11-Sept-2026 14:00:42
VXLINSTRAcquisition and merger
VXL INSTRUMENTS LTD : RESOLUTION PLAN APPROVED BY NCLT, TO MERGE WITH NG ORGANICS PRIVATE LIMITED
• NCLT order approved on Sep 09, 2026, for the revival of the Corporate Debtor. • The company will continue to remain listed on the Stock Exchange; no delisting is proposed. • Resolution Plan submitted by Consortium of NG Organics Private Limited and Mr. Nitinbhai Govindbhai Patel is approved. • Plan involves transitioning to agriculture-related activities and merger with NG Organics Private Limited. • Total admitted claims of ₹6.28 Cr; Resolution Plan proposes ₹7.00 Cr for settlement. • Equity shareholders will receive NIL value.
VXL Instruments Ltd
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