The submitted board meeting notice details the resignation of M/s KSMC & Associates as statutory auditors due to mandatory rotation rules (5+5 years) and the unavailability of their engagement partner. To fill the resulting casual vacancy, the Board approved the appointment of M/s MASAR & Co., Chartered Accountants, effective August 17, 2026, pending shareholder approval.

Established in 2011, M/s MASAR & Co. is a professionally managed firm boasting over 15 years of comprehensive experience across audit, assurance, taxation, regulatory compliance, and cross-border transactions. Supported by qualified professionals, the firm follows a client-centric approach tailored to delivering efficient professional solutions.

Vikas Ecotech Limited is a New Delhi-based company specializing in specialty polymers, additives, and chemicals for plastics and rubbers, while also expanding into consumer products and infrastructure materials. Demonstrating strong business momentum in 2025, the company secured major orders, including a significant 400 metric tonnes order valued at approximately INR 28 million from Polycab India Limited for fire-retardant Aluminium Trihydrate (ATH) materials in July 2025, followed by another substantial order worth INR 34.22 million from Olectra Greentech Limited in August 2025.

The company’s shareholding pattern as of late 2025 reflects stable promoter holdings at 10.65%, led notably by key individual promoter Vikas Garg holding a 10.10% stake. Retail and public investors hold the majority share at approximately 89.35%, while institutional participation remains minimal. Financial metrics for recent quarters indicate ongoing operational scale, balancing specialty chemical expansions with dynamic market demands.