Vikas WSP Limited has provided an update on its ongoing National Company Law Tribunal (NCLT) proceedings, informing BSE that the hearing for resolution plan approval has been rescheduled to March 16, 2026. The company, which has been under Corporate Insolvency Resolution Process (CIRP) since February 2, 2022, disclosed these developments under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements.

NCLT Proceedings Update

The company's latest disclosure reveals the status of multiple applications before the NCLT Chandigarh Bench. During the January 21, 2026 hearing, the tribunal extensively heard matters related to applications seeking cooperation from the company's ex-management, while the resolution plan approval could not be addressed.

Corporate Insolvency Resolution Process

Vikas WSP Limited has been operating under CIRP since February 2, 2022, following an order from the NCLT Chandigarh Bench. The company's affairs, business operations, and assets are currently managed by Resolution Professional Darshan Singh Anand, who holds IP Registration No. IBBI/IPA-002/IPN00326/2017-2018/10931.

The Resolution Professional was initially appointed by the NCLT and later continued by the Committee of Creditors (CoC) during their meeting held on March 17, 2022. Under the CIRP framework, the powers of the board of directors have been vested in the Resolution Professional.

Regulatory Compliance

The disclosure was made in continuation of the company's previous communication dated December 15, 2025, ensuring compliance with regulatory requirements. The company has confirmed that this information will also be uploaded on its official website at www.vikaswspltd.in .

The company operates from its registered office at B-86/87, Udyog Vihar, RIICO, Industrial Area, Sriganganagar, Rajasthan, and maintains ISO 9001 and ISO 14001 certifications along with HACCP registration. The next hearing on March 16, 2026, will be crucial for determining the progress of the resolution plan approval process.

Vikas WSP Limited , a company currently under Corporate Insolvency Resolution Process (CIRP), has provided an update on its ongoing proceedings with the National Company Law Tribunal (NCLT). The company, which has been under CIRP since February 2022, is awaiting approval for its Resolution Plan.

NCLT Hearing Update

The NCLT Chandigarh Bench heard the application for approval of Vikas WSP Limited's resolution plan. Following the proceedings, the hearing has been adjourned to December 15, 2025, for further deliberation.

Company Management

Since the initiation of CIRP in February 2022, Vikas WSP Limited's affairs have been managed by Resolution Professional Mr. Darshan Singh Anand. Mr. Anand, who holds IP Registration No. IBBI/IPA-002/IPN00326/2017-2018/10931, was initially appointed by the NCLT as the Interim Resolution Professional. His appointment was subsequently continued by the committee of creditors.

Regulatory Compliance

In compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR), Vikas WSP Limited has duly informed the BSE Limited about these developments. The company's scrip code is 519307.

Looking Ahead

As the company awaits the next hearing on December 15, 2025, stakeholders will be keenly watching for any decisions that may impact the future of Vikas WSP Limited. The outcome of this NCLT proceeding could significantly influence the company's path forward post the insolvency resolution process.

Investors and interested parties can find more information on the company's website at www.vikaswspltd.in , where this disclosure will also be uploaded as per regulatory requirements.

Note: This article is based on the latest available information, and the situation may evolve as further developments occur.