Vikas Lifecare Limited has informed the Exchange regarding Outcome of Board Meeting held on April 11, 2026.
VIKASLIFE · price
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Vikas Lifecare Limited's board has approved fund raising of up to Rs. 200 Crores through issuance of warrants and/or equity shares on a preferential basis, in one or more tranches. The company also approved increasing its Authorized Share Capital to Rs. 300 Crores consisting of equity shares with Re.1/- face value each. The Articles of Association will be altered to include a 'Further Issue of Capital' clause, aligning it with proposed fund raising activities. The company will seek shareholder approval through a postal ballot for these proposals. The board meeting lasted about 70 minutes.
This preferential issue will dilute existing shareholders' stake. The Rs. 200 Crores fund raise is intended to support the company's growth plans and business strategy, but will increase the outstanding share count. Shareholders should expect voting on these proposals via postal ballot.