Outcome of Postal Ballot and Disclosure of Voting Results as per the requirements of Regulation 44 (3) and other applicable Regulations of the SEBI (Listing Obligations and Disclosure Requirements) ....
VIKASLIFE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Vikas Lifecare Limited's postal ballot concluded on May 15, 2026 with all three resolutions approved by shareholders. Key resolutions include: (1) Alteration of Articles of Association passed with 99.75% shareholder approval, (2) Issuance of up to 61.9 crore (619 million) fully convertible warrants on preferential basis to promoter and public category passed with 99.73% approval, and (3) Increase in authorized share capital with MOA amendment passed with 99.84% approval. Total voting participation was 17.32% of outstanding shares (32.18 crore votes out of 185.77 crore shares). Promoter group voted 100% in favour across all resolutions, while public shareholders also approved with overwhelming majorities of 98.5-99.1%.
The preferential warrant issuance of up to 619 million warrants could result in significant equity dilution (approximately 33%) if fully converted, impacting existing shareholders. The capital increase clears the path for future fund-raising or expansion activities. The strong promoter backing (100% support) signals confidence in the company's direction.