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11 Apr 2026
Vikas Lifecare Limited's Board of Directors concluded their meeting on April 11, 2026, with significant approvals for fund raising and capital restructuring initiatives. The board, which convened at the company's registered office, approved multiple strategic proposals aimed at supporting the company's growth plans and business expansion.
Fund Raising Approval and Strategic Decisions
The board approved fund raising of up to Rs. 200 crores through preferential issuance of warrants and equity shares. This fund raising will be conducted in one or more tranches under Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The board has authorized a Fund Raising Committee to handle the implementation, including finalization of allottees and determination of issue price according to applicable SEBI pricing formulas.
Board Decisions: Details Fund Raising Amount: Rs. 200 Crores Method: Preferential Issue of Warrants/Equity Shares Tranches: One or More Committee: Fund Raising Committee Authorized Meeting Duration: 11:00 A.M. to 12:10 P.M.
Authorized Share Capital Enhancement
To accommodate the increased issued capital from the fund raising initiative, the board approved an increase in the company's authorized share capital to Rs. 300 crores. This enhancement will consist of equity shares with a face value of Re. 1 each, requiring consequent amendments to the Capital Clause of the Memorandum of Association.
Articles of Association Amendments
The board approved significant alterations to the Articles of Association by inserting a "Further Issue of Capital" clause. These amendments align the company's constitutional documents with fund raising proposals and ensure compliance with relevant provisions of the Companies Act, 2013. The new clauses establish procedures for offering shares to existing shareholders, employees under stock option schemes, and other persons through special resolutions.
Capital Structure Changes: Specifications New Authorized Capital: Rs. 300 Crores Share Face Value: Re. 1 Each Constitutional Changes: MOA and AOA Amendments Compliance Framework: Companies Act, 2013
Regulatory Compliance and Next Steps
The company has fulfilled its obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, by notifying both National Stock Exchange of India Limited and BSE Limited about the board meeting outcomes. Additional disclosures will be made upon finalization of all relevant details regarding the fund raising process. The board has also approved seeking members' approval through postal ballot for the proposed changes, including e-voting facilities and appointment of scrutineer.
Vikas Lifecare Limited has submitted its quarterly compliance certificate under SEBI regulations for the quarter ended March 31, 2026. The certificate was filed with both the National Stock Exchange of India Limited and BSE Limited on April 06, 2026, as part of the company's regulatory compliance obligations.
Regulatory Compliance Certificate
The certificate was issued under Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018. Managing Director Sundeep Kumar Dhawan (DIN: 09508137) signed the compliance document on behalf of the company.
Parameter: Details Quarter Ended: March 31, 2026 Filing Date: April 06, 2026 Regulation: SEBI (Depositories and Participants) Regulations, 2018 - Section 74(5) Signatory: Sundeep Kumar Dhawan, Managing Director
Registrar Confirmation
Bigshare Services Pvt Ltd, serving as the company's registrar and transfer agent, provided confirmation regarding dematerialization activities during the quarter. The registrar confirmed that no dematerialization requests were received from shareholders during the period from January 01, 2026 to March 31, 2026.
Activity Period: Details Review Period: January 01, 2026 to March 31, 2026 Dematerialization Requests: None received Registrar: Bigshare Services Pvt Ltd SEBI Registration: INR000001385
Company Information
Vikas Lifecare Limited operates as a listed entity on both NSE and BSE with the symbol VIKASLIFE and scrip code 542655 respectively. The company maintains its registered office at Vikas House, 3, Arihant Nagar, Punjabi Bagh West, New Delhi, and operates manufacturing facilities in Rajasthan and Karnataka.
The submission of this quarterly certificate demonstrates the company's adherence to SEBI's regulatory framework for depositories and participants, ensuring transparency in securities transactions and maintaining compliance with stock exchange listing requirements.
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