Vikas EcoTech Limited — Board Meeting, 01-01-2025: Outcome of Board Meeting

Vikas Ecotech Ltd. has announced a board meeting outcome featuring several significant decisions. The board has approved raising funds up to ₹200 crore through various means, including equity shares. Authorized capital will increase from ₹200 crore to ₹235 crore, necessitating an amendment to the Memorandum of Association. The board has also restructured to enhance governance, appointing Dr. Ravi Kumar Gupta as Chairman and Dr. Dinesh Bhardwaj as Executive Director while approving other key appointments. Notably, Dr. Vikas Garg and Dr. Gyan Prakash Govil have stepped down from their roles as Managing Director and Chairman, respectively, effective December 31, 2024.