Vikas EcoTech Limited — Capital/Financing Update 2022

Nov 12, 2022

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VIKAS ECOTECH LIMITED

Registered Office: 34/1, Vikas Apartment, East Punjabi Bagh, New Delhi-110026, India Contact Person: Mr. Prashant Sajwani, Company Secretary and Compliance Officer Telephone: 011-43144444; Website: www.vikasecotech.com; E-mail: cs@vikasecotech.com; Corporate Identity Number: L65999DL1984PLC019465

SECOND AND FINAL REMINDER CUM FORFEITURE NOTICE#2 TO THE HOLDERS OF PARTLY PAID-UP EQUITY SHARES OF VIKAS ECOTECH LIMITED, WHO HAVE NOT PAID THE FIRST AND FINAL CALL MONEY.

Last date of payment: December 10, 2022

Date: November 7, 2022

CHEQUE/DEMAND DRAFT SHOULD BE MADE PAYABLE TO “VIKAS ECOTECH LIMITED – SECOND AND FINAL REMINDER COLLECTION A/C” IN CASE OF RESIDENT SHAREHOLDERS AND NON-RESIDENT SHAREHOLDERS. PAYMENT FOR CALL MONEY WILL BE ACCEPTED BY HDFC BANK LTD AT THEIR DESIGNATED BRANCHES

Reminder-cum-Forfeiture Notice No.: NAME DP ID-Client ID/Folio No.: Add 1 Add 2 Add 3 CITY - PINCODE PAN: Joint Holder 1 : Joint Holder 2 :

Dear Sir/ Madam,

SUB.: SECOND AND FINAL REMINDER CUM FORFEITURE NOTICE#2 FOR PAYMENT OF FIRST AND FINAL CALL MONEY OF ₹0.80 (COMPRISING ₹0.50 TOWARDS FACE VALUE AND ₹0.30 TOWARDS SECURITIES PREMIUM) PER PARTLY PAID-UP EQUITY SHARE ISSUED BY VIKAS ECOTECH LIMITED (THE “COMPANY”) ON A RIGHT BASIS PURSUANT TO THE LETTER OF OFFER DATED NOVEMBER 20, 2021 (“LETTER OF OFFER”)

REF.: ISSUE OF 30,90,09,241 PARTLY PAID UP EQUITY SHARES OF FACE VALUE OF ₹ 1 EACH OF VIKAS ECOTECH LIMITED (THE“COMPANY”) FOR CASH AT A PRICE OF ₹ 1.60 (INCLUDING A PREMIUM OF ₹ 0.60) PER EQUITY SHARE (“RIGHTS EQUITY SHARES”) ON A RIGHTS BASIS TO THE ELIGIBLE EQUITY SHAREHOLDERS OF THE COMPANY IN THE RATIO OF 12 RIGHTS EQUITY SHARES FOR EVERY 25 FULLY PAID-UP EQUITY SHARES HELD BY SUCH ELIGIBLE EQUITY SHAREHOLDERS ON THE RECORD DATE, THAT IS ON NOVEMBER 20, 2021 (THE “RIGHTS ISSUE”).

This is reference to the First Reminder of First and Final Call Money Notice dated April 4, 2022 issued in relation to the partly paid- up equity shares of the Company. The Board/ Right Issue Committee has authorized the issuance of call money 1[st] reminder(s) to the holders of remaining 1,34,41,646 Partly Paid-up Shares vide Notice dated April 4, 2022. The shareholders of the Partly Paid-Up Equity Shares, were required to pay the First and Final Call vide 1[st] reminder(s) between Monday, April 11, 2022 and Monday, April 25, 2022 (both days inclusive). The successful and valid call money vide 1[st] reminder(s) was received on 74,92,368 Partly Paid-Up Equity Shares and consequently transition of 74,92,368 Partly Paid-Up Equity Shares in to fully paid-up equity shares was approved. Outstanding Partly paid-up Equity Shares after Call/Reminder Notice (1[st] reminder) was 59,49,278 Partly Paid-up Shares.

