Vas Infrastructure Ltd (531574)
Latest quarterly results (Q4 FY26)
In its latest reported quarter, Q4 FY26, Vas Infrastructure's revenue was ₹0.0 Cr, and net profit ₹0.4 Cr (against a loss a year earlier).
| Q4 FY26 (₹ Cr) | Value | YoY vs Q4 FY25 | QoQ |
|---|---|---|---|
| Revenue | ₹0.0 | — | — |
| Operating profit | ₹-0.2 | loss widened | loss widened |
| Net profit | ₹0.4 | from loss | — |
| EPS (₹) | 0.26 | from loss | — |
📢 Recent Corporate Announcements
Vas Infrastructure Limited, which is currently undergoing Corporate Insolvency Resolution Process (CIRP), has issued a corrigendum to Form G extending the last date for Expression of Interest (EOI) submissions to October 20, 2026, from October 13, 2026. The decision follows requests received from prospective resolution applicants. Consequently, the deadline for final resolution plan submissions has been pushed from November 23, 2026, to November 30, 2026. The company remains severely distressed with zero TTM revenue, a negative net worth of -₹259 Cr, and debt of ₹120 Cr.
- EOI submission deadline extended from 13 October 2026 to 20 October 2026
- Final resolution plan submission date extended to 30 November 2026 (earlier 23 November 2026)
- Provisional list of prospective resolution applicants to be issued on 23 October 2026
- Final list of prospective resolution applicants scheduled for 30 October 2026
VAS Infrastructure Limited, which is currently undergoing Corporate Insolvency Resolution Process (CIRP), announced the publication of Form G inviting Expressions of Interest (EOI) for resolution plans. The last date to submit EOIs is October 13, 2026, and the final date for submitting resolution plans is November 23, 2026. The company carries debt of Rs 120 Cr with negative net worth of Rs -259 Cr and nil TTM revenue. Any resolution plan approved could involve substantial capital restructuring or severe equity dilution for existing shareholders.
- Form G published on September 28, 2026, inviting prospective resolution applicants
- Last date for receipt of Expressions of Interest set for October 13, 2026
- Final submission deadline for resolution plans scheduled for November 23, 2026
- Final list of prospective resolution applicants to be issued by October 23, 2026
Vas Infrastructure Ltd announced that Canara Bank, the sole secured financial creditor with 100% Committee of Creditors (CoC) voting share, has rejected the settlement proposal submitted by promoter Mr. Jayesh Valia. The promoter's proposal dated September 23, 2026, sought withdrawal of the Corporate Insolvency Resolution Process (CIRP) under Section 12A of the IBC. Consequently, the CIRP will continue under Resolution Professional Mr. Bimal Kumar Agarwal. The company carries debt of Rs 120 Cr against a negative net worth of Rs -259 Cr and nil TTM revenue.
- Canara Bank, holding 100% voting share in the CoC, rejected the promoter's settlement proposal on September 24, 2026
- Proposal was submitted on September 23, 2026, under Section 12A of the IBC to settle dues and withdraw CIRP
- Company remains under CIRP pursuant to NCLT order dated March 11, 2024
- Resolution Professional Mr. Bimal Kumar Agarwal was appointed via NCLT order dated August 13, 2026
The NCLT Mumbai Bench, vide its order dated 13 August 2026, approved the replacement of Mr. Ashok Kumar Golechha with Mr. Bimal Kumar Agarwal as the Resolution Professional (RP) for Vas Infrastructure Ltd. The change was approved by the Committee of Creditors (CoC) with a 100% assenting vote in its 26th meeting held on 09 July 2026. The company continues to operate under the Corporate Insolvency Resolution Process (CIRP) amidst financial distress, with debt of Rs 120 Cr and a negative net worth of Rs -259 Cr.
- NCLT approved the appointment of Mr. Bimal Kumar Agarwal as the new Resolution Professional via order dated 13 August 2026.
- The CoC approved the RP replacement with a 100% assenting vote during its 26th meeting on 09 July 2026.
- Application disposed under IA No. 3523/2026 in CP (IB) No. 314/MB/2023.
- Company remains under ongoing CIRP with outstanding debt of Rs 120 Cr and net worth of Rs -259 Cr.
