Vikas EcoTech Limited — Capital/Financing Update 2022

Apr 11, 2022

==> picture [452 x 81] intentionally omitted <==

April 11, 2022

Listing Department Deptt of Corporate Services National Stock Exchange of India Limited BSE Limited Exchange Plaza Phirozee Jeejeebhoy Towers, Bandra-Kurla Complex, Dalal Street, Fort, Bandra (E), Mumbai 400 051 Mumbai 400 001 NSE Symbol: VIKASECO Scrip Code: 530961

Dear Sir/Madam,

Sub: 1[st] Reminder for First and Final Call Money Notice

This has reference to our letter dated April 4, 2022, wherein we had informed that the Right Issue Committee ("Committee"), duly authorized by the Board of Directors of the Company approved sending of a 1[st] Reminder Notice for payment of First and Final Call amount of Rs. 0.80/- per partly-up equity share to the holders of such partly paid-up equity shares on which the First and Final Call remains unpaid.

~~P~~ayment Period	From	To	Duration
	April 11, 2022	April 25, 2022	15 days
Mode of Payment	Cheque/Demand Draft payable to “VIKAS ECOTECH LIMITED – FIRST CALL REMINDER COLLECTION A/C”.

In this connection, we wish to inform that the Notice of the 1[st] Reminder - First and Final Call has been dispatched by e-mail and physical to all the holders of the partly paid-up equity shares who failed to pay the First and Final Call Money.

A specimen copy of the 1[st] Reminder-First and Final Call Money Notice is enclosed herewith for you reference.

This disclosure is being made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

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

==> picture [47 x 40] intentionally omitted <==

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

1[ST] REMINDER NOTICE TO THE HOLDERS OF PARTLY PAID-UP EQUITY SHARES OF VIKAS ECOTECH LIMITED, WHO HAVE NOT PAID THE FIRST AND FINAL CALL MONEY PURSUANT TO THE NOTICE DATED FEBRUARY 7, 2022 TO MAKE THE PAYMENT OF FIRST AND FINAL CALL MONEY WITHIN THE PERIOD STATED HEREIN.

Last date of payment: April 25, 2022

Date: April 4, 2022

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

Reminder Notice No.:

Name:

DP ID – Client ID/Folio No.:

PAN:

Dear Sir/ Madam,

SUB.: REMINDER CUM FORFEITURE NOTICE 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 E COTE CHLIMITED (THE“COMPANY”) FOR CASH AT A PRICE OF ₹1.60 (INCLUDING A PREMIUM OF ₹0.60) PER EQUITY SHARE (“RIGHTS EQUITY SHARES”) FOR AN AMOUNT AGGREGATING UPTO ₹4,944 LAKHS 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 25, 2021 (THE “RIGHTS ISSUE”).

This is reference to the First and Final Call Money Notice dated February 7, 2022 issued in relation to the partly paid- up equity shares of the Company. In this connection, the Right Issue Committee ( “Committee” ), duly authorized by the Board of Directors of the Company, at its meeting held on April 4, 2022, decided to give another 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 “Final Call” for convenience) before forfeiture of the partly paid-up shares. Accordingly, the Committee approved the sending of a Reminder Notice ( “Reminder 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 Reminder Notice 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	Amount due and payable @ ₹0.80 per partly paid-up
call amount is to be paid	equity share (₹ in figures)

Other Instructions	Other Instructions
	Payment Period	From	To	Duration
		April 11,2022	April 25,2022	15 days
	Mode of Payment	Cheque/Demand Draftpayable to“VIKAS ECOTECH LIMITED-FIRST CALL REMINDER COLLECTION A/C”.

Detailed instructions for payment of the Final Call Money 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 April 25, 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

1

Annexure 1

VIKAS ECOTECH LIMITED

DETAILED INSTRUCTIONS FOR PAYMENT OF FINAL CALL MONEY PURSUANT TO REMINDER NOTICE DATED FEBRUARY 7, 2022 MODE OF DISPATCH OF NOTICE

In terms of the provisions of the Act, read with the relevant rules made thereunder, the Reminder Notice 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 dated February 7, 2022, 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 Reminder Notice alongwith the detailed instructions and payment slip are also available on the Company’s website at www.vikasecotech.com.