Finally, the Right Issue Committee (“Committee”) of the Company, at its meeting held on November 7, 2022, decided to give LAST OPPORTUNITY to the shareholders holding Rights Equity Shares, who have not paid the First and Final Call money, to pay the First and Final call (hereinafter referred to as “Second and Final Reminder”) before forfeiture of the partly paid-up shares. Accordingly, the Committee approved the sending of a Second and Final Reminder-cum-Forfeiture Notice#2 (“Reminder-cum-Forfeiture Notice ”) for payment of final call amount of ₹0.80 per partly paid-up equity share (comprising ₹0.50 towards face value and ₹0.30 towards securities premium) as Final Call money, to the holders of such partly paid-up equity shares on which the final call money remains unpaid.

As per the Company’s records, the Final Call money for the partly paid-up equity shares of the Company held in the captioned DP ID – Client ID/ Folio No. remains unpaid and hence, in accordance with the Companies Act, 2013 (“Act”), Articles of Association of the Company and the Letter of Offer, the Second and Final Reminder-cum-Forfeiture Notice#2 is hereby given to you to pay the Final Call Money as per details given below:

No. of partly paid-up equity shares on which call Amount due and payable @ ₹0.80 per partly paid-up equity share amount is to be paid (₹ in figures)

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Other Instructions

Other Instructions
Payment Period	From	To	Duration
	November 16, 2022	December 10, 2022	25 days (both days inclusive)
Mode of Payment	Cheque/Demand Draft payable to “VIKAS ECOTECH LIMITED – SECOND AND FINAL REMINDER COLLECTION A/C”

Detailed instructions for payment of the Final Call Money (Second and Final Reminder) are enclosed as Annexure 1 . Please read the same before proceeding for payment.

You are requested to make the payment of the Final Call Money on or before DECEMBER 10, 2022.

Please note that, failure to pay the Final Call Money, as aforesaid shall render the partly paid-up equity shares of the Company held by you, including the amount already paid thereon, liable to be forfeited in accordance with the provisions of the Act, the Articles of Association of the Company and the Letter of Offer.

Yours faithfully,

Vikas Ecotech Limited

Prashant Sajwani Company Secretary

Encl: As above

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Annexure 1

VIKAS ECOTECH LIMITED

DETAILED INSTRUCTIONS FOR PAYMENT OF FINAL CALL MONEY PURSUANT TO SECOND AND FINAL REMINDER-CUM-FORFEITURE NOTICE#2 DATED NOVEMBER 7, 2022

MODE OF DISPATCH OF NOTICE

In terms of the provisions of the Act, read with the relevant rules made thereunder, the Second and Final Reminder-cum-Forfeiture Notice#2 is being sent in electronic mode to the holders of partly paid-up equity shares who have not paid the call money or part thereof, pursuant to the First and Final Call Money Notice, and whose e-mail address is registered with the Company or its Registrar and Transfer Agent – Bigshare Services Private Limited (“RTA”) or the Depository Participant(s). The Second and Final Reminder-cum-Forfeiture Notice#2 along with the detailed instructions and payment slip are also available on the Company’s website at www.vikasecotech.com.

Physical copies of the Reminder-cum-Forfeiture Notice along with the detailed instructions and payment slip are being sent to those holders of partly paid-up equity shares who have not paid the final call money (or a part thereof).

PAYMENT INSTRUCTIONS

Please note that:

• a. Cheque/demand draft should be made payable to “VIKAS ECOTECH LIMITED – SECOND AND FINAL REMINDER COLLECTION A/C” in case of resident shareholders or non- resident shareholders applying on repatriable basis or non-repatriable basis payable at Delhi, and crossed “Account Payee Only”. Further please mention Reminder-cum-Forfeiture Notice no., folio no./ DP ID no./ client ID no./ no. of Rights Equity Shares at the back of the cheque/ demand draft. Cash payment shall not be accepted.

