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.

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.