Viksit Engineering appoints Muskan Dewani as Company Secretary
Viksit Engineering Limited appointed Ms. Muskan Dewani as Company Secretary and Compliance Officer effective May 28, 2026. The company reported a return to profitability in FY26 with a net profit of ₹10.92 lakh, compared to a net loss of ₹184.51 lakh in the previous year, driven by revenue of ₹41.09 lakh post-IBC resolution plan implementation.
*this image is generated using AI for illustrative purposes only.
Viksit Engineering Limited appointed Ms. Muskan Dewani as Company Secretary and Compliance Officer effective May 28, 2026. The appointment was approved by the Board of Directors at a meeting held on the same day. Ms. Dewani is an Associate Company Secretary with experience in corporate secretarial, legal, and regulatory compliance matters under the Companies Act, 2013, Insolvency and Bankruptcy Code, 2016, and SEBI Regulations. She has no relationship with any of the directors or Key Managerial Personnel of the company.
The Board also approved the audited financial results for the year ended March 31, 2026. The company returned to profitability, posting a net profit of ₹10.92 lakh against a net loss of ₹184.51 lakh in the previous year. Revenue from operations stood at ₹41.09 lakh as the company resumed business activities following the implementation of a resolution plan under the Insolvency and Bankruptcy Code (IBC). Total expenses for the year were significantly lower at ₹20.03 lakh compared to ₹171.94 lakh in the previous year.
Implementation of Resolution Plan
The financial results follow the implementation of a resolution plan approved by the National Company Law Tribunal (NCLT), Mumbai Bench, on February 11, 2025. Pursuant to the plan, the existing equity share capital was cancelled and re-allotted. The Board approved the allotment of 2,37,500 fully paid-up equity shares to the successful resolution applicants on a preferential basis. Consequently, the paid-up equity share capital now comprises 2,50,000 equity shares of ₹10 each aggregating to ₹25,00,000.
Going Concern and Auditor’s Emphasis
The statutory auditors, AKB Jain & Co., issued an audit report with an unmodified opinion on the standalone financial results. However, they drew attention to the company's ability to continue as a going concern, noting that while net worth had been eroded and regular operations had not been carried out, the new promoters and management intend to revive operations. The financial results have been prepared on a going concern basis.
Key Financial Metrics
The following table summarizes the standalone financial results for Viksit Engineering Limited for the year ended March 31, 2026:
| Particulars | Year Ended 31.03.2026 (₹ in Lacs) | Year Ended 31.03.2025 (₹ in Lacs) |
|---|---|---|
| Revenue from operations | 41.09 | - |
| Total Income | 41.09 | 1.01 |
| Total Expenses | 20.03 | 171.94 |
| Profit/(Loss) for the period | 10.92 | (184.51) |
| Paid-up equity share capital | 25.00 | 24.90 |
Historical Stock Returns for Viksit Engineering
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
What specific operational strategies will the new management implement to sustain profitability and scale revenue beyond the current ₹41.09 lakh?
How does the company plan to address the auditor's concerns regarding its eroded net worth to ensure long-term viability as a going concern?
What are the projected capital expenditure requirements for the upcoming fiscal year to fully revive and expand business activities?
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