Vikas EcoTech Limited — Interim / Quarterly Report 2020

Feb 13, 2020

VIKAS CCOTECH LTD.

Ph.; +91-1143144444 « Email : info@vikasecotech.com » Website : www.vikasecotech.com + CIN -L65999DL1984PLC019465

13" February, 2020

The Listing Department The Listing Department The National Stock Exchange of India Limited BSE Limited Exchange Plaza, Phirozee Jeejeebhoy Towers, Bandra-Kurla Complex, Dalal Street, Fort, Bandra (E), Mumbai 400051 Mumbai - 400 001

NSE Symbol: VIKASECO Scrip Code: 530961

Sub: shaudited Unaudited "nancial Financial Results Results -31" -31 December, December, 2019 2019

Dear Sir,

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 February 13, 2020 at its registered office, inter alia, considered and approved the Unaudited Financial Results for the third quarter and nine -months ended December 31, 2019 in terms of Regulation 33 of Listing Regulations. Copy of Financial Results along with the Limited Review Report thereon issued by the Statutory Auditors is enclosed.

The meeting of the Board of Directors commenced at 12:00 Noon and concluded at 18:05 P.M.

Kindly take this on record,

VIKAS ECOTECH LIMITEDCIN - L65999DL1984PLC019465EMAIL - info@vikasocotech.comPH NO: 011-43144444, FAX; 011-43144488
	REGD OFF: VIKAS HOUSE, 34/1. EAST PUNJABI BAGH, NEW DELHI -110026,STANDALONE UN AUDITED FINANCIAL RESULTS FOR THE NINE MONTH AND QUARTER ENDED 31ST DECEMBER 2019
		Three Months Ended		Nine Month ended		Year Ended
Sr. No.	Particulars	31.12.2019	30.09.2019	31.12.2019	31.12.2018	31.03.2019
		(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Audited)
	Revenue from operations (Refer Note 1 and 2)	5,173.35	5,096.81	15,583.49	16,198.90	24,525.04
		124.39	245.24	807.17	1,452.29	2.451.86
Ш	Other incomeTotal Revenue (I+II)	5,297.74	5,342.05	16,390.66	17,651.19	26,976.90
	Expenses:	4,153.25	4.151.08	12,922.30	13,544.92	20,983.74
	Cost of material consumed
	Change in Inventories of finished goods, stock-in-trade and work
	in progress	85.43	72.52	232.99	305.73	407.03
$\mathbf{I}$IVVVI.VIIVIIIIX$\overline{\mathbf{x}}$XIXIIXIII	Employee Benefit Expense	443.44	474.27	1,396.16	882.13	1.579.28
	Financial Costs	102.61	121.01	343.32	348.65	476.91
	Depreciation and Amortization ExpenseOther Expenses	501.52	328.65	1.068.40	698.28	1,225.76
	Total Expenses	5,286.25	5,147.53	15,963.17	15,779.71	24,672.72
	Profit before Exceptional Items and Tax	11.49	194.52	427.49	1,871.48	2,304.18
		0.00	837.30	837.3
	Exceptional items
	Profit/ (loss) before Tax	11.49	1,031.82	1,264.79	1,871.48	2,304.18
	Tax Expense:				534.97	595.11
	(1) Current Tax	$-35.08$	250.96	280.38		86.60
	(2) Deferred Tax			203.03
	(3) Previous Year Income Tax	203.03
	Profit/(Loss) from the period from Continuing Operations	(156.46)	780.86	781.38	1,336.51	1,622.47
	Profit or Loss from Discontineued Operations
	Tax Expense of Discontinuing Operations
	Profit/(Loss) from Discontinuing operations after Tax (X-XI)
	Profit/(Loss) for the period (IX+XII)	(156.46)	780.86	781.38	1,336.51	1,622.47
XIV	Other comprehensive income
	A. (i) Items that will not be reclassified to profit or loss	(1.07)	4.49	10.30	(25.24)	26.30
	(ii) Income Tax frelating to items that will not be reclassifedto profit or loss.	0.27	(0.86)	(2.59)	7.85	(7.66)
	B. (i) Items that will be reclassied to profit or Loss.
	(ii) Income Tax frelating to items that will be
	reclassifed to profit or loss.
		(0.80)	3.63	7.71	(17.39)	18.64
XV	Total comprehensive income (Comprising Profit (Loss) and	(157.26)	784.49	789.09	1,354.40	1,641.11
	Other Comprehensive Income for the period)
XVI	Earning per Equity Share:
	(1) Basic	(0.06)	0.28	0.28	0.48	0.59
	(2) Diluted	(0.06)	0.28	0.28	0.48	0.59

