Vikas Ecotech Limited announced update on the captioned subject that the company has paid back another INR 50 million approx., taking the total amount of bank-debt down to INR 600 million approx and the overall bank-debt reduction of INR 1,012 million till date from the peak. It may further be noted that post the current repayment, the company intends to payback additional INR 100 million before the close of this quarter, bringing down the debt levels to INR 500 million approx., paving the way towards becoming a 'ZERO Debt Company' within fiscal year 2023-24. The Company has set a goal for becoming a 100% Debt Free entity within fiscal year 2023-2024 under Debt Reduction Program, on persistence and support extended by the promoters of the Company.