Vikas EcoTech Limited has announced receiving a favorable SEBI Adjudication Order that clears the company's promoter and associated entities of any adverse findings or penalties. The order, dated December 19, 2025, marks the conclusion of regulatory proceedings that began earlier that year.

SEBI Order Details

The company received SEBI Adjudication Order No. Order/AK/GN/2025-26/31848-31890 dated December 19, 2025, which provides complete clarity on the regulatory matter. The following table summarizes the key aspects of the order:

The order conclusively clarifies that the proceedings did not result in any action against the individuals or entities concerned. This reaffirms the factual position in the matter and provides definitive closure to the regulatory process.

Background of Proceedings

The SEBI adjudication order stems from earlier proceedings related to a Show Cause Notice (SCN) dated February 13, 2025, which the company had communicated through its announcement on February 17, 2025. The matter pertained to certain trading transactions in equity shares of another BSE-listed company.

The key aspects of the original proceedings include:

• Trading transactions undertaken by the company's promoter in personal capacity
• Involvement of certain family members and associated entities
• All parties were named as noticees in the SEBI proceedings
• The company itself was not a noticee in the regulatory proceedings

Impact Assessment

Vikas EcoTech has clarified that there is no impact on the company's financial, operational, or other activities as a result of these proceedings. The following impact assessment was provided:

Warning Against Misleading Communications

The company has issued a strong warning to stakeholders regarding unauthorized communications circulating about the matter. Vikas EcoTech stated that certain persons, apparently acting with malafide intent, have circulated unauthorized and misleading communications regarding the SCN.

These misleading communications:

• Falsely suggested that the company was under scrutiny
• Ignored the factual outcome of the proceedings
• Appeared aimed at damaging reputation and misleading investors
• Attempted to influence public perception negatively

The company strongly urged stakeholders to disregard any unverified or unauthorized communications and rely solely on official disclosures for accurate information. The SEBI adjudication order dated December 19, 2025 decisively exposes the baselessness of such narratives.

Regulatory Compliance

The disclosure has been made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with the SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The company has provided all requisite details as required under the regulatory framework and requested stakeholders to take the information on record.

Vikas Ecotech Limited, a New Delhi-based specialty polymers and chemicals manufacturer, has made significant strides in its debt reduction program, announcing a repayment of Rs 73.00 million in bank debt. This move is part of the company's broader strategy to strengthen its financial position and improve its balance sheet.

Debt Reduction Progress

The company has successfully reduced its total bank debt to Rs 718.00 million, marking a substantial decrease from previous levels. The overall debt reduction has reached Rs 982.00 million, down from a peak level of Rs 1,700.00 million. This represents a significant improvement in the company's financial health and demonstrates management's commitment to deleveraging.

Future Debt Reduction Plans

Vikas Ecotech has outlined an ambitious plan to further reduce its debt burden:

• By June 30, 2023, the company aims to repay an additional Rs 170.00 million.
• This repayment would bring the total debt levels down to approximately Rs 548.00 million.
• The management has set an aggressive target to become completely debt-free within the fiscal year 2023-24.

Company Profile

Vikas Ecotech Limited is a specialty polymers and chemicals manufacturer based in New Delhi. The company serves various industries, including:

• Agriculture
• Infrastructure
• Packaging
• Automotive sectors

By focusing on debt reduction, Vikas Ecotech is positioning itself for improved financial flexibility and potentially stronger growth opportunities in its target markets.

Financial Implications

The company's debt reduction efforts are likely to have several positive implications:

1. Reduced interest expenses, potentially leading to improved profitability
2. Enhanced financial flexibility for future investments or expansion
3. Improved creditworthiness and potential for better financing terms in the future
4. Increased shareholder value through a stronger balance sheet

As Vikas Ecotech continues to execute its debt reduction strategy, investors and industry observers will be watching closely to see how this financial restructuring impacts the company's overall performance and market position in the specialty polymers and chemicals sector.