Vikas WSP Ltd has been availing credit facilities in a consortium of banks i.e. Punjab National Bank (NPA Amount Rs.24.84 Crore), Union Bank of India (NPA Amount Rs.46.57 Crore) and Bank of India (NPA Amount Rs.49.71 Crore).
The company has paid a sum of Rs.19.76 Crore on 31st December, 2019 to Punjab National Bank leaving behind an unpaid amount of Rs.5.09 Crore only and the company has informed PNB that the pending amount to the tune of Rs.5.09 Crore along with accrued interest whatsoever, would be paid by 31.03.2020. Similarly, the company has submitted its proposals for acceptance of one time settlement (OTS) to Union Bank of India and Bank of India and asked them to furnish their terms for payment of the entire NPA dues.
Once these NPA dues are paid, your company would be debt free as said earlier.
Shares of VIKAS WSP LTD. was last trading in BSE at Rs.8.82 as compared to the previous close of Rs. 9.25. The total number of shares traded during the day was 262187 in over 288 trades.
The stock hit an intraday high of Rs. 9.31 and intraday low of 8.68. The net turnover during the day was Rs. 2319317.