Vas Infrastructure's Q1 FY27 results highlight a critical state as the NCLT rejected the resolution plan from Authum Investment on July 7, 2026. The company is now required to restart the Corporate Insolvency Resolution Process (CIRP) from the Information Memorandum stage within a strict 120-day window. Auditors have issued a qualified opinion citing 'Material Uncertainty Related to Going Concern' and noted that Canara Bank classified the company's loan as 'Fraud' in February 2026. Financially, the company remains distressed with zero revenue, Rs 120 Cr in debt, and a deeply negative net worth of Rs -259 Cr.
- NCLT rejected the resolution plan by Authum Investment and Infrastructure Limited on July 7, 2026
- Fresh CIRP process must be completed within 120 days from the order date with no extensions allowed
- Canara Bank classified the company's loan account as 'Fraud' on February 17, 2026
- Company reports zero revenue for the quarter and a negative net worth of Rs -259 Cr
- Total debt stands at Rs 120 Cr, which is approximately 9.2 times the current market capitalization of Rs 13 Cr
Vas Infrastructure faces a severe crisis as the NCLT rejected the resolution plan submitted by Authum Investment and Infrastructure on July 7, 2026. The company is now required to re-initiate the Corporate Insolvency Resolution Process (CIRP) from scratch, including a fresh Information Memorandum, to be completed within 120 days. Financial health is critical with a negative net worth of ₹259 Cr and debt of ₹120 Cr, while TTM revenue remains at zero. Additionally, Canara Bank classified the company's loan as 'Fraud' in February 2026, further complicating recovery prospects.
- NCLT rejected the resolution plan by Successful Resolution Applicant Authum Investment and Infrastructure on July 7, 2026.
- Fresh CIRP process must be completed within a strict 120-day timeline with no extensions allowed.
- Canara Bank classified the company's loan account as 'Fraud' on February 17, 2026.
- Company reports a negative net worth of ₹259 Cr against a total debt of ₹120 Cr.
- Auditors issued a qualified opinion citing material uncertainty over the company's ability to continue as a 'Going Concern'.
Vas Infrastructure Ltd has scheduled a Resolution Professional (RP) Committee meeting on August 11, 2026, to approve unaudited financial results for the quarter ended June 30, 2026. The meeting will also finalize the notice for the 31st Annual General Meeting (AGM) for FY 2025-26. The company remains in a distressed state, reporting zero revenue for the last four quarters and carrying a debt of Rs 120 Cr against a negative net worth of Rs -259 Cr. The company is currently managed by an Interim Resolution Professional under insolvency proceedings.
- Board meeting scheduled for August 11, 2026, to approve Q1 FY27 results.
- Trading window remains closed from July 1, 2026, until 48 hours post-results.
- Company reported Rs 0.0 Cr revenue for the entire FY26 and Q1 FY27 period.
- Debt levels are high at Rs 120 Cr relative to a Rs 14 Cr market capitalization.
- Net worth is deeply negative at Rs -259 Cr as per latest financial context.
Vas Infrastructure, currently under Corporate Insolvency Resolution Process (CIRP), held its 27th Committee of Creditors (CoC) meeting on July 21, 2026. The company is in a severe financial state with a negative net worth of Rs -259 Cr and a total debt of Rs 120 Cr. With TTM revenue at Rs 0 Cr, the company's survival depends entirely on the outcome of these creditor meetings and the potential approval of a resolution plan. This filing is a procedural update required under SEBI insolvency regulations.
- 27th meeting of the Committee of Creditors (CoC) was conducted on July 21, 2026
- Company remains under Corporate Insolvency Resolution Process (CIRP) managed by a Resolution Professional
- Total debt stands at Rs 120 Cr against a market capitalization of only Rs 10 Cr
- Net worth is significantly eroded at Rs -259 Cr as per latest financial context
- TTM revenue is currently Rs 0 Cr, indicating a lack of operational business activity
Vas Infrastructure Ltd, which is currently undergoing the Corporate Insolvency Resolution Process (CIRP), has convened its 27th Committee of Creditors (CoC) meeting for July 21, 2026. The company is managed by Resolution Professional Ashok Kumar Golechha, whose authorization is valid until December 31, 2026. This meeting is a critical step in the ongoing insolvency proceedings, which have seen the stock price decline by 49.1% over the last six months. Equity shareholders should remain cautious as CIRP outcomes often involve significant capital restructuring or liquidation.
- 27th meeting of the Committee of Creditors (CoC) to be held on July 21, 2026
- Resolution Professional's Authorization for Assignment (AFA) is valid until December 31, 2026
- Stock has experienced a 49.1% price decline over the past 6 months
- Company is operating under the Corporate Insolvency Resolution Process (CIRP) framework
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