Physical copies of the Reminder 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) and :

• a. who have not registered their e-mail address with the Company or its RTA or Depository Participant(s); or

• b. who have specifically registered their request for the physical copy of the same.

PAYMENT INSTRUCTIONS

Please note that:

• a. Cheque/demand draft should be made payable to “VIKAS ECOTECH LIMITED – FIRST CALL 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 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 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 Reminder Notice 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 may 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 – FIRST CALL 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 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 ICICI Bank Limited at any of the following locations during banking hours on or before April 25, 2022 :

• v. Shareholders residing at locations where the ICICI Bank Limited 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: Bigshare Services Private Limited (Unit: VIKAS ECOTECH LIMITED ), 1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road, Marol, Andheri (East), Mumbai, Maharashtra,400059, India; or (2) addressing to Company’s Secretarial Department sitting at the Corporate Office of

1

the Company at Vikas Ecotech Limited (Secretarial Department), 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 Reminder Notice i.e. April 25, 2022.

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

• vii. After the last date of payment, i.e. April 25, 2022, Bank branches at the aforesaid locations will not accept any Final Call Money payment.

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

• ix. 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 Reminder 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 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 Reminder 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.

In case of non-receipt of the Reminder Notice, shareholders can request by e-mail or letter, for the duplicate Reminder Notice to the Registrar, or may also download the same from the Company’s website: www.vikasecotech.com. 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.

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

• v. All correspondence in this regard may be addressed to:

Bigshare Services Private Limited(Unit: VIKAS ECOTECH LIMITED)

1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road, Marol, Andheri (East), Mumbai, Maharashtra-400059, India; Telephone: +91 22 6263 8200; Facsimile: +91 22 6263 8299

E-mail: rightsissue@bigshareonline.com; Investor grievance email: investor@bigshareonline.com; Contact Person: Mr. Arvind Tandel; Website: www.bigshareonline.com; SEBI Registration No.: INR000001385

• 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

2

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 ICICI BANK BRANCH ALONGWITH CHEQUE/DEMAND DRAFT

From: Reminder Notice No.: Name: DP ID – Client ID/Folio No.: PAN:	To, ICICI Bank Limited Branch (please fill name of the branch, refer list overleaf)

REMINDER 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)

DP ID and Client ID/ Folio No. No. of partly paid-up Amount due and payable @ ₹0.80 per equity shares on which Partly Paid-up Equity Share call amount is to be paid [(A)*₹0.80 (₹ in figures) (A)

Payment Details:

Final Call Money Cheque/ Demand Cheque/ DD No. Drawn on/paid Date of payment Bank Serial No. Due (in ₹) Draft amount from (Bank & (To be filled in (in ₹) Branch) by the Bank)

Tear Here

VIKAS ECOTECH LIMITED

ACKNOWLEDGEMENT SLIP FOR FINAL CALL MONEY REMINDER NOTICE

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 ICICI Bank Limited DP ID/Client ID/ Folio No.: Collecting Bank No. of Partly Paid-up Equity Shares: Reminder-cum-Forfeiture Notice No.: Date: Date:

Note: Cheque is subject to realisation

1

COLLECTION BANK BRANCHES FOR RESIDENT AND NON-RESIDENT APPLICANTS :

