Shares of Vikas Ecotech have been rallying since Wednesday morning’s deal. Small-cap penny stocks open upside down and move to intraday highs 3.43 each on the NSE, logging close to 4.50 per cent from its Tuesday close 3.28 each. Incidentally, after the company informed the Indian stock market exchanges about the company’s internal research and development (R&D) accreditation from the Department of Scientific and Industrial Research (DSIR) under the Ministry of Science and Technology, small-cap stocks gained sharply. has bounced. This DSIR recognizes and benchmarks the company’s R&D capabilities at an international level.
Vikas Ecotech Ltd informs Indian Share Market Quoting exchanges regarding DSIR accreditation, “Vikas Ecotech Ltd. is pleased to share the update from R&D Division that the company has been recognized as DSIR under “Department of Scientific and Industrial Research”, Ministry of Science and Technology, Government of India. of India. It is a matter of pride to have DSIR’s in-house accreditation as it benchmarks and acknowledges the company’s R&D capabilities at an international level.”
On how this DSIR accreditation is going to help this small-cap company, the company quoted its exchange communication saying, “The DSIR accreditation will help the company to have an ‘in-house R&D centre’ status Which will help related to international trade. Zero customs duty (100% exemption) for R&D, reduction in GST rate of 5% for R&D purchases and finance for R&D purpose from various government departments and agencies. To get nutrition. This recognition will also help the company in case the product is produced. The R&D unit has a patent in India and is from another country (USA, China or EU), the product for a period of three years Can be sold without any tax or duty.”
Vikas Ecotech advertised that the DSIR accreditation would help the small-cap company in the Indian and international market and the company’s business to be able to offer niche products manufactured on the basis of in-house technologies as well as innovate through additional production. will reach heights. Revenue from sales and/or royalty fees from sales and/or the use of these technologies.
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