Vikas EcoTech to hold AGM, proposes capital reduction, increased borrowing

Vikas EcoTech Limited will convene its 40th Annual General Meeting on September 29, 2025, to present its audited financial statements for the fiscal year ending March 31, 2025. The company reported a standalone turnover of ₹29,087.50 Lakhs with a profit of ₹1,428.14 Lakhs, and a consolidated turnover of ₹38,384.98 Lakhs with a profit of ₹1,698.37 Lakhs. Shareholders will vote on the re-appointment of Mr. Rajeev Kumar as executive director and on increasing borrowing limits to ₹500 Crores.

A significant development is the proposed capital reduction, following the reversal of a share swap transaction with Shamli Steels Private Limited due to financial irregularities. This will reduce the issued and paid-up share capital from ₹176,87,06,024 to ₹138,83,56,024, by extinguishing 38,03,50,000 equity shares. The company has also outlined its commitment to sustainable growth through various energy conservation and R&D initiatives, including a 500 KW solar installation and ongoing process upgrades.