Outcome of Board Meeting

VIKAS ECOTECH LTD. (A NSE/ BSE Listed Company) CIN : L65999DL1984PLCO19465 Web : www.vikasecotech.com Email. : info@vikasecotech.com Tel. : +91-11-431 44444 July 1, 2026 Listing Compliance Department Listing Compliance Department National Stock Exchange of India Limited. BSE Limited. Exchange Plaza, Phirozee Jeejeebhoy Bandra-Kurla Complex, Towers, Dalal Street, Fort, Bandra (E), Mumbai 400051 Mumbai - 400 001 NSE Symbol: VIKASECO Scrip Code: 530961 Sub: Outcome of Board Meeting held on July 1, 2026 Dear Sir/Madam, Pursuant to Regulations 30 and 33 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("SEBI Listing Regulations"), we wish to inform you that the Board of Directors of the Company, at its meeting held today, i.e., July 1, 2026, has, inter alia, considered and approved the Standalone and Consolidated Audited Financial Results of the Company for the quarter and financial year ended March 31, 2026. Pursuant to Regulation 33 of the SEBI Listing Regulations, we are enclosing herewith the Standalone and Consolidated Audited Financial Results along with the Auditor's Reports issued by the Statutory Auditors thereon. The meeting of the Board of Directors commenced at 06:15 P.M. and concluded at 09:20 P.M. We request you to kindly the information on record and oblige. Thanking You, Yours Faithfully, for Vikas Ecotech Limited Rajeev Kumar Executive Director (DIN: 10271754) Regd. Office : Vikas House, 3, Arihant Nagar, Rohtak Road, Punjabi Bagh West, Delhi 110026 Factory I: G-24 To G-30 And F-7 and F-8, Vigyan Nagar, RIICO Industrial Area, Shahjahanpur, Dist. Alwar, Rajasthan - 301706 Factory II: 143, Prakash Industrial Estate, Sahibabad, Dist. Ghaziabad, Uttar Pradesh - 201005 INDEPENDENT AUDITOR’S REPORT ON STANDALONE FINANCIAL RESULTS TO THE BOARD OF DIRECTORS OF VIKAS ECOTECH LIMITED Qualified Opinion We have audited the accompanying Statement of Standalone Financial Results of VIKAS ECOTECH LIMITED (the “Company”), for the quarter and year ended March 31, 2026 (the “Statement”), being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the “Listing Regulations”). In our opinion and to the best of our information and according to the explanations given to us, except for the possible effects of the matters described in the paragraph “Basis for Qualified Opinion” section of our report, the aforesaid standalone financial results: a. are presented in accordance with the requirements of Regulation 33 and Regulation 52 of the Listing Regulations in this regard; and b. gives a true and fair view in conformity with the recognition and measurement principles laid down in the applicable Accounting Standard prescribed under Section 133 of the Companies Act 2013 (the“Act”) and other accounting principles generally accepted in India, the loss during the quarter and net profit for the year end and other comprehensive income and other financial information of the Company for the quarter and year ended March 31, 2026. Basis for Qualified Opinion 1. During the year, there were certain delays in the deposit of statutory dues by the Company. While some substantial statutory dues remained outstanding, the Company continued its business and investment activities, including investments in shares and granting of inter-corporate deposits during the year. We were not provided sufficient appropriate audit evidence with respect to business rationale of such investments and deposits and hence in view of this, we are unable to determine the impact, if any, of these matters on the accompanying standalone financial results. 2. During the year ending 31st March 2026, the Company has entered into related party transactions, inter alia, in the nature of inter-corporate deposits, acquisition of investments and other transactions with its promoter group entities, subsidiaries including step down subsidiaries and/or associates and other parties which are considered material related party transactions in accordance with the provisions of Regulation 23 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI LODR Regulations”). Such transactions are also subject to compliance with the applicable provisions of Section 188 of the Companies Act, 2013 and other applicable provisions, if any. As per the applicable provisions of the Companies Act, 2013 and Regulation 23 of the SEBI LODR Regulations, prior approval of the shareholders, wherever applicable, is required for such transactions. As represented to us, the Company is in the process of obtaining the requisite approvals for the aforesaid transactions, which had not been obtained up to the date of approval of these standalone financial results. Accordingly, we are unable to determine the impact, if any, of the above matter, including the consequential implications arising from non-compliance with the applicable regulatory requirements, if any, on the accompanying standalone financial results. 3. As at 31 March 2026, the Company has disclosed a loan outstanding of ₹18.50 crore in its books of account. However, we were unable to obtain sufficient appropriate audit evidence regarding the recoverability of the said loan, including external balance confirmation from the borrower, the latest audited financial statements of the borrower, and management's assessment of the recoverability of the loan along with the basis for recognition of any impairment loss, if required, under the applicable Indian Accounting Standards. Accordingly, we were unable to determine whether any adjustment to the carrying amount of the loan and corresponding impairment provision, if any, was necessary. Consequently, the possible effects of this matter on the standalone financial results could not be determined. 4. In the earlier years, the Company entered into a Memorandum of Understanding (MoU) with M/s BG Technocrats Private Limited in relation to the Company’s investment of ₹132.50 crore. During the current year, the said MoU was mutually cancelled as the proposed fund infusion could not be completed within the agreed timeline. Consequently, the Company received back ₹47.00 crore during the year against the aforesaid investment and recognized a receivable of ₹85.50 crore as at the balance Sheet date. However, we were unable to obtain sufficient appropriate audit evidence regarding the cancellation of the investment and recoverability of the receivable, including a duly executed cancellation/termination agreement, adequate correspondence evidencing the cancellation of the transaction, independent balance confirmation from the counterparty confirming the settlement terms and outstanding balance, and the latest audited financial statements of the counterparty. Subsequent to the Balance Sheet date and before the date of signing of these standalone financial results, the Company has received a further amount of ₹42.97 crore, leaving a balance receivable of ₹42.53 crore. However, in the absence of the aforesaid audit evidence, we are unable to determine whether any adjustment to the carrying amount of the receivable was necessary and the consequential impact, if any, on the accompanying standalone financial results. 5. The Company has entered into a Memorandum of Understanding dated January 30, 2026 with Silverline Furnishing and Furnitures Private Limited for the development of a real estate project and has committed to contribute ₹100.00 crore towards the project. As at March 31, 2026, the Company has advanced ₹55.50 crore to the developer. The commencement of the project is subject to obtaining the requisite statutory approvals and fulfilment of other contractual conditions. While the management has represented that the proposed investment is intended to diversify the Company's business and create long-term value, we [Showing first 8,000 characters — download PDF for full document]