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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Vas Infrastructure Ltd

Vas Infrastructure Ltd — NCLT to consider Authum Investment resolution plan April 21

REGULATORY ◆ Monitor Closely HIGH RISK
📅 Filed on BSE: 23 Mar 2026, 03:18 PM IST  ·  BSE ID: cd37d4db-fe69-4a43-ab32-4aa05a5fb416
View Original BSE Filing (PDF)
💡
In Simple Terms
The company is bankrupt and in court insolvency proceedings. A buyer has proposed buying it. The court hearing is April 21, 2026.
🤖 AI Summary
  • NCLT Mumbai Bench scheduled to consider Authum Investment resolution plan April 21, 2026
  • Vas Infrastructure Ltd currently in CIRP under IBC 2016 insolvency proceedings
  • Resolution plan submitted by Authum Investment & Infrastructure Limited under review
  • Resolution Professional Ashok Kumar Golechha managing insolvency process (IBBI Reg. IBBI/IPA-002/IP-N000932/2019-20/12973)
  • Filing is prior intimation under Regulation 30 LODR — tribunal date subject to cause list
🔢 Key Numbers - exact figures from BSE filing, not rounded
NCLT hearing date
April 21, 2026
Resolution Professional IBBI Registration
IBBI/IPA-002/IP-N000932/2019-20/12973
AFA validity
31.12.2026
🏢 How This Affects the Company
📈
Business Impact
Company remains non-operational under CIRP. Business continuity depends on NCLT approval of Authum's resolution plan. If approved, Authum assumes control; if rejected, alternative plans or liquidation follows.
💰
Financial Impact
Balance sheet remains suspended pending resolution. Creditors' recovery depends on plan value and execution. Shareholders face dilution or total loss depending on distribution under approved plan.
⚙️
Operational Impact
Company operates under court supervision via Resolution Professional. Operations remain restricted. Transition to new owner/management contingent on NCLT approval on April 21.
⚠️
Risk Impact
Insolvency proceeding creates existential risk — approval failure triggers liquidation. Plan acceptance uncertainty extends timeline. Creditor disputes or legal challenges delay resolution certainty.
👥 What This Means For Shareholders
✅
Action Required
Monitor NCLT filing status and April 21 hearing outcome. Review Authum plan terms when disclosed. Consult legal counsel on recovery prospects under insolvency distribution rules.
👤
Who Is Affected
All equity shareholders of Vas Infrastructure Ltd. Under CIRP, shareholders rank last in recovery after secured creditors, unsecured creditors, and employees. Recovery amount unknown pending plan approval.
🔍
Management Signal
Company defaulted on obligations triggering court insolvency. Management seeks resolution via Authum's plan. Signal indicates prior failed turnaround attempts and third-party restructuring necessity.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List - track these upcoming events
April 21, 2026 NCLT hearing outcome — approval, rejection, or adjournment of Authum plan
NCLT order disclosure on BSE post-hearing — formal decision on resolution plan status
Subsequent intimation if plan approved — transition timeline and new management details
HIGH RISK Company in active insolvency. Shareholder recovery contingent on NCLT approval. Plan failure triggers liquidation. No financial data disclosed; outcome entirely uncertain.
💡 Investor Takeaway
Vas Infrastructure is in CIRP with April 21, 2026 NCLT hearing to decide Authum Investment's resolution plan. Shareholder equity faces dilution or total loss. Outcome unknown — approval or rejection will determine company future.
⚖️ Strengths & Concerns

⚠️ Concerns

  • Company under CIRP indicates prior financial distress and inability to meet obligations independently.
  • Resolution plan outcome uncertain until April 21 NCLT hearing — full recovery of shareholder value remains highly questionable.
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⚠️ For Information Only - Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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