Recycling firm Vikas Ecotech plans to raise Rs 100 cr via QIP issue route

Recycling company Vikas Ecotech on Wednesday said it plans to raise Rs 100 crore through qualified institutional placement (QIP) route. The proceeds from the QIP issue, which opened on May 31, will be utilised to expand its business and fund working capital requirement, the company said in a statement. A proposal in this regard was approved by the board of the company at its meeting recently, it said. The board has approved the first tranche of QIP not exceeding Rs 50 crore and the remaining amount of Rs 50 crore through second/subsequent tranches, the statement said. Vikas Ecotech is expanding its business portfolio by manufacturing steel pipes and MDPE (medium-density polyethene) pipes. Last month, the company forayed into the real estate sector for development of commercial and residential projects in Gurugram, Haryana. The city-based company is engaged in the business of specialty polymers for applications in sectors like electrical, infrastructure, packaging, and automotive,
07-06-2023

Penny stock Vikas Ecotech surges 4% as Board to raise funds via QIP issue

Vikas Ecotech rallies 4% today after it plans to raise funds via QIP issue.
01-06-2023
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Vikas EcoTech Ltd - 530961 - Compliances-Reg.24(A)-Annual Secretarial Compliance

Annual secretarial Compliance Report for the year ended March 31,2023 as per Regulation 24A of SEBI (Listing Obligation And Disclosure Requirements) Regulation, 2015 ('Listing Regulation')
30-05-2023
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Vikas EcoTech Ltd - 530961 - Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Advertisement of Audited Financial Results of the Company for the financial year ended March 31, 2023
15-05-2023

Specialty Chemical stock Vikas Ecotech's FY23 profit rises over 500% to 9.5 Cr

Vikas Ecotech has announced the quarterly results for the January-March period of FY23.
14-05-2023
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Vikas EcoTech Ltd - 530961 - Compliance Pursuant To Regulation 23(9) Of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015

Compliance pursuant to Regulation 23(9) of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015
13-05-2023
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Vikas EcoTech Ltd - 530961 - Appointment Of Executive Director & CEO Of The Company

Appointment of Executive Director & CEO of the Company
13-05-2023
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