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Viksit Engineering Limited has announced a board meeting to approve issuing 2,37,500 fully paid equity shares to the Successful Resolution Applicant as per the Resolution Plan. The plan includes reducing public shareholders' equity to 5% of the proposed paid-up capital and determining eligibility for 12,500 shares. It also involves canceling and extinguishing the entire shareholding of the former promoters, reconstituting company committees, and fixing a record date for capital restructuring. These changes mark a significant shift in ownership and governance, impacting shareholder value and company control.