VIKAS LIFECARE LIMITED — Capital/Financing Update 2021

Dec 13, 2021

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December 13, 2021

Listing Compliance Department Listing Compliance Department National Stock Exchange of India Limited BSE Limited Exchange Plaza, Bandra-Kurla Phirozee Jeejeebhoy Towers, Complex, Bandra (E), Dalal Street, Fort, Mumbai 400051 Mumbai - 400 001 NSE Symbol: VIKASLIFE Scrip Code: 542655

Ref : Disclosure under Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015

Sub : Updates on Right Issue and other Business Developments

Dear Sir/Madam,

In terms of Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 we would like to submit updates on Company’s recently concluded Right Issue and other Business Developments, as per the following details:

Right Issue:

The Company has received proceeds of recently concluded Right Issue, wherein partly paid 17,69,32,132 Equity Shares of Re. 1/- each (Re. 0.40/- partly paid up) allotted on Rights basis to the eligible shareholders, in its Bank Account. The Company is in the process of deploying these fund as per the objects of the Right Issue.

These partly paid shares are listed with BSE and NSE both, trading commencing on Monday, December 13, 2021 with following Scrip Codes

BSE Scrip Code: 890160

NSE Symbol: VLIFEPP

Business Updates:

• Supplies of Piping Systems to Jal Jeewan Mission achieved a milestone while it crossed Rs. 150 Million in sales in the first six months since the business was started in June’2021 and business activities/customer response is on the track to comfortably exceed this year targeted sales of Rs. 500 Million for this segment.

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• In Agro Products business segment, the Company is getting overwhelming response, receiving regular orders, the company has bagged export orders aggregating Rs. 120 Million of Premium Rice. The company will be expanding its Export Customer base with adding newer target countries and detailed market research will be taken up during January – March 2022 to have a plan in place for scaling up Exports with a target of Rs. 300 Million during the next Financial year.

• In line with the pre-defined non-core assets monetization program, so far the company has recently signed up definite arrangement to sale assets amounting Rs. 109 Million, expected to be concluded on December 31, 2021.The funds raised from the sales of these Non Business assets will be allocated to various business expansions.

For Vikas Lifecare Limited

(Formerly known as Vikas Multicorp Limited)

Monika Soni Company Secretary M. No: A65141