Vikas EcoTech Limited — Board Meeting, 29-05-2025: Outcome of Board Meeting

Vikas Ecotech has announced a board meeting on approving consolidated financial results for the quarter and year, reporting revenue of ₹377.67 Cr and net profit of ₹16.98 Cr for FY25, marking a strong 2.5x YoY jump in profit. The company reversed its acquisition of Shamli Steels due to serious irregularities, canceling 38.03 Cr shares issued in the deal, reflecting a capital reduction. It also recorded a ₹12.86 Cr insurance claim as an exceptional item from fire damage. New auditors appointed for FY26 include Jha Gunjan & Associates (Internal), JSN & Co. (Cost), and Avinash K & Co. (Secretarial).