In terms of Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, Vikas Ecotech has informed that the Company has paid back another Rs 50 million Approx., taking the total amount of bank-debt down to Rs 600 million Approx and the overall bank-debt reduction of Rs 1012 million till date from the peak. It may further be noted that post the current Repayment, the Company intends to payback additional Rs 100 million before the close of this quarter, bringing down the debt levels to Rs 500 million Approx., paving the way towards becoming a 'ZERO Debt Company' within F.Y.2023-24. The Company has set a goal for becoming a 100% Debt Free entity within FY 2023-2024 under Debt Reduction Program, on persistence and support extended by the promoters of the Company.
The above information is a part of company’s filings submitted to BSE.
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