VXL Instruments Ltd has announced that the National Company Law Tribunal has approved the resolution plan submitted by the consortium of NG Organics Private Limited and Nitinbhai Govindbhai Patel.

The approved plan addresses financial restructuring, priority payments, and operational management.

Furthermore, the company will maintain its listing status on the stock exchange.

This milestone marks a critical step forward in resolving the corporate insolvency process, providing a structured path for business stabilization and safeguarding stakeholder interests as the new management takes charge to revive operations.