Vikas EcoTech Limited — Capital/Financing Update 2022

Feb 10, 2022

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February 10, 2022

Listing Department Deptt of Corporate Services National Stock Exchange of India Ltd 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

Sub : Debt Reduction Program Phase-II - Updates

Ref : Disclosure under Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015

Dear Sir/Madam,

In terms of Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 we would like to update you on the captioned subject that the Company has paid back Rs. 30 million today, taking the total amount of bank-debt reduced in the Phase-II to Rs. 300 million and the overall bank-debt reduction to Rs. 520 million till date.

It is pertinent to submit that the Company has initiating Second Phase of the Debt Reduction Program, on persistence and support extended by the promoters of the Company, wherein overall bank debt shall further get reduced by another 20% from the peak exposure, amounting to Rs. 350 million

It may please further be noted that post completion of announced phase II of debt reduction program, the management of the Company is intended to pay-back additional Rs. 200 million (at-least) before the close of this quarter (Q4_FY 2022).

After completion of both these phases, and intended additional bank-debt repayment, bankdebt shall get reduced by approx. 55% from the peak exposure, paving the way towards becoming a ‘ZERO Debt Company’ in 2023.

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