Vas Infrastructure released its Annual Report for the last financial year and announced its upcoming Annual General Meeting (AGM) via video conference.

The company remains under Corporate Insolvency Resolution Process (CIRP). A previously approved resolution plan was recently rejected by NCLT, leading to a directive for re-initiation of the CIRP within 120 days.

For the last financial year, the company reported a profit of 0.33 Cr, a turnaround from a 0.50 Cr loss in the prior year.

No dividend was declared.

The Resolution Professional has also filed an application regarding alleged fraudulent transactions totaling 261.09 Cr, which is pending.

This means continued uncertainty for shareholders as the insolvency process restarts.