In continuation of our earlier intimation dated April 15, 2023 and pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR) and in accordance with the requirements of Clause 16(g) of Part A of Schedule III of LODR, we would like to inform that CoC has passed Resolution “To approve and authorize the RP to file an application before the NCLT forextension of time of CIRP by a period of 90 days” as per applicable sections and provision of IBC, 201 (as amended from time to time) via e voting facility. E-voting facility was open from from April 15, 2023 at 04:00 P.M will 11:59 A.M of April 17, 2023.
In continuation of our earlier intimation, about the Ninth meeting of Committee of Creditors (CoC), pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR) and in accordance with the requirements of Clause 16(g) of Part A of Schedule III of LODR, we would like to inform you that the Ninth meeting of the Committee of Creditors of VikasProppant& Granite Limited (the Corporate Debtor) was conducted on Saturday, 15th April 2023where, inter alia, following agenda were discussed and put to vote- -To approve and authorize the RP to file an application before the NCLT forextension of time of CIRP by a period of 90 days Voting results on the agenda shall be shared in due course of time.
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations) and in accordance with the requirements of sub-clause 16(g) of Clause A of Part A of Schedule III of Listing Regulations, we wish to inform you that the Ninth Meeting of the Committee of Creditors (“CoC”) of Vikas Proppant & Granite Limited, the Corporate Debtor is scheduled on Saturday, 15th April 2023.
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR), this is to inform you that the resolution plan of Mr. Kailashchand Mittal as approved by Committee of Creditors (“CoC”) has been submitted with the Hon'ble National Company Law Tribunal, Chandigarh bench on 22th February 2023 in accordance with Section 30(6) of Insolvency and Bankruptcy Code, 2016.
Intimation of Conclusion of e-voting of Approval of Resolution Plan by the Committee of Creditors
Post-Facto intimation of the Eighth meeting of Committee of Creditors (“CoC”) of Vikas Proppant & Granite Limited, the Corporate Debtor scheduled on Wednesday, 08th February 2023
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations) and in accordance with the requirements of sub-clause 16(g) of Clause A of Part A of Schedule III of Listing Regulations, we wish to inform you that the Eighth Meeting of the Committee of Creditors (“CoC”) of Vikas Proppant & Granite Limited, the Corporate Debtor is scheduled on Wednesday, 08th February 2023.
In continuation of our earlier intimation, about the Seventh meeting of Committee of Creditors (CoC), pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR) and in accordance with the requirements of Clause 16(g) of Part A of Schedule III of LODR, we would like to inform you that the Seventh meeting of the Committee of Creditors of VikasProppant& Granite Limited, the Corporate Debtor was conducted on Monday, 23rd January 2023.
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations) and in accordance with the requirements of sub-clause 16(g) of Clause A of Part A of Schedule III of Listing Regulations, we wish to inform you that the Seventh Meeting of the Committee of Creditors (“CoC”) of Vikas Proppant & Granite Limited, the Corporate Debtor is scheduled on Monday, 23rd January 2023.
| Particulars | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 16.06 | 0.13 | 0.15 | 4.26 | 2.43 | 12.65 | 9.40 | 0.00 | 1.55 | 0.00 | 0.00 | 0.00 |
