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- Important
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Vikas Ecotech Ltd. has announced a board meeting on the consolidated financial results for the quarter and half-year, reporting revenue of ₹377.67 Cr and a net profit of ₹16.98 Cr for the year, almost double last year’s. An exceptional income of ₹12.87 Cr from an insurance claim boosted earnings. The company reversed its Shamli Steels acquisition due to irregularities and plans a capital reduction by cancelling 38 crore shares, subject to approvals. New auditors appointed include Jha Gunjan & Associates (Internal), JSN & Co. (Cost), and Avinash K & Co. (Secretarial) for FY 2025-26.