VXL Instruments RP Approves Audited Financial Results

The Resolution Professional (RP) of VXL Instruments Ltd approved the audited standalone financial results for the year ended March 31, 2026, during a meeting held on May 29, 2026. This decision was made in lieu of the suspended Board of Directors, as the company undergoes the Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. The meeting, which commenced at 2:00 p.m. and concluded at 4:30 p.m., included a review of the Statutory Auditors’ Report. Auditors YCRJ & Associates expressed a disclaimer of opinion due to insufficient audit evidence.