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VXL Instruments’ resolution plan, valued at Rs 7.00 Crores, approved by NCLT
10-Sep-2026, 07:18

VXL Instruments Limited’s Resolution Plan has been approved by the National Company Law Tribunal, Mumbai Bench -I, according to a regulatory filing. The plan, submitted by a consortium of NG Organics Private Limited and Mr. Nitinbhai Govindbhai Patel, outlines a total bid value of Rs 7.00 Crores, with Rs 1.41 Crores already deposited. The approved plan will result in the issuance of 70,00,000 new equity shares to the new promoters and 3,68,421 shares to existing public shareholders, reducing the existing paid-up share capital from Rs 13,32,48,000.