	Notes: 'The financial results of the company have been prepared in accordance with Ind AS proscribed under Section 133 of the Companies Act 2013
	(dhe Act) road with the relevant rules thoroundor and in terms of Regulation 38 of the SEL (Listing Obligations and DisclosureRoquicements) rogulations 2016.
	In accordance with Ind AS, the company has recognised actuarial gains or lossos on actuarial valuation of the Defined Benefit Obligation in"Other Comprehensive Income".
	"The above Unaudited Financial resulis have beon reviowod and recommencled by the Audit, Committee in their meeting hold on 13thFebruary, 2020 and approved by the Board of Directors at their mooting hold on 18th February, 2020.
	'The company is operating in a single sogmont.,Honee Segment reporting is not applicable
	33 of SEI b	LODR Rogutations, 2015,Thi 1s Slulement is is.ns as por por Rogulatic RegulationThe company is covered under sec 185 of Companies Act-2013, the expenditure on Corporate Social Responsibility activity spent during the
	Quarter onded 318 December' 2019 is Rs, 22.00 lacs I is reflecting under "S. No. 1V Othor Exponsos".'Tho woighted average numbor of equity shares outstanding during the poriod has boon considered! for calculating the basic and diluted
8)	ccurnings per share (not annualized) in accordance with the Ind AS.Status ofthe investors complaints ~ Pending at the beginning of quarter -0, complaints received during the quarter: 0, disposed-off during
»	tho quarter -O and ponding at. the end of the quartorPrior period lixpensos porlains to previous year accordingly provious yoar figures has been restated
	TNVESTOR COMPLAINTS
	Pending at the beginning of the quarterNoveived during the quarter
	Disposed off durine the quarterHomaining unrosolved at the end of the auarter			Wares nf
	Place: New Dethi			Vikas Gare

KSMC & ASSOCIATES Chartered Accountants

Limited Review Report on Standalone quarterly financial results of Vikas ch Limited lant to the requirement of Regulation 33 of the SEBI (LODR) Regulations, 2015 ve

Review report to the Board of Directors of Vikas Ecotech Limited

We have reviewed the accompanying statement of unaudited financial results of Vikas Ecotech Limited for the quarter ended 31% December, 2019. This statement is the responsibility, of the Company's Management and has been approved by. the Board of Directors. Our responsibility is to issue a report on these financial statements based on our review.

We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the financial statements are free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provides dess assurance than an audit, We have not performed an audit and accordingly, we do not express an audit opinion.

• Emphasis of Matters 'a. Fixed Assets and Cash in Hand are certified by the management and relied upon by us.
  • b. Closing stock, subject to physical verification, has been valued and certified by the management of the company and relied upon by us. Closing stock includes stock valuing Rs. 1.95 crores of non moving nature and Rs. 7.41 Crores of slow moving nature identified on the basis of ageing of stock for more than year. In our opinion the company should identify the obsolete stock, items and make adequate provision for impairment in value of such stock.
  • c. Balances of Sundry Debtors, Sundry Creditors including advances made to suppliers and advances received from customers have been confirmed by management of the company and relied upon by us as the balance confirmations are not received fully yet from the parties,
  • d. Debtors includes debtors amounting to Rs, 12.41-Crores which are overdue and outstanding for more than one year as on Dec 2019. In our opinion the company should make adequate provision of expected credit loss (ECL) on the basis of probability of default on these debtors,
• ¢. Debtors includes debtors amounting to Rs. 7.32 Crores which are outstanding on account of dispute with the parties. In our opinion the company should make adequate provision of expected credit loss (ECL) on the basis of probability of default on these debtors.
  • f, Significant amount of advances to suppliers/others' are subject to management view on their recoverability. Advances to suppliers includes advances of Rs. 1,57 Crores which are pending for more than one year and pending for adjustment as on Dec 2019. In our opinion, the company should identify the advances which are doubtful and make adequate provision of same.

Based on our review conducted as above and subject to possible impact of matters stated under emphasis of matters above, nothing has come to our attention that causes us to believe that the accompanying statement of unaudited financial results prepared results prepared in accordance with applicable principles laid down in the accounting standard 34 Interim Financial Reporting (IND AS 34) prescribed under Section 133 of the Companies-Act' 2013 read with relevant rules issued there under and other accounting principles generally accepted in India has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 including the manner in which it'is to be disclosed, or that it contains any material misstatement.

NIN: 205)5732AAAAAS1560 PlacésNew# Delhi Date: 13.02.2020