Vikas WSP Ltd. — Regulatory Filings 2024

Feb 17, 2024

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February 17, 2024

To The General Manager, BSE Limited Corporate Relation Department, Phiroze Jeejeebhoy Tower, Dalal Street, Mumbai-400001

Ref:-Vikas WSP Limited ("the Company under CIRP")

Scrip Code: -519307

ISIN: -INE706A01022

Ref.: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 .

Subject: Pre -facto intimation of 24[th] meeting of Committee of Creditors (COC) of M/s Vikas WSP Limited ("the Company under CIRP") scheduled to be held on Monday , February 19, 2024.

Dear Sir/Madam,s

This has reference to our intimation dated February 4, 2022 regarding the initiation of corporate insolvency resolution process ("CIRP") in the case of M/s Vikas WSP Limited ("the Company under CIRP") under Section 7 of the Insolvency and Bankruptcy Code, 2016, filed by the Financial Creditor Bank of India and initiating the Corporate Insolvency Resolution Process under Insolvency and Bankruptcy Code, 2016 (“IBC”).

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“LODR”) and in accordance with the requirements of sub-clause 16(g) of Clause A of Part A of Schedule III of the LODR, we wish to inform you that the 24[th] meeting of Committee of Creditors of M/s Vikas WSP Limited is scheduled to be held on Monday, 19[th] of February, 2024 at 04:00 P.M. at Suite No. 310, 3[rd] Floor, New Delhi House, 27, Barakhamba Road, Connaught Place, New Delhi- 110001 attending either physically or through Video Conference or other Audio and Visual means.

GUNJAN Digitally signed by GUNJAN KUMAR KARN KUMAR KARN Date: 2024.02.17 16:52:08 +05'30'

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We are attaching Notice and agenda herewith.

You are also requested to please take the same on record.

Thanking You Yours faithfully

For Vikas WSP Limited- Under CIRP

GUNJAN Digitally signed by GUNJAN KUMAR KARN KUMAR KARN Date: 2024.02.17 16:55:55 +05'30'

Gunjan Kumar Karn Company Secretary cum compliance officer M.No.-A38298

(Vikas WSP Limited is under corporate insolvency resolution process pursuant to the provisions of the Insolvency and Bankruptcy Code, 2016. With effect from February 02, 2022, its affairs, business and assets are being managed by, and the powers of the board of directors are vested in, the Interim Resolution Professional, Mr. Darshan Singh Anand (IP Registration No. IBBI/IPA-002/IPN00326/2017-2018/10931, appointed by the National Company Law Tribunal, Chandigarh Bench by order dated 02[nd] February, 2022 under the provisions of the code, which was published on the website of the Hon'ble National Company Law Tribunal, Chandigarh Bench on 02[nd] February, 2022 and continued as Resolution Professional by the 02[nd] committee of creditors(CoC) in its meeting held on 17[th] March, 2022 under the provisions of the Code.).

Enclosed:-

1. Notice of 24[th] COC meeting

2. Agenda of 24[th] COC meeting

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NOTICE is hereby given that under the provisions of Regulations 18 & 19 of The Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, the Twenty-Fourth Meeting of the Committee of Creditors of Vikas WSP Limited, the Corporate Debtor undergoing CIRP, will be held on Monday, 19[th] February 2024 at 04:00 P.M. at Suite No. 310, 3rd Floor, New Delhi House, 27, Barakhamba Road, Connaught Place, New Delhi- 110001, to transact the following business as specified in the enclosed Agenda.

Following the provisions of Regulation 21 of The Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, the participants may attend and vote in the aforementioned meeting through:

• (1) Either in person or through an authorized representative.

• (2) Through video conferencing or other audio and visual means.

Further as per IBBI Circular No. IBBI/CIRP/016/2018 dated August 10, 2018, the financial creditors are requested to be represented in the CoC or any meeting of the CoC by such persons who are competent and are authorized to take decisions on the spot and without deferring decisions for want of any internal approval from the financial creditors.

You are requested to kindly make it convenient to attend the Meeting.

In terms of Section 21(2) of the Insolvency and Bankruptcy Code, 2016, the financial creditor or the authorized representative of the financial creditor, if it is a related party of the Corporate Debtor shall not have any right to representation, participation and voting in a meeting of the committee of creditors.

The resolutions which are proposed to be passed in the meeting and the explanatory statements to the said resolutions are also enclosed for your kind perusal and consideration.

