Viksit Engineering Ltd — Updates, 06-05-2025: Company Update

Viksit Engineering Limited has announced a board meeting to approve the issuance of 2,37,500 fully paid-up equity shares to the Successful Resolution Applicant as per the approved Resolution Plan. The meeting will also address reducing public shareholding to 5% of the proposed paid-up capital by determining eligibility for 12,500 shares, canceling and extinguishing the entire shareholding of the erstwhile promoters, reconstituting company committees, and fixing the record date for capital restructuring. These steps signal significant changes in ownership and governance aimed at strengthening the company's capital structure.