Vikas Ecotech Ltd. - Quarterly/Annual Result Disclosures and Notes dated 30 Jun 2023

1.     The financial results of the company have been prepared in accordance with Ind AS prescribed under Section 133 of the Companies Act 2013 (the Act) read with the relevant rules thereunder and in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015.

2.    The above Unaudited Financial results have been reviewed and recommended by the Audit Committee and approved by the Board of Directors at their meeting at the corporate office held on August 10, 2023. The Statutory Auditor of the Company has carried out an audit of the above Financial Results of the Company for the quarter ended June 30, 2023 in term of the Regulation 33 of the SEBI (LODR) Regulations, 2015 and have issued an unmodified Independent Auditor’s Report thereon.

3.     During the Quarter Ended June, 2023, Company has raised funds of Rs 49.98 Cr. by way of Issue of 17,85,00,000 Shares to Qualified Institutional Placements at Face Value of Rs 1 each at Issue Price of Rs 2.80 (including a premium of Rs 1.80 per Equity Share) at its meeting held on 12th June, 2023.

4.     The weighted average number of equity shares outstanding during the period has been considered for calculating the basic and diluted earnings per share (not annualized) in accordance with the Ind AS.

5.     Status of the investors complaints – Pending at the beginning of quarter - 0, complaints received during the quarter- 0, disposed-off during the quarter - 0 and pending at the end of the quarter – 0.

6. The results of the Company are also available for investors at www.vikasecotech.com, www.bseindia.com and www.nseindia.com.