Vikas WSP Ltd — Updates, 31-07-2025: Company Update

Vikas WSP Limited has submitted its Annual Secretarial Compliance Report for the financial year ending March 2025. The company, under Corporate Insolvency Resolution Process (CIRP), reports significant compliance gaps. This is due to persistent non-cooperation by former management, including missing records and a prior Company Secretary abandoning duties. The Resolution Professional has filed NCLT applications seeking cooperation and addressing alleged fraudulent transactions, including a Rs. 423 Cr freehold land; these are pending. The situation has led to delayed financial results filings, non-holding of the AGM, and over 3 lakh rupees in unpaid penalties due to financial distress. A resolution plan awaits NCLT approval.