• b. No part payment will be accepted and part payment will be treated as non-payment which shall render the partly paid-up equity shares, including the amount already paid thereon, liable to be forfeited in accordance with the provisions of the Act, the Articles of Association of the Company and the Letter of Offer. However, in relation to any payment made by a holder of the partly paid-up equity shares pursuant to the Reminder-cum-Forfeiture Notice for payment of final call money, which is lesser than the aggregate amount payable by such holder with respect to the partly paid-up equity shares held by such holder, the Board/duly authorized Committee of the Board, may consider conversion of such lower number of equity shares to be made fully paid-up, such that it is in proportion to the amount paid by such holder. ( For example - If a shareholder holds 100 partly paid-up equity shares, the aggregate amount payable by such holder pursuant to the Second and Final Reminder-cum-Forfeiture Notice#2 for payment of final call money will be ₹ 80/-. If such holder makes a payment of ₹ 40, such holder will receive such number of fully paid-up equity shares converted in proportion to the payment made i.e. 50 fully paid-up equity shares. Partly paid-up equity shares in respect of which the First and Final Call money payable remains unpaid shall be forfeited, in accordance with the provisions of the Act, the Articles of Association of the Company and the Letter of Offer.)

• c. Please note that payments in respect of partly paid-up equity shares for a particular demat account/folio no., shall be made only once during the Payment Period (and not in multiple tranches) and the subsequent payments made, post the first payment made during the Payment Period, may be rejected at the discretion of Board of directors or it’s duly constituted committee.

• d. Excess/duplicate amount paid or amount paid by person who is not a shareholder liable for payment or short payment made by a shareholder (in case the same cannot be adjusted towards payment of Final Call Money), will be refunded as per the following methods:

• i. Cheque/DD - Credit to the same bank account from where payment has been made

• ii. Any other method, as decided by the Board of directors or it’s duly constituted committee

Payment Modes

1. For payment through cheque/ demand draft

• i. Shareholders are requested to submit the payment slip along with cheque/demand draft made payable to “VIKAS ECOTECH LIMITED – SECOND AND FINAL REMINDER COLLECTION A/C” .

• ii. The payment slip is enclosed herewith as Annexure 2 .

• iii. The shareholder must inter alia state the following details in the payment slip:

  • a. Full Name of the Sole/First shareholder;

  • b. Reminder-cum-Forfeiture Notice No.;

  • c. DP ID-Client ID/Folio No.; and

  • d. No. of partly paid-up equity shares.

• iv. The payment slip along with the amount payable by cheque or demand draft must be presented at HDFC Bank Limited at any of the following locations during banking hours on or before December 10, 2022 :

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• v. Shareholders residing at locations where the HDFC Bank’s collection centre is not available, may send their Final Call Money along with the completed payment slip by registered post/speed post/courier at the office of the Registrar/Company:

• 1) Bigshare Services Private Limited (Unit: VIKAS ECOTECH LIMITED), Office No. S6-2, 6th Floor, Pinnacle Business Park, Next to Ahura Centre, Mahakali Caves Road, Andheri (East), Mumbai – 400 093, Maharashtra, India; or

• 2) Secretarial Department, Vikas Ecotech Limited, 34/1, Vikas Apartment, East Punjabi Bagh, New Delhi-110026, India stating the requisite details along with Cheque/Demand Draft payable at Delhi, such that the same are received on or before the last date of payment of the Final Call Money as mentioned in the Second and Final Reminder cum Forfeiture Notice#2 i.e. December 10, 2022.

• vi. Post-dated cheques will not be accepted and are liable to be rejected.

• vii. This is the Second and Final Reminder Notice of Call Money (First and Final Call). No another opportunity after this Notice and unpaid shares shall be forfeited.

• viii. After the last date of payment, Bank branches at the aforesaid locations will not accept any Final Call Money payment.

• ix. The Company will not be liable for any delayed receipt and reserves the right to reject such delayed receipts.

• x. Payment slip should be complete in all respects. The payment slip found incomplete with regard to any of the particulars required to be given therein are liable to be rejected.

2. Non-payment

Please note that, failure to pay the Final Call Money pursuant to the Second and Final Reminder cum Forfeiture Notice, as aforesaid, shall render the partly paid-up equity shares (to the extent that the final call money was not paid), including the application amount and first call money already paid thereon, liable to be forfeited in accordance with the Act, the Articles of Association of the Company and the Letter of Offer.

OTHER INFORMATION

• i. The ISIN - IN9806A01010 representing partly paid-up equity shares has been suspended by BSE Limited and National Stock Exchange of India Limited.

