Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015
NSE Symbol: VIKASECO
Event Details
The disclosure is in continuation of the Company's earlier disclosures dated April 19, 2025 and June 23, 2026 regarding proceedings initiated by the Directorate of Enforcement under the Prevention of Money Laundering Act, 2002.
The proceedings relate to examination of transactions involving certain foreign entities/SEBI-registered Foreign Portfolio Investors (FPIs) and their investments in various listed companies.
Specific Development
On July 14, 2026, one of the Company's Promoters, Mr. Vikas Garg, was taken into custody by the Directorate of Enforcement under the applicable provisions of the Prevention of Money Laundering Act, 2002.
Company Response and Assessment
The Company is evaluating this development in consultation with its legal advisors and shall take such steps as may be considered appropriate in accordance with applicable law.
Operational Impact Assessment
The Company states that this development has no material impact on the Company's business operations, which continue in the ordinary course.
Regulatory Compliance Details
The disclosure includes Annexure 1 as required under Regulation 30 of SEBI (LODR) Regulations, 2015 read with SEBI Master Circular HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated January 30, 2026.
Annexure 1 Details
- Nature of arrest/custody: Continuation of earlier disclosures regarding ED proceedings under PMLA involving examination of foreign entities/FPI transactions and investments
- Estimated impact on listed entity: No material impact on business operations; operations continue in ordinary course
- Time of occurrence: July 14, 2026
- Person(s) involved: Mr. Vikas Garg
- Estimated amount involved: Not ascertainable
- Reported to authorities: Not Applicable