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 , a company currently under corporate insolvency resolution process (CIRP), has reported an update on its ongoing proceedings before the National Company Law Tribunal (NCLT), Chandigarh Bench.

Key Developments

• The application for approval of Vikas WSP's Resolution Plan was heard by the NCLT, Chandigarh Bench on November 12, 2025.
• Both parties presented arguments regarding the Resolution Plan approval.
• The NCLT has scheduled the matter for further hearing on December 2, 2025.

Corporate Insolvency Resolution Process

Vikas WSP has been under CIRP since February 2, 2022. During this period:

• The company's affairs, business, and assets are being managed by an Interim Resolution Professional.
• Mr. Darshan Singh Anand, with IP Registration No. IBBI/IPA-002/IPN00326/2017-2018/10931, was appointed as the Interim Resolution Professional.
• The powers of the board of directors are vested in the Interim Resolution Professional.

Disclosure Details

The company has made this disclosure in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The information has been communicated to the BSE Limited, where Vikas WSP's shares are listed.

Investors and stakeholders are advised to monitor further updates from the company regarding the progress of the Resolution Plan approval process. The outcome of these proceedings may have significant implications for the company's future operations and financial structure.