.02 lakh for the quarter ended June 30, 2026 (Q1FY27), significantly narrowing from the ₹11.37 lakh loss recorded in the preceding quarter. The improvement comes as the company, which has not carried out regular business operations, continues its revival under new promoters and management following an NCLT-approved Resolution Plan. The Board of Directors approved the unaudited financial results on August 11, 2026, alongside a change in the registered office location and the appointment of a new internal auditor.

The financial results were reviewed by AKB Jain & Co., the independent auditors, who issued a limited review report pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. While the auditors did not modify their conclusion, they drew attention to Note 4 regarding the going concern assumption, citing eroded net worth and lack of regular operations. However, they noted that the financial statements have been prepared on a going concern basis considering the future plans of the new management to revive operations.

Financial Performance

The company incurred total expenses of ₹4.02 lakh in Q1FY27, down from ₹10.93 lakh in the preceding quarter ended March 31, 2026. Revenue from operations remained at nil for the current quarter, consistent with the previous three quarters. The reduction in expenses drove the narrowing of the net loss.

Note: Figures are in ₹ Lacs except EPS.

The earnings per share (EPS) stood at ₹(1.61) for the quarter, compared to ₹(44.24) in the preceding quarter and ₹(5.41) in the corresponding period of the previous year. The paid-up equity share capital remains at ₹25.00 lakh.

Corporate Actions

In addition to approving the financial results, the Board approved the change of the company’s registered office within the local limits of Mumbai. The address has been moved from Room No. 1-2, Kapadia Chambers, Masjid Bunder (E), Mumbai, to T-152, 3rd Floor, Moongipa Arcade, D.N. Nagar, Andheri West, Mumbai, effective August 11, 2026.

The Board also appointed M/s I.P Mehta & Co. (Firm Registration Number 138699W) as the Internal Auditor for the Financial Year 2026-27. Muskan Vijay Dewani, Company Secretary and Compliance Officer, certified the disclosures made to BSE Limited.

What the Numbers Show

The primary driver of the improved bottom line is the sharp decline in 'Other expenses,' which fell from ₹9.50 lakh in the preceding quarter to ₹4.02 lakh in Q1FY27. This suggests a stabilization of operational overheads during the interim period between quarters. With revenue remaining at zero, the company’s focus appears strictly on cost containment while preparing for operational revival under the new management structure mandated by the NCLT resolution plan.

Viksit Engineering Limited is proceeding with the distribution of net sale proceeds from the open market sale of aggregated fractional entitlements. These fractional shares arose from the allotment of equity shares pursuant to the Resolution Plan approved on November 28, 2025, with a record date of May 23, 2025. The Trustee, nominated by the Board of Directors, is currently completing the sale of these shares at prevailing market prices in accordance with SEBI regulations.

The company stated that net proceeds, after the deduction of brokerage, statutory taxes, and other incidental expenses, will be distributed to eligible shareholders in proportion to their respective fractional entitlements. This distribution follows the implementation of the Resolution Plan and the consequent reduction of share capital. As the company lacked requisite Demat account details for certain shareholders, the equity shares were initially credited to respective Demat Suspense Escrow Accounts.

To ensure the seamless electronic transfer of proceeds, Viksit Engineering has requested eligible shareholders to provide valid Demat Account and Bank Account details, including IFSC and MICR information, to their Depository Participants or the company's Registrar and Share Transfer Agent, M/s. Sarthak Global Limited. Shareholders must complete these formalities at the earliest to receive the funds held in the escrow account.

The company has clarified that shares registered by July 2, 2023, and the corresponding financial statements, will be transferred to the Escrow Account in accordance with applicable SEBI Orders. Funds will be released to shareholders upon the completion of the necessary formalities. Shareholders seeking clarification or wishing to claim shares lying in the Demat Suspense Escrow Account have been advised to contact the company or its Registrar.