City/Location	Complete Address
MUMBAI	ICICI Bank Ltd., 1st floor, 122, Mistry Bhavan, Dinshaw Vachha Road, Backbay Reclamation, Churchgate, Mumbai - 400021. Tel.: 022-66818802/800/801
NEW DELHI	ICICI Bank Ltd, 9A, Phelps Building, Connaught Place, New Delhi - 110001. Tel.: 9650963403/ 11-42499767
AHMEDABAD	ICICI Bank Ltd, Jmc House, Opp. Parimal Gardens, Off C.G.Road Ambawadi, Ahmedabad - 380006. Tel.: 79-66523716/79-66523733
BANGALORE	ICICI Bank Ltd, 1, Shobha Pearl, Commissariat Road, Off M G Road, Ground Floor, Bangalore - 560025. Tel.: 80-65302651/ 88-61301834
PUNE	ICICI Bank Ltd, A Wing Shangrila Gardens Bund Garden Road Pune - 411001. Tel.: 20-32396187/ 20- 66406823
CHENNAI	ICICI Bank Ltd, 110, Prakash Presidium, Utthamar Gandhi Salai, Nungambakkam High Road, Chennai - 600034. Tel.: 42104272/9962924929
SURAT	ICICI Bank Ltd, Platinum Plaza, Opp. V.T. Choksi Law College, Athwalines, Surat - 395007. Tel.: 261-4001990 / 261-4004488
KOLKATA	ICICI Bank Ltd,22,Sir R.N. Mukherjee Road,Kolkata - 700001. Tel.: 33-44098213/ 9163392824
HYDERABAD	ICICI Bank Ltd, 6-2-1012, Tgv Mansions, Opp. Institution Of Engineers, Khairatabad, Hyderabad - 500004. Tel.: 8978889588/ 40-24745920
RAJKOT	ICICI Bank Ltd, Jai Hind Press Annexe, Opp. Shardabaug, Near Dharam Cinema, Rajkot - 360001. Tel.: 281-2572849 / 281- 6459808
JAIPUR	ICICI Bank Ltd, C99, shreeji Towers, Subhash Marg, Near Ahimsa Circle, C Scheme, Jaipur - 302001. Tel.: 294-5156101/ 141-4079060
VADODARA	ICICI Bank Ltd, 42, Haribhakti Society, Nr. Chakli Circle, O.P. Road, Vadodara - 390007. Tel.: 265-6722107 / 265-6722106
GHAZIABAD	ICICI Bank Ltd, R1/88, RajNagar, Ghaziabad, Uttar Pradesh - 201001. Tel.: 120-4344643/120- 4558973
NASHIK	ICICI Bank Ltd, Unit NoG19, Utility Center,Opp To Rajiv Gandhi Bhavan, Sharanpur Road, Nasik - 422002. Tel.: 253- 6605191/ 9766539813
LUCKNOW	ICICI Bank Ltd, Shalimar Tower, 31/54 M.G.Marg, Hazratganj, Lucknow - 226001 . Tel.: 522-6670118/ 522-6670160.
AGRA	ICICI Bank Ltd, No 6,8- 13,Ground Floor , Shanta Tower, SanjayPlace, Agra- 282002. Tel: 562-4060906
BHAVNAGAR	ICICI Bank Ltd, Plot No. 2569, Ground Floor, Ratnadeep Complex, Opp. Central Salt Research Institute, Waghawadi Road, Bhavnagar Gujarat - 364002. Tel.: 2764-222110/ 2838-651992
INDORE	ICICI Bank Ltd, 4,Chhoti Khajrani, Malav Parisar, Indore - 452008. Tel.: 731-2340050/ 7225015415
RANCHI	ICICI Bank Ltd, Main Road, Near Rattanlal Petrol Pump, Ranchi, Jharkhand- 834001. Tel.: 9204-795290/ 651-6660527
VIJAYAWADA	ICICI Bank Ltd, #401127,128 129, Murali Chambers, M.G.Road, Vijayawada- 520010, Tel.: 9908734739 / 866-6677002
COIMBATORE	ICICI Bank Ltd, Cheran Plaza, No.1090 Trichy Road- 641018. Tel.: 422-4506750/ 422-4506759
KOLHAPUR	ICICI Bank Ltd, Vasant Plaza, Near Udyog Bhavan, Rajaram Road, Rajarampuri, Kolhapur - 416001. Tel.: 2162-235648/ 231-6454118
KANPUR	ICICI Bank Ltd, 16/106, J.S.Towers, The Mall, Kanpur, Uttar Pradesh - 208001. Tel.: 7518024986 / 512- 6689810

2