Vikas WSP Ltd — Important, 03-09-2025: Company Update

Vikas WSP, currently undergoing an insolvency resolution process, provided an update on the status of its Resolution Plan. The National Company Law Tribunal reviewed a separate application during the scheduled hearing for the Resolution Plan, not the plan itself. The Tribunal directed the Resolution Professional to submit additional information concerning this separate matter. Consequently, the Resolution Plan was not considered for approval. The hearing for the company's Resolution Plan has been rescheduled. This development indicates a continued delay in the corporate insolvency resolution process, impacting stakeholders awaiting a definitive resolution for the company.