Viksit Engineering Ltd — Updates, 25-07-2025: Company Update

Viksit Engineering Limited's Monitoring Committee held its meeting, approving the delegation of compliance authority to the company's Board. They formally recorded the complete handover to the Successful Resolution Applicant. Crucially, the committee approved its own dissolution, signaling the successful execution of the Resolution Plan. This action marks a significant step towards the company fully transitioning under its new management, moving forward from its resolution phase. The committee also authorized an application to the National Company Law Tribunal to confirm this successful implementation.