Vikas EcoTech promoter taken into ED custody under PMLA
VIKASECO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Vikas EcoTech promoter Mr. Vikas Garg was taken into custody by the Enforcement Directorate on July 14, 2026 under the Prevention of Money Laundering Act, 2002. The case relates to examination of transactions involving certain FPIs and their investments in listed companies. This is a continuation of disclosures from April 2025 and June 2026. The company says there is no material impact on business and operations continue normally. Amount involved is not yet ascertainable.
Promoter custody under PMLA is a negative governance signal. Company says operations are unaffected, but expect stock volatility and further updates.