StockWatch
·
Consumer Electronics
Corporate Governance29 Jun 2026, 02:56 pm

VXL Instruments Trading Window Closed Due to CIRP

AI Summary

VXL Instruments Ltd has announced the closure of its trading window for designated persons and their immediate relatives. This closure is in effect from the start of trading hours due to the ongoing Corporate Insolvency Resolution Process (CIRP) initiated by an NCLT order dated November 26, 2024. The company is operating under the Insolvency and Bankruptcy Code, 2016. During CIRP, certain SEBI (LODR) Regulations, including those pertaining to the Board of Directors and various committees (Audit, Nomination & Remuneration, Stakeholders Relationship, Risk Management), are not applicable. The roles and responsibilities are being fulfilled by the Interim Resolution Professional (IRP) or Resolution Professional (RP). The trading window closure is also for the purpose of declaring un-audited financial results for the first quarter ending June 30, 2026.

Key Highlights

  • Trading window closed for designated persons and relatives.
  • Closure is due to ongoing Corporate Insolvency Resolution Process (CIRP).
  • Certain SEBI LODR regulations are not applicable during CIRP.
  • IRP/RP will fulfill board and committee responsibilities.
  • Closure also for upcoming financial results announcement.