Quarterly Result11 Aug 2026, 06:51 pm
Viksit Engineering Declares Unaudited Q1 FY27 Results
AI Summary
Viksit Engineering Ltd announced its unaudited financial results for the quarter ended June 30, 2026. The Board of Directors also approved a change in the company's registered office within Mumbai and appointed M/s I.P Mehta & Co. as the Internal Auditor for FY 2026-27. The company's net worth has been eroded, and it has not carried out regular business operations, raising doubts about its ability to continue as a going concern. However, following a Resolution Plan approved by the NCLT, new promoters intend to revive operations.
Key Highlights
- Unaudited financial results for Q1 FY27 declared.
- Registered office shifted within Mumbai city limits.
- M/s I.P Mehta & Co. appointed as Internal Auditor for FY27.
- Going concern basis preparation due to eroded net worth.
- New promoters aim to revive operations and introduce new business.
Price Impact
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