Vikas Lifecare Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
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 with overwhelming majority (>99%). The resolutions included: (1) Alteration of Articles of Association passed with 99.75% favor, (2) Issuance of up to 61,90,62,500 fully convertible warrants on preferential basis to promoter and non-promoter categories passed with 99.73% favor, and (3) Increase in authorized share capital passed with 99.84% favor. The scrutinizer report was submitted by Avinash K & Company. Total voting turnout was 17.32% of total shares (321.77 million votes out of 1.86 billion outstanding).
The preferential warrant issuance of approximately 62 crore warrants will cause significant share dilution when converted. Existing shareholders face potential equity dilution but the capital increase enables future fundraising. The overwhelming promoter support indicates confidence in the company's expansion plans.