VXL Instruments Delays Q3 2025 Financial Results Due to Corporate Insolvency Resolution Process
VXL Instruments Ltd. has informed the exchange about the delay in submitting the financial results for the quarter ended 31 December 2025 under Regulation 33 of SEBI (LODR) Regulations, 2015. This delay is due to the Corporate Insolvency Resolution Process (CIRP) of VXL Instruments Limited, which was initiated pursuant to an order by the Hon’ble National Company Law Tribunal, Mumbai Bench - V. The IRP has been appointed and the first meeting of the Committee of Creditors was concluded on December 30, 2024. The roles and responsibilities of the board of directors and committees as specified under the SEBI (LODR) Regulations, 2015, shall be fulfilled by the IRP or RP during the insolvency resolution process period.
Key Highlights
- VXL Instruments delays Q3 2025 financial results due to CIRP under the Insolvency and Bankruptcy Code, 2016
- IRP appointed as Resolution Professional (RP) based on the voting held on December 30, 2024
- Roles and responsibilities of the board of directors and committees to be fulfilled by the IRP or RP during the insolvency resolution process
- Corporate Insolvency Resolution Process initiated pursuant to an order by the Hon’ble National Company Law Tribunal, Mumbai Bench - V
- First meeting of the Committee of Creditors concluded on December 30, 2024
Price Impact
More from VXLINSTR