| YOY Revenue Growth % | - | -98.63% | -98.8% | -72.33% | -84.89% | 9850.12% | 6385.17% | -100% | -36.16% | -100% | -100% | - |
| Other Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Income | 16.06 | 0.13 | 0.15 | 4.26 | 2.43 | 12.65 | 9.40 | 0.00 | 1.55 | 0.00 | 0.00 | 0.00 |
| Total Expenses + | 0.67 | 0.06 | 0.05 | 1.64 | 0.18 | 8.26 | 9.39 | 0.07 | 17.26 | 0.26 | 0.03 | 0.06 |
| Cost of Materials Consumed | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 7.60 | 9.28 | 0.00 | 5.49 | 0.00 | 0.00 | 0.00 |
| Employee Benefit Expense | 0.55 | 0.03 | 0.03 | 1.57 | 0.03 | 0.04 | 0.03 | 0.03 | 0.01 | 0.02 | 0.02 | 0.02 |
| Other Expenses | 0.12 | 0.03 | 0.02 | 0.06 | 0.14 | 0.62 | 0.09 | 0.04 | 11.76 | 0.24 | 0.01 | 0.05 |
| Operating Profit | 15.38 | 0.07 | 0.10 | 2.62 | 2.25 | 4.39 | 0.01 | -0.07 | -15.72 | -0.26 | -0.03 | -0.06 |
| OPM % | 95.8% | 54.8% | 66.1% | 61.5% | 92.6% | 34.7% | 0.1% | 0% | -1015% | 0% | 0% | 0% |
| Profit Before Tax + | 15.38 | 0.07 | 0.10 | 2.62 | 2.25 | 4.39 | 0.01 | -0.07 | -15.72 | -0.26 | -0.03 | -0.06 |
| Tax Expense | 4.05 | -1.28 | 0.47 | 0.99 | 0.92 | 1.22 | 0.29 | 0.00 | -1.51 | 0.00 | 0.00 | 0.00 |
| Tax % | 26.3% | -1834.3% | 493.7% | 37.9% | 40.9% | 27.8% | 2618.3% | - | - | - | - | - |
| Profit After Tax | 11.33 | 1.35 | -0.38 | 1.63 | 1.33 | 3.17 | -0.27 | -0.07 | -14.21 | -0.26 | -0.03 | -0.06 |
| EPS (Basic) | 0.22 | 0.03 | -0.01 | 0.03 | 0.03 | 0.06 | -0.01 | 0.00 | -0.28 | -0.01 | 0.00 | 0.00 |
| Particulars | Mar 2021 | Mar 2020 | Mar 2019 |
|---|---|---|---|
| Revenue from Operations | 23.60 | 6.96 | 52.77 |
| YOY Revenue Growth % | 239.25% | -86.82% | - |
| Other Income | 0.00 | 0.00 | 0.00 |
| Total Income | 23.60 | 6.96 | 52.77 |
| Total Expenses + | 34.99 | 1.92 | 1.19 |
| Cost of Materials Consumed | 22.36 | 0.00 | 0.00 |
| Employee Benefit Expense | 0.11 | 1.67 | 0.76 |
| Other Expenses | 12.51 | 0.25 | 0.43 |
| Operating Profit | -11.39 | 5.03 | 51.58 |
| OPM % | -48.3% | 72.4% | 97.7% |
| Profit Before Exceptional | -11.39 | 5.03 | 51.58 |
| Exceptional Items | 0.00 | 0.00 | 0.00 |
| Profit Before Tax + | -11.39 | 5.03 | 51.58 |
| Tax Expense | 0.00 | 1.11 | 7.33 |
| Tax % | - | 22% | 14.2% |
| Profit After Tax | -11.39 | 3.92 | 44.25 |
| EPS (Basic) | -0.22 | 0.08 | 1.67 |
| Particulars | Mar 2021 | Mar 2020 | Mar 2019 |
|---|---|---|---|
| ASSETS | |||
| Non-Current Assets + | 192.95 | 216.66 | 216.65 |
| Property, Plant & Equipment | 159.64 | 163.73 | 163.73 |
| Capital Work in Progress | 28.42 | 47.95 | 47.95 |
| Non-Current Investments | 0.00 | 0.00 | 0.00 |
| Goodwill | 0.00 | 0.00 | 0.00 |
| Other Intangible Assets | 0.00 | 0.00 | 0.00 |
| Current Assets + | 193.11 | 184.84 | 190.07 |
| Inventories | 0.00 | 0.00 | 0.00 |
| Trade Receivables | 171.46 | 170.23 | 175.54 |
| Cash and Cash Equivalents | 0.03 | 0.03 | 0.04 |
| Current Investments | 0.00 | 0.00 | 0.00 |
| LIABILITIES & EQUITY | |||
| Total Equity | 187.64 | 198.18 | 197.78 |
| Equity Share Capital | 51.47 | 50.62 | 50.62 |
| Other Equity | 136.18 | 147.56 | 147.17 |
| Non-Current Liabilities | 1.15 | 58.41 | 65.28 |
| Current Liabilities | 200.10 | 147.74 | 146.49 |
| Total Liabilities | 201.25 | 206.15 | 211.77 |
| Particulars | Mar 2021 | Mar 2020 | Mar 2019 |
|---|---|---|---|
| Cash from Operating Activities | -15.80 | 0.00 | 0.00 |
| Cash from Investing Activities | 23.62 | 0.00 | 0.00 |
| Cash from Financing Activities | -7.83 | 0.00 | 0.00 |
| Net Increase/Decrease in Cash | 0.00 | 0.00 | 0.00 |