VXL Instruments to Hold RP Committee Meeting for Q2 2025 Financial Results Amid CIRP Aug 16, 2025
More news about VXL Instruments
14Aug 25
VXL Instruments Delays Q1 FY2026 Results Amid Ongoing Insolvency Process
VXL Instruments Limited announced a delay in submitting its financial results for the quarter ended June 30, 2025, due to the ongoing Corporate Insolvency Resolution Process (CIRP). The CIRP began on November 26, 2024, following an NCLT order. Resolution Professional Jayanti Lal Jain cited significant challenges in preparing financial statements within the stipulated timelines. The insolvency process has suspended certain SEBI regulations regarding board committees and governance, with the RP now managing these responsibilities. The company assures that results will be submitted once complete financial information is available.