Viksit Engineering Limited announced its quarterly results for Q3FY26 ended December 31, 2025, along with key corporate developments approved by the Board of Directors in their meeting held on February 14, 2026.

Financial Performance Overview

The company reported mixed financial results for the quarter, with significant variations compared to the previous quarter. The financial performance shows the ongoing impact of the company's restructuring process following the Corporate Insolvency Resolution Process (CIRP).

Nine-Month Performance Analysis

For the nine months ended December 31, 2025, the company demonstrated improved performance with a net profit of Rs 22.29 lacs compared to a net loss of Rs 70.19 lacs in the corresponding period of the previous year. Revenue from operations for the nine-month period stood at Rs 41.09 lacs, while total expenses were Rs 9.11 lacs.

Corporate Actions and Equity Issuance

The Board of Directors approved significant corporate actions during the meeting:

This equity issuance is part of the ongoing implementation of the Resolution Plan approved under the Corporate Insolvency Resolution Process.

Resolution Plan Implementation Status

The company has made significant progress in implementing its NCLT-approved Resolution Plan. The Resolution Plan was approved by the National Company Law Tribunal (NCLT), Mumbai Bench, through its order dated February 11, 2025. The Monitoring Committee, which was constituted to oversee the execution of the Resolution Plan, successfully completed its duties and was dissolved on July 25, 2025.

The company is currently focused on implementing the remaining components of the approved Resolution Plan, including the fresh equity share issuance to the resolution applicant as per the terms and conditions specified in the plan.

Auditor's Observations

The independent auditor's review report highlighted key concerns regarding the company's going concern status. The auditor noted that continuous losses, absence of regular operations, and erosion of net worth raise doubts about the company's ability to continue as a going concern. However, the financial results have been prepared assuming the company will continue operations.

Meeting Details and Compliance

The Board meeting was conducted on February 14, 2026, commencing at 03:00 P.M. and concluding at 04:00 P.M. The meeting addressed the quarterly results approval and strategic corporate actions in compliance with SEBI regulations. The company maintains its commitment to regulatory compliance and transparent disclosure of financial information to stakeholders.

Fedders Electric and Engineering Limited delivered exceptional profitability growth in the third quarter of FY26, with net profit surging 825% year-on-year despite facing revenue headwinds. The company's Board of Directors approved the unaudited standalone financial results for the quarter and nine months ended December 31, 2025, during a meeting held on February 11, 2026.

Financial Performance Highlights

The company's quarterly performance showed remarkable profit expansion, though revenue contracted compared to the previous year.

The significant boost in total income came from other income, which increased substantially to ₹37.25 crore in Q3FY26 from ₹5.03 crore in Q3FY25. This included ₹26.44 crore from reinstated trade receivables that were previously written off in earlier financial years.

Nine-Month Performance

For the nine months ended December 31, 2025, the company maintained strong profitability growth while experiencing revenue decline.

Corporate Developments

The Board meeting resulted in several key decisions beyond the financial results approval:

• Leadership Appointment: Mrs. Mamata Khandelwal was appointed as Company Secretary & Compliance Officer
• Delisting Progress: The company continues its delisting process from NSE and BSE following NCLT approval of the modified resolution plan on October 16, 2025
• Meeting Duration: The Board meeting commenced at 12:00 hours and concluded at 17:30 hours at the company's registered office in Sikandrabad, Uttar Pradesh

Operational Context

Fedders Electric operates under the management of Fedders Holding Limited following the Corporate Insolvency Resolution Process (CIRP) that was completed in 2021. The company's resolution plan was approved by NCLT on October 6, 2021, and operations were subsequently taken over by the new management.

The company has opted for delisting from all stock exchanges as 100% shareholding is currently held by the promoter in compliance with the approved resolution plan. The necessary applications have been filed with stock exchanges following the Board's approval in November 2025.

Financial Structure

The company maintains a paid-up equity share capital of ₹30.00 crore with face value of ₹10 per share. The earnings per share for Q3FY26 reached ₹12.25 compared to ₹1.32 in the corresponding quarter of the previous year, reflecting the substantial improvement in profitability.

Total comprehensive income for the quarter stood at ₹38.11 crore compared to ₹2.33 crore in Q3FY25, while nine-month comprehensive income reached ₹71.21 crore against ₹30.21 crore in the previous year.