Digitally signed by Darshan Singh Anand DN: C=IN, O=Personal, T=6577, OID.2.5.4.65= Darshan bfc195e112f54d818a6f2051c743f60b, Phone=efb63af2d1309e47e895bdeddc2eebb414b52a 628e2e19fdfd5cab197fd50681, PostalCode= 110012, S=Delhi, SERIALNUMBER= f75450f636619e97acfd507889a40212c2c09d2 eb925f99187ea58eaa1b9ac1d, CN=Darshan Singh Singh Anand Reason: I am the author of this document Location: Anand Date: 2024.02.17 14:26:42+05'30'Foxit PDF Editor Version: 13.0.1

Mr Darshan Singh Anand

Resolution Professional

In the matter of Vikas WSP Limited (under CIRP)

Reg. No. IBBI/IPA-002/IP-N00326/2017-18/10931 AFA is valid up to 20[th] December 2024

Address registered with IBBI and Project specific address for correspondence Address and E-mail Id registered with IBBI:

EG-46, Inder Puri, New Delhi-110012 E-mail ID - dsanand57@gmail.com

Project-specific address and e-mail Id:

Suite 310, 3rd Floor, New Delhi House, 27 Barakhamba Road, Connaught Place, New Delhi-110001, India

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For Vikas WSP Limited Darshan Singh Anand (Resolution Professional) Stellar Insolvency Professionals LLP (IPE)

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Email ID: cirp.vikaswsp@gmail.com

Date: 17[th] February 2024 Place: New Delhi

Enclosed:

• Agenda,

• Notes to Agenda,

• Resolutions proposed to be passed

• Intimation of the identity of Authorised Representative – Annexure A

Notice along with all enclosures sent to:

Financial Creditors:

Sl. No.	Name of the Financial Creditors
1.	Bank of India
2.	Punjab National Bank
3.	Union Bank of India

Suspended Board of Directors of Vikas WSP Limited (Corporate Debtor):

Sl. No.	Name of the Directors
1.	Pawan Singla
2.	Vishanudutt
3.	Anandilal
4.	Baljinder Singh
5.	Buta Singh
6.	Suman Devi

Operational Creditor with more than 10% of Debts admitted.

-Deputy Commissioner of Income Tax, Circle, Aayakar Bhawan, Sector-14, Hissar, Haryana

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For Vikas WSP Limited Darshan Singh Anand (Resolution Professional) Stellar Insolvency Professionals LLP (IPE)

Page 4 of 53

AGENDA FOR THE MEETING

Agenda for the Twenty-Fourth Meeting of the Committee of Creditors (CoC) of M/s. Vikas WSP Limited, the Corporate Debtor undergoing CIRP, to be held on Monday, 19[th] February 2024 at 04:00 P.M. at Suite No. 310, 3rd Floor, New Delhi House, 27, Barakhamba Road, Connaught Place, New Delhi- 110001, attending either physically or through Video Conference or other Audio and Visual means.

ItemNo.	Particulars
A. List of Matters to be discussed/ noted
1	The Resolution Professional to Take the Chair.
2	To Take Roll Calls at the Meeting.
3	To Ascertain theQuorum of the Meeting.
4	To take note of action taken by the Resolution Professional for management and operations of the Corporate Debtor since the last committee of creditors meeting.
5	To take note of the update on claim from CGST received post approval of Resolution Plan by CoC.
6	To note the methodologyand manner of voting.
B. Resolutions to be Passed at the Meeting
1	To approve, ratify, and reimburse the expenses directly relating to the Corporate Insolvency Resolution Process(CIRP).
2	To approve, ratify, and authorize the resolution professional to hold future CoC meetings at least once in eachquarter.
3	To deliberate and decide w.r.t. invocation of the Performance Bank Guarantee (“PBG”) submitted bythe Resolution Applicant for submission of the Resolution Plan.
4	To deliberate and decide on the fee of the Resolution Professional for the period beginning from May2023 till approval of Resolution Plan byHon’ble NCLT.
5	To deliberate and approve holding of 35th Annual General Meeting (“AGM”) i.e. for approval of the Financial Statements for the F.Y. 2022-23 alongwith other agenda items.
C. Any other matter with thepermission of the Chair
Digitally signed by Darshan Singh Anand DN: C=IN, O=Personal, T=6577, OID.2.5.4.65= bfc195e112f54d818a6f2051c743f60b, Phone= efb63af2d1309e47e895bdeddc2eebb414b52a62 8e2e19fdfd5cab197fd50681, PostalCode=110012 , S=Delhi, SERIALNUMBER= f75450f636619e97acfd507889a40212c2c09d2eb 925f99187ea58eaa1b9ac1d, CN=Darshan Singh Anand Reason: I am the author of this document Location: Date: 2024.02.17 14:27:20+05'30' Foxit PDF Editor Version: 13.0.1 Darshan Singh Anand

Mr Darshan Singh Anand Resolution Professional In the matter of Vikas WSP Limited-Under CIRP

Reg. No. IBBI/IPA-002/IP-N00326/2017-18/10931 AFA Valid up to 20[th] December 2024

Address registered with IBBI and Project specific address for correspondence Address and E-mail Id registered with IBBI:

EG-46, Inder Puri, New Delhi-110012 E-mail ID - dsanand57@gmail.com

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For Vikas WSP Limited Darshan Singh Anand (Resolution Professional) Stellar Insolvency Professionals LLP (IPE)

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Project-specific address and e-mail Id:

Suite 310, 3rd Floor, New Delhi House, 27 Barakhamba Road, Connaught Place, New Delhi-110001, India Email ID: cirp.vikaswsp@gmail.com

Date: 17[th] February 2024 Place: New Delhi P. S.: Notes to the Agenda appended hereto is an integral part of the Notice.

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For Vikas WSP Limited Darshan Singh Anand (Resolution Professional) Stellar Insolvency Professionals LLP (IPE)

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