• ii. The process of corporate action for converting the partly paid-up equity shares to the fully paid-up equity shares under the present ISIN INE806A01020 for the existing fully paid-up equity shares is estimated to be completed, on a best effort basis, within two to three weeks from the last date of payment of the Final Call Money stipulated under this Second and Final Reminder-cum-Forfeiture Notice. Payments in respect of partly paid-up equity shares for a particular demat account/folio no., shall be accepted only once (and not in multiple tranches) and the subsequent payments made, post the first payment made during the Payment Period, will be liable to be rejected. Please note that the timeline for the credit of the fully paid-up equity shares to the respective demat accounts, may be affected due to the ongoing pandemic and related delays, including due to any lockdowns imposed by the relevant authorities or due to procedural formalities with the regulatory authorities.

• iii. Upon completion of the corporate action, the partly paid-up equity shares shall be converted into fully paid-up equity shares and would be credited to ISIN INE806A01020, allotted by NSDL/CDSL.

• iv. In case of non-receipt of the Reminder-cum-Forfeiture Notice, shareholders can request by e-mail or letter, for the duplicate Reminder-cumForfeiture Notice to the Registrar, or may also download the same from the Company’s website: In such a case, however, the shareholder has to fill the DP ID-Client ID, number of partly paid-up equity shares held and amount payable towards the Final Call Money and other desired details.

• v. The shareholder must mention in the Application, his/her PAN number allotted under the Income Tax Act, 1961.

• vI. All capitalized terms not defined herein would have the same meaning as attributed to it in the Letter of Offer.

Yours faithfully,

Vikas Ecotech Limited

Prashant Sajwani Company Secretary

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Annexure 2

VIKAS ECOTECH LIMITED PAYMENT SLIP FOR FINAL CALL

(to be used for payment though cheque/ demand draft)

SHAREHOLDERS SHOULD SUBMIT THIS SLIP TO HDFC BANK BRANCH ALONGWITH CHEQUE/DEMAND DRAFT

From: Reminder-cum-Forfeiture Notice No.: Name: DP ID – Client ID/Folio No.: PAN:	To, HDFC Bank Limited Branch ________ (please fll name of the branch, refer list overleaf)

REMINDER-CUM-FORFEITURE NOTICE TO THE HOLDERS OF PARTLY PAID-UP EQUITY SHARES ON WHICH CALL AMOUNT IS TO BE PAID

(to be filled in by the shareholder)

AMOUNT IS TO BE PAID (to be flled in by the shareholder)	AMOUNT IS TO BE PAID (to be flled in by the shareholder)	AMOUNT IS TO BE PAID (to be flled in by the shareholder)
DP ID and Client ID/ Folio No.			No. of partly paid-up equity shares on which call amount is to bepaid(A)		Amount due and payable @ ₹0.80 per Partly Paid-up Equity Share [(A)*₹0.80(₹ in fgures)
Payment Details:
Final Call Money Due (in ₹)	Cheque/ Demand Draft amount (in ₹)	Cheque/ DD No.		Drawn on/paid from (Bank & Branch)		Date of payment	Bank Serial No. (To be flled in by the Bank)

~~Tear Here~~

VIKAS ECOTECH LIMITED ACKNOWLEDGEMENT SLIP FOR FINAL CALL MONEY

SECOND AND FINAL CALL REMINDER-CUM-FORFEITURE NOTICE DATED NOVEMBER 7, 2022

Received by Cheque/DD No. ____ dated ___ for ₹ ____

drawn on ___________ (name of bank & branch) being the payment towards Final Call money for the above Rights Equity Shares. (Details to be filled by the shareholder) Name of the First/Sole Shareholder: Sign and Stamp of HDFC Bank Limited DP ID/Client ID/ Folio No.: Collecting Bank No. of Partly Paid-up Equity Shares: Second and Final Reminder-cum Forfeiture Notice No.: Date: Date:

Note: Cheque is subject to realisation

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COLLECTION BANK BRANCHES FOR RESIDENT AND NON-RESIDENT APPLICANTS :

