Vikas EcoTech Ltd

Meeting Details

• Date: 26 August 2026; Location: registered office of Vikas Ecotech Ltd; Time: not disclosed.

Key Agenda Items

• Consider, approve and take on record the un-audited financial results for quarter ended 30 June 2026.
• Consider any other item(s) with permission of the Chair.

Other Notes

• Trading window remains closed for designated persons and relatives until 48 hours after Q1 results.

Auditor change

• Board approved resignation of M/s KSMC & Associates as statutory auditors, effective August 12, 2026.
• MASAR & Co., Chartered Accountants appointed as statutory auditors to fill casual vacancy, effective August 17, 2026.
• Appointment subject to members' approval at the ensuing general meeting; valid until conclusion of the FY 2025-26 AGM.
• Disclosures under Regulation 30 of SEBI LODR enclosed; reasons for resignation stated in the resignation letter.
• There are no material reasons beyond the resignation letter.

Promoter arrest update

• Promoter Mr. Vikas Garg arrested by Directorate of Enforcement under PMLA.
• Company evaluating the development with legal advisors and will take appropriate steps.
• Operations continue in the ordinary course; no material impact to business.
• Time of occurrence: July 14, 2026; involved person: Mr. Vikas Garg.
• Estimated amount involved: Not ascertainable.
• Company will make further disclosures as required by law.

Audit opinion & disclosures

• Board approved standalone and consolidated audited results for FY2026.
• Auditors issued qualified opinions due to statutory dues delays and related-party transactions.
• Share capital reduction linked to Shamli Steels reverse swap; approvals pending.
• Related-party dealings with promoter group under review; approvals and disclosures in process.
• Loan recoverability concerns; ₹18.50 crore loan evidence not fully available.

Standalone performance

• Q4 FY2026 revenue from operations ₹8,204.52 lakh; total income ₹8,318.90 lakh.
• Q4 FY2026 PAT ₹-109.74 lakh; annual PAT ₹1,428.14 lakh.
• FY2026 EPS basic and diluted ₹0.09.
• FY2026 standalone revenue from operations ₹26,163.48 lakh; total income ₹26,782.87 lakh.
• Exceptional items ₹1,286.70 lakh included in FY26 results.

Consolidated performance

• FY2026 consolidated revenue from operations ₹35,318.05 lakh; total income ₹36,032.64 lakh.
• FY2026 consolidated PAT ₹313.70 lakh.
• Vikas Organics diluted to 53.19% but remains consolidated subsidiary.

Capex & cash flows

• Capex: Purchase of fixed assets ₹349.81 lakh in FY26 (standalone).
• Investing cash flow FY26: net inflow ₹9,562.51 lakh.
• Operating cash flow FY26: net outflow ₹11,151.81 lakh.
• Year-end cash and cash equivalents ₹286.58 lakh (standalone) and ₹444.51 lakh (consolidated).

Balance sheet & segment notes

• Standalone assets include Investments ₹10,420.50 lakh; Loans ₹3,793.05 lakh; Goodwill ₹1,350.46 lakh.
• FY26 segment revenues: Infra & Energy ₹11,695.60 lakh; Chemical ₹23,622.45 lakh.

Risks & regulatory notes

• Delays in statutory dues deposit; potential regulatory implications.
• Approvals pending for share capital reduction and related party dealings.
• Related-party receivables and promoter-group investments require further audit evidence.

Dematerialisation/rematerialisation details

• Details of dematerialised/rematerialised securities for the period furnished to all exchanges where listed.

Financial results approved

• Standalone and Consolidated Audited financial results for quarter/year ended 31 March 2026 approved.
• Auditors issued qualified opinions on Standalone and Consolidated results.

Auditor observations

• Basis for qualified opinion cites delays in statutory dues and insufficient audit evidence on investments and deposits.
• Related party transactions with promoter group/subsidiaries require prior shareholder approvals.
• SSPL share swap reversal noted; reduction of share capital pending regulatory approvals.
• Settlement with Hallow Securities Private Limited; post-reporting-date recoveries and no impairment recognized.

Regulatory and governance disclosures

• Related party transactions require prior approvals under SEBI LODR; approvals in progress.
• MoUs with BG Technocrats and Silverline Furnishing disclosed; commercial rationales not evidenced; funds advanced.

Capital structure and subsidiary status

• Reduction of SSPL share capital accounted in 2025; awaiting stock-exchange and NCLT approvals.
• Vikas Organics dilution from 100% to 53.19%; subsidiary continues to be consolidated; non-controlling interest recognized.

Tax and regulatory matters

• Income Tax demands of ₹17.71 crore contested; appeals filed; management expects no material liability.