Vikas EcoTech Promoter Vikas Garg Taken Into Custody by ED

Vikas EcoTech Ltd has disclosed a significant development wherein one of its Promoters, Mr. Vikas Garg, has been taken into custody by the Directorate of Enforcement (ED) under the Prevention of Money Laundering Act, 2002. This follows earlier disclosures regarding proceedings initiated by the ED concerning transactions involving foreign entities and SEBI-registered Foreign Portfolio Investors (FPIs). The company is consulting legal advisors to assess the situation and determine appropriate actions. Vikas EcoTech emphasizes that this development has no material impact on its ongoing business operations, which continue as usual. Further disclosures will be made as required by law.