VXL Instruments Ltd — Results, 30-06-2025: Result

VXL Instruments Limited has announced a board meeting on June 30, 2025, where the Resolution Professional (RP) committee, replacing the suspended Board under the Corporate Insolvency Resolution Process (CIRP), took on record the audited standalone financial results for the year ended March 31, 2025. The company reported a loss of Rs. 652.51 lakh, widening from Rs. 258.02 lakh the previous year, impacted by an exceptional write-off of Rs. 554.69 lakh. Significant audit uncertainties include unverified bank balances, overdue GST credit of Rs. 0.87 Cr, questions over fixed asset valuation, and inventory details. The company continues facing liquidity challenges, employee departures, and unresolved compliance matters amid CIRP but the financials were prepared on a going concern basis anticipating a successful resolution.