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City/Location Complete Address and Contact details
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City/Location	Complete Address and Contact details
Agra	W.B.O. Dept
Ahmedabad	HDFC Bank Ltd. 2nd Floor, Tej Enclave, Opp. Gandhigram Railway Station, Above Emerald Honda, Of. Ashram Road, Ahmedabad-380009. Contact Number: 079-61561049 / 079-61561058
Bangalore	HDFC Bank Ltd, Cash Management Services, "Salco Centre", # 8/24, Richmond Road, Bangalore – 560025 Contact Number:080 – 66633131
Bhavnagar	1st Floor, Ofce No. 102 A 103 A, Silver Arc, Opp. Daxinamurti School, Waghawadi Road, Bhavnagar, Gujarat – 364002 Contact Number:0278-2571322 / 9879595252 / 9173063590
Baroda	HDFC Bank LTD, 4th Floor, Kanha Capital, Opp. Hotel Express, Alkapuri, Baroda-390007 Contact Number:0265 – 6160617 /9327766602/ 093777 87958
Chennai	No. 115, Dr. Radhakrishnan Salai, 2nd Floor, Opp. To Csi Kalyani Hospital, Mylapore, Chennai - 600004 Contact Number:044-28477026 / 7029
Coimbatore	1st foor, No.315/316,Mettupalayam Road, Opp Murugan Mills, Near Ganga Hospital, Tamil Nadu 641 043, India Contact Number: 0422- 4202636, 9841684282, 9655944564
Delhi	HDFC Bank Ltd, B - 7/3, Asaf Ali Road, Delhi – 110002.Contact Number:0120-4894211/0120-4894321/0120-4894210
Hyderabad	II Floor, D. No. 6-3-244 A / 246, Roxana Palladium, "Bank House", Road No 1, Banjara Hills, Hyderabad - 34 Contact Number:040 - 6792 1411 / 94944 27888 / 90003 00565
Indore	HDFC Bank Ltd., 1St Floor, Brilliant Avenue, Sch No. 94, Sector -B, Behind Bombay Hospital, Ring Road, Indore -452010 Contact Number: 0731-4726308/9893812299
Jaipur	HDFC Bank Limited, Wholesale Banking Operations. II Floor, JTN-Anukampa, Adjoining Raj Mandir Cinema, Bhagwan Das Road C-Scheme, Jaipur. Contact Number:0141-3006493,9828589899/9314602581
Kolkata	HDFC Bank Ltd, CMS Operations, Bengal Intelligent Park, Omega Building, 15th Floor, Block EP & GP, Next to Infnity Building, Salt Lake Sector - V, Kolkata - 700091. Contact Number:9830690221 / 9903379280
Kanpur	15/46, 2nd Floor, Civil Lines, Kanpur-208001.Contact Number:9936019346 / 9721244445
Kolhapur	1116/D, "E" Ward, Shahupuri, Near Paach Bunglow, Bhagarathi Heights, Second Floor, WBO, Kolhapur Contact Number:9922631917, 9890968831
Lucknow	PranayTowers 38, Darbari Lal Sharma MargLucknow -226001.Contact Number: 0522-4928406,9415468134,8601901051
Mumbai	Ground Floor, Maneckji Wadia Building, Nanik Motwani Marg, Near Kala Ghoda, Opp Mumbai University, Fort Mumbai- 400 001 Contact Number:022-40801528 / 1560
Nashik	Shop No - 1-4, First Floor, Swastik Trade Center, Opp. Fame Theater, Bodhale Nagar, Nasik Pune Road, Nasik - 422 011 Contact Number:9834018032, 9921815261
Pune	HDFC Bank Ltd, Wholesale Banking Operations, Fortune Square, Near Deep Bunglow Chowk, Model Colony, Shivaji Nagar, Pune 411 016 Contact Number:020 - 41224417 / 9372499443
Rajkot	1St & 2Nd Floor, " Shri Harish,"40 / A Bhaktinagar Society, Bhaktinagar Circle. Rajkot - 360 002. Contact Number:63598 95323 / 93274 14564
Ranchi	1 Floor, Rohini Complex, 56 Circular Road Lalpur, Ranchi 834001 Contact Number:7304558294/ 9238014440
Surat	HDFC Bank Ltd, Wholesale Banking Operations, 12th Floor, D Wing, Swastik Universal, Next to Valentine Cinema, Piplod, Surat 395 007 Contact Number:0261-6180203
Vijaywada	HDFC Bank Ltd., D. No: 40-5-4A,I Floor, Tikkle Road,Vijayawada-520 010 Contact Number: 0866-2497400/6647400

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