Vikas Ecotech Limited Announced that it has paid back INR 70 Million Approx., taking the total amount of bank-debt down to INR 650 Million Approx. and the overall bank-debt reduction till date from the peak to INR 62 Million. It is pertinent to add that the Company has set a goal for becoming a 100% Debt Free entity within Fiscal Year 2023-2024 under Debt Reduction Program, on persistence and support extended by the promoters of the Company.

It may please further be noted that post the current Repayment, the Company intends to payback additional INR 100 Million before the close of this quarter, bringing down the debt levels to INR 550 Million Approx., paving the way towards becoming a 'ZERO Debt Company' within F.Y.2023-24.