Vikas WSP has paid a sum of Rs 19.76 crore on December 31, 2019 to Punjab National Bank (PNB) leaving behind an unpaid amount of Rs 5.09 crore only and the company has informed PNB that the pending amount to the tune of Rs 5.09 crore along with accrued interest whatsoever, would be paid by March 31, 2020. Similarly, the company has submitted its proposals for acceptance of one time settlement (OTS) to Union Bank of India and Bank of India and asked them to furnish their terms for payment of the entire NPA dues.
The company has been availing credit facilities in a consortium of banks i.e. Punjab National Bank (NPA worth Rs 24.84 crore), Union Bank of India (NPA worth Rs 46.57 crore) and Bank of India (NPA worth Rs 49.71 crore).
Vikas WSP is one of India's foremost guar gum powder (GGP) manufacturer, supplying to all sectors of the food industry with an extensive range of quality products.
| Company Name | CMP |
|---|---|
| BASF India | 3703.10 |
| Tata Chemicals | 709.05 |
| SRF | 2493.65 |
| Pidilite Inds. | 1393.25 |
| Deepak Nitrite | 1538.00 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: