Vikas EcoTech Limited — Capital/Financing Update 2021

Jun 4, 2021

June 4, 2021

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Listing Compliance Department Listing Compliance Department National Stock Exchange of India Limited. BSE Limited. Exchange Plaza, Bandra-Kurla Complex, Phirozee Jeejeebhoy Towers, Bandra (E), Mumbai 400051 Dalal Street, Fort, Fax: 022-26598235/36 Mumbai - 400 001 NSE Symbol: VIKASECO Scrip Code: 530961

NSE Symbol: VIKASECO

Sub: Intimation under Regulation 30 and 42 of the SEBI (LODR) Regulations, 2015, as amended (“SEBI Listing Regulations”) and outcome of the meeting of the Board of Directors of Vikas Ecotech Limited (the “Company”)

Dear Sir/ Madam,

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’), we wish to inform that the Board of Directors of the Company at their meeting held today i.e. on June 4, 2021 at its registered office, inter alia, considered and approved the following:

1. This is further to our intimation on the outcome of the meeting of the Board of Directors of the Company (“Board”) dated February 9, 2021, where the issue of fully paid-up equity shares of the Company of face value of Re. 1/- each (“Equity Shares”) was approved by way of a rights issue for up to an aggregate amount of up to Rs. 50 Crore (Rupees Fifty Crore) (“Rights Issue”), in accordance with the Companies Act, 2013 and the rules made thereunder, the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended and other applicable laws and our prior intimation dated May 31, 2021.

Terms of the Rights Issue are as follows:

Sl.No.	Particulars	Details
1.	Type of securities proposed to be issued	Fully paid-up Equity Shares of face value of Re. 1/- each(“Rights EquityShares”)
2.	Type of Issuance	Rights Issue of fully paid-upEquityShares
3.	Total number of securities proposed to be issued	Up to 36,38,69,577 fully paid-up Equity Shares of face value of Re. 1/- each for an amount aggregatingupto 4912.24 Lakhs.
4.	Issue Price	Rs. 1.35/- per Rights Equity Share (including premium of Re. 0.35/-per Rights EquityShare
5.	Record Date	June 10, 2021 for the purpose of determining the equity shareholders entitled to receive the rights entitlement in the Rights Issue (“Eligible EquityShareholders”)
6.	Right Issue Period	Rights Issue Opening Date: June 15, 2021 Last date for On Market Renunciation of Rights Entitlement: June 23, 2021 Rights Issue Closing Date: June 29, 2021 Eligible Equity Shareholders are requested to ensure that renunciation through off-market transfer is completed in such a manner that

Regd. Off: Vikas House, 34/1, East Punjabi Bagh, New Delhi – 110026

Plant 1 : Industrial Growth Centre, Phase-|, SIDCO Complex, Distt. Samba-187 121 (J&K) Plant 2 : G-24-30, Vigyan Nagar, RIICO Indl. Area, Shahjahanpur, Distt. Alwar-301 706 (Raj)

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		the Rights Entitlements are credited to the demat account of the Renouncees on or prior to the Issue Closing Date **Our Board or a duly authorized Right Issue committee thereof will have the right to extend the Issue period as it may determine from time to time, provided that this Issue will not remain open in excess of 30 days from the Issue Opening Date (inclusive of the Issue Opening Date). Further, no withdrawal of Application shall be permitted by any Applicant after the Issue ClosingDate.
7.	Rights Entitlement Ratio	13 Equity Shares for every 10 Equity Shares held by the Eligible Equity Shareholders in the Company as on the record date with the right to renounce.
8.	Outstanding Equity Shares prior to the Rights Issue	27,98,99,675 Equity shares of Re. 1/- each.
9.	Outstanding Equity Shares post Right Issue (assumingfull subscription)	64,37,69,252 Equity shares of Re. 1/- each.
10.	Terms of payment	Full amount of Rs. 1.35/- per Equity Share payable on application

The detailed terms of the Rights Issue including the procedure for applying in the Rights Issue and fractional entitlements will be specified in the Letter of Offer which will be filed by the Company with BSE Limited (“BSE”) and National Stock Exchange of India Limited (“NSE”) and with Securities and Exchange Board of India (“SEBI”) for record purpose only.

1. Appointment of Ms. Kratika Godika (DIN: 08825445) as Additional Director (Independent, Non-executive) of the Company w.e.f. June 4, 2021.

Brief Profile of Ms. Kratika Godika is attached as Annexure 1

This intimation is issued in terms of Regulation 30 and 42 of the SEBI Listing Regulations.

The meeting was commenced at 04:00 P.M and concluded at 07:15 P.M

You are requested to take the information on record and oblige.

Thanking you,

Yours Faithfully, for Vikas Ecotech Limited

SAJWANI Digitally signed by SAJWANI PRASHANT PRASHANT Prashant Sajwani Company Secretary

Regd. Off: Vikas House, 34/1, East Punjabi Bagh, New Delhi – 110026

Plant 1 : Industrial Growth Centre, Phase-|, SIDCO Complex, Distt. Samba-187 121 (J&K) Plant 2 : G-24-30, Vigyan Nagar, RIICO Indl. Area, Shahjahanpur, Distt. Alwar-301 706 (Raj)

Annexure 1

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Details of Ms. Kratika Godika

S. No.	Particulars	Details
1.	Reason for change viz. appointment, resignation, removal, death or otherwise	With a view to strengthen the existing board, Ms. Kratika Godika has been appointed as an Additional Director (Independent, Non-executive) of the Company. The induction of Ms. Kratika Godika on the board shall help the company in strengthening the existing risk compliance andgovernance framework.
2.	Date of appointment/cessation (as applicable)	June 4, 2021 Appointed as Additional Director (Independent,Non-executive)
3.	Brief profile (in case of appointment)	Ms. Kratika Godika is B.COM Graduate and Associate member of The Institute of CompanySecretaries of lndia
4.	Disclosure of Relationships between Directors (in case of Appointment of a Director)	Ms. Kratika Godika is not related to any Director of the Company.
5.	lnformation as required pursuant to BSE Circular with ref. no. LIST/COM P/14/2018-L9, dated 20th June, 201-8	Ms. Kratika Godika is not debarred from holding the office of Director by virtue of any SEBI Order or any other such authority.

Regd. Off: Vikas House, 34/1, East Punjabi Bagh, New Delhi – 110026

Plant 1 : Industrial Growth Centre, Phase-|, SIDCO Complex, Distt. Samba-187 121 (J&K) Plant 2 : G-24-30, Vigyan Nagar, RIICO Indl. Area, Shahjahanpur, Distt. Alwar-301 706 (Raj)