VXL Instruments: NCLT Approves Modified Resolution Plan

VXL Instruments Limited announced that the National Company Law Tribunal (NCLT), Mumbai Bench, has approved a Modified Resolution Plan for the company. This follows an earlier approval of a Resolution Plan on September 10, 2026, and a subsequent application on October 15, 2026, to modify it. The modification, filed by the Successful Resolution Applicant (SRA), Consortium of NG Organics Private Limited & Nitinbhai Govindbhai Patel, primarily removes the merger of NG Organics Private Limited with VXL Instruments Limited from the implementation structure. The SRA has elected not to proceed with the merger, stating that the modifications are consequential and do not alter the Total Bid Value of ₹7 crores, stakeholder entitlements, priorities, or implementation timelines. The SRA has also remitted the balance sum of ₹5.59 crores on September 19, 2026, demonstrating their commitment.