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Vikas EcoTech Limited — Capital/Financing Update 2022
Mar 10, 2022
62285_rns_2022-03-10_29f32935-6a12-47d0-afb3-311260dbcbf2.pdf
Capital/Financing Update
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March 10, 2022
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Listing Compliance Department Listing Compliance Department National Stock Exchange of India Limited BSE Limited Exchange Plaza, Bandra-Kurla Phirozee Jeejeebhoy Towers, Complex, Bandra (E), Dalal Street, Fort, Mumbai 400051 Mumbai - 400 001
NSE Symbol: VIKASECO
Scrip Code: 530961
Sub : Media Relaese
“Specialty Chemicals & Compounds Business: Update”
Dear Sir/Madam,
In terms of Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 please find enclosed herewith copy of Media Release being made by the Company today titled “Specialty Chemicals & Compounds Business: Update” for the purpose detailed therein.
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 and Compliance Officer
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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Media Release
Specialty Chemicals & Compounds Business: Update
New Delhi, March 10, 2022: Vikas Ecotech Limited is pleased to share updates from the Specialty Chemicals & Compounds Business. The Specialty Compounds division has recently secured fresh orders valued at about INR 65 million, adding to the healthy order book with more than 700MT of orders which will be contributing to the performance for the current financial year, closing the current fiscal with exciting numbers.
The order book consists of new up-graded versions of materials developed by the Company for renowned national and international brands keeping up with the ever-changing fashion trends and performance pre-requisites updated regularly by the footwear industry.
Company’s esteemed customers include renowned OEM Suppliers for fashion Brand “Zara” namely – Bitufelt & Tej Shoetech; and “Clarks” namely Unisol India; apart from the regulars like Relaxo Footwears and many more.
About the Company:
Vikas Ecotech Ltd. is a New Delhi based company engaged in the business of Speciality Polymers & Specialty Additives and Chemicals for Plastics & Rubbers industries, catering to a wide horizon of applications in Agriculture, Infrastructure, packaging, electrical, footwear, pharmaceuticals, automotive, medical devices and components and other consumer goods.
Vikas Ecotech is the only manufacturer of Organotin (Heat Stabilizers for Vinyl applications) in lndia with in-house R&D facilities and is one of the single digit number of manufacturers of this product worldwide, who have technology and expertise for manufacturing this material right from Tin Metal to the final product. Vikas Ecotech is expanding its business and product portfolio has added many consumer (final) products to its conventional (raw material businesses) profile. The new business segments include Infrastructure Products like Steel Pipe Fittings, MDPE Pipes for Gas applications to its business lines.
The securities of the Company are listed on both the Stock Exchanges, BSE (Scrip Code: 530961) and NSE (Scrip Code: VIKASECO).
Disclaimer: Certain statements, words in this document that are not historical facts are forward looking statements. Such forward looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks and many other factors that could cause actual result to differ materially from those contemplated by these forward-looking statements. Vikas Ecotech Limited shall not be in any way responsible for any action taken based on such statement.