Viksit Engineering Ownership Shifts After NCLT Resolution

Ruchika Chaturvedi acquired 2,500 shares in Viksit Engineering Limited for ₹25,000 on March 27, 2026. This transaction is part of a Resolution Plan approved by the National Company Law Tribunal (NCLT), which exempts the deal from SEBI's open offer regulations. Following this acquisition, Ms. Chaturvedi holds a 1% stake, and Mr. Kushal Chaturvedi holds 94%, consolidating their combined ownership to 95% of the company's total share capital.

This ownership clarity is a significant step for Viksit Engineering, which has been undergoing insolvency proceedings. Consolidating control under Ruchika and Kushal Chaturvedi is crucial for the company's potential revival and future strategic direction. The exemption from standard open offer rules underscores the unique procedures involved in NCLT-approved resolution plans.

Viksit Engineering Limited, established in 1983, traditionally operates in the wholesale trading of steel products. The company entered a Corporate Insolvency Resolution Process (CIRP) in December 2023. A key milestone was the NCLT Mumbai Bench's approval on February 11, 2025, of the resolution plan jointly submitted by Ruchika and Kushal Chaturvedi, which had secured unanimous approval from the Committee of Creditors.

Despite the ownership consolidation, Viksit Engineering is still in the process of exiting its insolvency resolution. This means underlying financial and operational challenges persist. The company has reportedly discontinued its primary operations, necessitating a substantial revival effort to restart or pivot its business model.

Moving forward, key factors to monitor include the management's execution of the approved resolution plan. Progress on reviving operations or implementing diversification strategies will be critical. Investors will also watch future financial results, operational updates, and any further regulatory announcements. The strategy for re-establishing business and achieving profitability will be central to the company's turnaround.