Vikas WSP Ltd — Important, 18-05-2026: Company Update

Vikas WSP, currently under corporate insolvency, submitted its Annual Secretarial Compliance Report for the financial year ended March 31, 2026. The company faces significant compliance challenges due to non-cooperation from former management, leading to delays in filing financial results, annual reports, and conducting AGMs. The Resolution Professional has initiated legal action concerning details of a Rs. 423 Crore freehold land and alleged fraudulent transactions. The company incurred a penalty of Rs. 153,400 for delayed financial results and has not established the required Structured Digital Database software. A resolution plan awaits NCLT approval, which is crucial for the company's future operations and compliance.