Viksit Engineering Posts ₹10.92 Lakh Profit Post-CIRP

Revenue from Operations: ₹41.09 lakhs (Previous year: ₹1.01 lakhs)

Net Profit/(Loss): ₹10.92 lakhs profit (Previous year: ₹184.51 lakhs loss)

EBITDA: ₹11.46 lakhs (Previous year: ₹(168.09) lakhs)

Total Income: ₹41.09 lakhs (Previous year: ₹1.01 lakhs)

Total Expenses: ₹20.03 lakhs (Previous year: ₹171.93 lakhs)

Pursuant to the NCLT-approved Resolution Plan (Order dated February 11, 2025):

Existing 2,49,000 equity shares of ₹10 each cancelled and extinguished
12,500 equity shares allotted to eligible shareholders (other than promoters) at exchange ratio of 503 shares for every 10,000 shares held
2,37,500 equity shares allotted to Successful Resolution Applicants on preferential basis aggregating ₹23.75 lakhs
Post-restructuring Paid-up Capital: ₹25.00 lakhs comprising 2,50,000 equity shares of ₹10 each
Promoter Holding: Kushal Chaturvedi holds 94% (235,000 shares)

Current Board Composition (as of March 31, 2026):

Mr. Kushal Chaturvedi (Non-Executive Director) - DIN: 11045524
Mr. Animesh Sharma (Whole-time Director) - DIN: 10905825
Ms. Bhumika Parwani (Women Independent Non-Executive Director) - DIN: 09732792
Ms. Manpreet Kaur Lamba (Women Independent Non-Executive Director) - DIN: 11046816

Key Managerial Personnel:

Mr. Manish Kumar Chaturvedi (CFO) - appointed November 28, 2025
Ms. Muskan Vijay Dewani (Company Secretary & Compliance Officer) - appointed May 28, 2026

Cessations during FY 2025-26:

Date: November 30, 2026

Time: 4:00 PM

Venue: Video Conferencing/OAVM

Cut-off date: November 23, 2026

E-voting period: November 26, 2026 (9:00 AM) to November 29, 2026 (5:00 PM)

1. Adoption of audited standalone financial statements for FY 2025-26

2. Re-appointment of Mr. Animesh Sharma (DIN: 10905825) as Whole-Time Director retiring by rotation

3. Borrowing Limits Approval: Special resolution to borrow up to ₹25 crores under Section 180(1)(c) of Companies Act, 2013

4. Security Creation Approval: Special resolution to secure borrowings up to ₹25 crores under Section 180(1)(a)

5. Articles of Association: Special resolution to adopt new AoA aligned with Companies Act, 2013 and Table F of Schedule I

6. Re-designation of Chairman: Special resolution to re-designate Mr. Kushal Chaturvedi as Non-Executive Chairman

7. Investments/Loans/Guarantees: Special resolution to increase limits to ₹25 crores over prescribed thresholds under Section 186

Board Meetings: 9 meetings held during FY 2025-26

Attendance: All directors attended 100% of meetings

Committees:

Audit Committee: Ms. Bhumika Parwani (Chairperson), Mr. Kushal Chaturvedi, Mr. Manpreet Kaur Lamba - 4 meetings
Nomination & Remuneration Committee: Same composition - 3 meetings

Statutory Auditors: M/s. AKB Jain & Co (FRN: 003904C) - appointed for 5 years until 47th AGM

Secretarial Auditors: M/s. Nishtha Khandelwal and Associates (FRN: S2024MH989400) - appointed for 5 years until March 31, 2030

Internal Auditors: M/s. JM & Associates (FRN: 011270N)

All audit reports are unqualified without any reservations or adverse remarks.

Company successfully completed Corporate Insolvency Resolution Process (CIRP) under IBC 2016
Resolution Plan approved by NCLT Mumbai Bench on February 11, 2025
Management transition completed with new promoters taking over
Company confirmed going concern status post-CIRP implementation
100% shares are in dematerialized form with ISIN INE965V01020