VIKAS LIFECARE LIMITED — Capital/Financing Update 2021

Oct 26, 2021

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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	Details
1.	Type of securities proposed to be issued		Partly paid-up Equity Shares (“Rights Equity Shares”)
2.	Type of Issuance		Rights Issue ofpartly paid-upEquityShares
3.	Total number of securities proposed to be issued		Up to 17,69,32,132 Equity Shares of face value of Re. 1/- each
4.	Issue Price		Rs. 2.80/- per Equity Share Rs. 1.10/- per Equity Share to be paid on application and remaining Rs. 1.70/- per Equity Share on call
5.	Record Date		Monday, November 1, 2021for the purpose of determining the equity shareholders entitled to receive the rights entitlement in the Rights Issue (“Eligible EquityShareholders”)
6.	Right Issue Period			Wednesday, November 10, 2021 Thursday November 18, 2021 Wednesday, November 24, 2021
			Rights Issue Opening Date	Wednesday, November 10, 2021
			Last date forOn Market Renunciationof Rights Entitlement*	Thursday November 18, 2021
			Rights Issue Closing Date**	Wednesday, November 24, 2021

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		Eligible Equity Shareholders are requested to ensure that_ renunciation through off-market transfer is completed in such a manner that the Rights Entitlements are credited to the demat account of the Renouncees on or prior to the Issue Closing Date. _*Our Board or a duly authorized Right Issue committee thereof will have the right to extend the Issue period as it may determine from time to time, provided that this Issue will not remain open in excess of 30 days from the Issue Opening Date (inclusive of the Issue Opening Date). Further, no withdrawal of Application shall be permitted by any Applicant after the Issue Closing Date.	Eligible Equity Shareholders are requested to ensure that_ renunciation through off-market transfer is completed in such a manner that the Rights Entitlements are credited to the demat account of the Renouncees on or prior to the Issue Closing Date. _*Our Board or a duly authorized Right Issue committee thereof will have the right to extend the Issue period as it may determine from time to time, provided that this Issue will not remain open in excess of 30 days from the Issue Opening Date (inclusive of the Issue Opening Date). Further, no withdrawal of Application shall be permitted by any Applicant after the Issue Closing Date.	Eligible Equity Shareholders are requested to ensure that_ renunciation through off-market transfer is completed in such a manner that the Rights Entitlements are credited to the demat account of the Renouncees on or prior to the Issue Closing Date. _*Our Board or a duly authorized Right Issue committee thereof will have the right to extend the Issue period as it may determine from time to time, provided that this Issue will not remain open in excess of 30 days from the Issue Opening Date (inclusive of the Issue Opening Date). Further, no withdrawal of Application shall be permitted by any Applicant after the Issue Closing Date.
7.	Rights Entitlement Ratio	4 Equity Shares for every 21 Equity Shares held by the Eligible Equity Shareholders in the Company as on the record date with the right to renounce.
8.	Outstanding Equity Shares prior to the Rights Issue	92,88,93,693 Equity shares of Re. 1/- each.
9.	Outstanding Equity Shares post Right Issue(assumingfull subscription)	1,10,58,25,825 Equity 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 Digitally signed by MONIKA SONI SONI Monika Soni Company Secretary

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