Vikas EcoTech Limited (VIKASECO) — Board Meeting | 11 July 2026

Vikas EcoTech Limited announced the outcome of its July 1, 2026 board meeting, approving audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The auditor issued a qualified opinion due to unresolved statutory dues, related party transactions without shareholder approval, insufficient audit evidence on loan recoverability (₹18.50 crore), receivables from a cancelled MoU (₹42.53 crore), and an advance for a real estate project (₹55.50 crore). Shareholding in Vikas Organics Private Limited was diluted to 53.19% but remains a subsidiary. The company reversed a share swap with Shamli Steels, reducing share capital and premium. It recovered ₹8.45 crore from Hallow Securities and expects ₹12.00 crore total, while contesting ₹17.71 crore in tax demands without material impact. Segment revenue declined year-on-year, with Infra & Energy at ₹11,695.60 lakhs and Chemical Polymers Additives at ₹14,467.89 lakhs for FY2026. Net loss stood at [amount context mismatch] lakhs for the quarter, and total comprehensive income was negative at ₹78.90 lakhs. Cash flow from operations was negative at ₹11,151.81 lakhs, though investing activities generated ₹9,562.51 lakhs.