VIKAS LIFECARE LIMITED — Capital/Financing Update 2021

Oct 26, 2021

October 26, 2021

Listing Compliance Department National Stock Exchange of India Limited. Exchange Plaza, Bandra-Kurla Complex, Bandra (E), Mumbai 400051 Fax: 022-26598235/36

NSE Symbol: VIKASLIFE

Listing Compliance Department BSE Limited. Phirozee Jeejeebhoy Towers, Dalal Street, Fort, Mumbai - 400 001

Scrip Code: 542655

Sub: Intimation under Regulation 30 and 42 of the SEBI (LODR) Regulations, 2015, as amended ("SEBI Listing Regulations") and outcome of the meeting of the Board of Directors of Vikas Lifecare Limited (the "Company")

Dear Sir/ Madam,

This is further to our intimation on the outcome of the meeting of the Board of Directors of the Company ("Board") dated August 25, 2021, where the issue of equity shares of the Company was approved by way of a rights issue for up to an aggregate amount of up to Rs. 50 Crore (Rupees Fifty Crore) ("Rights Issue"), in accordance with the Companies Act, 2013 and the rules made thereunder, the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended and other applicable laws and our prior intimation dated October 21, 2021 for this Board Meeting .

Pursuant to the above, we wish to inform that the Board of Directors at its meeting held today, October 26, 2021 have, inter alia, considered and approved the following terms of the Rights Issue:

Sl.No.	Particulars	Details
1.	Type of securities proposed to be	Partlypaid-upEquity	Shares("RightsEquity
	issued	Shares")
2.	Type of Issuance	Rights Issue of partlypaid-up Equity Shares
3.	Total number of securities proposed	Up to 17,69,32,132Equity Shares of face value of
	to be issued	Re. 1/-each
4.	Issue Price	Rs. 2.80/-per Equity Share
		Rs. 1.10/-per EquityShare to be paid on
		application and remaining Rs. 1.70/-per Equity
		Share oncall
5.	Record Date	Monday, November 1,2021for the purpose ofdetermining the equity shareholders entitled toreceive the rights entitlement in the Rights Issue("Eligible Equity Shareholders")
6.	Right Issue Period	Rights Issue	Wednesday,
		Opening Date	November 10, 2021
		Last date for On MarketRenunciationof RightsEntitlement*	ThursdayNovember 18, 2021
		Rights Issue	Wednesday,
		Closing Date**	November 24, 2021

		*Eligible Equity Shareholders are requested to ensure thatrenunciation through off-market transfer is completed insuch a manner that the Rights Entitlements are creditedto the demat account of the Renouncees on or prior to theIssue Closing Date.
		**Our Board or a duly authorized Right Issue committeethereof will have the right to extend the Issue period as itmay determine from time to time, provided that this Issuewill not remain open in excess of 30 days from the IssueOpening Date (inclusive of the Issue Opening Date).Further, no withdrawal of Application shall be permittedby any Applicant after the Issue Closing Date.
7.	Rights Entitlement Ratio	4Equity Shares for every 21Equity Shares heldbythe Eligible Equity Shareholders in the Company ason the record date with theright to renounce.
8.	Outstanding Equity Shares prior tothe Rights Issue	92,88,93,693 Equity shares of Re. 1/-each.
9.	Outstanding Equity Shares post RightIssue (assuming full subscription)	1,10,58,25,825Equity shares of Re. 1/-each.
10.	Terms of payment	On application:
		Rs. 1.10/-per Rights Equity Share (including
		premium of Re. 0.70/-per Rights Equity Share)
		On Call:
		Rs. 1.70/-per Rights Equity Share (including
		premium of Re. 1.10/-per Rights Equity Share)
11.	Application Money and Call	Time	Rs.	%
		On application	1.10	40
		On call	1.70	60
12.	Other Terms of the Issue	To be included in the letter of offer to be filed by
		the Company.

The detailed terms of the Rights Issue including the procedure for applying in the Rights Issue and fractional entitlements will be specified in the Letter of Offer which will be filed by the Company with BSE Limited ("BSE") and National Stock Exchange of India Limited ("NSE") and with Securities and Exchange Board of India ("SEBI") for record purpose only.

This intimation is issued in terms of Regulation 30 and 42 of the SEBI Listing Regulations.

The meeting was commenced at 2:30 P.M and concluded at 04:20 P.M

You are requested to take the information on record and oblige.

Thanking you,

Yours Faithfully,

for Vikas Lifecare Limited (formerly Vikas Multicorp Limited)

MONIKA SONI Digitally signed by MONIKA SONI

Monika Soni Company Secretary