VIKAS LIFECARE LIMITED — Capital/Financing Update 2021

Feb 6, 2021

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February 6, 2021

Listing Department National Stock Exchange of Indi a Limited Exchange Plaza Bandra-Kurla Complex, Bandra (E), Mumbai 400 051

NSE Symbol: VIKASMCORP

Deptt of Corporate Services BSE Limited Phirozee Jeejeebhoy To w ers, Dalal Street, Fort, Mumbai 400 001

Scrip Code: 542655

Sub: Outcome of Board Meeting

Dear Sir/Madam,

In terms of Regulation 30 of th e SEBI (Listing Obligations and Disclosure Requir e ments) Regulations, 2015, we wish to inform you t hat the Board of Directors of the Company a t their meeting held today i.e February 6, 2021, ha d inter-alia approved the following:

• i. raising of funds by

  • a) issuance and all o tment of equity shares for up to an aggregate amount of up to Rs. 50 Crores (Rupe e s Fifty Crores), by way of a rights issue and

  • b) additionally by way issuance of securities, convertible instruments, FCCB, QIP/preferentia l allotment etc. in one or more trenches, upto R s. 50 Crores (Rupees Fifty Crores), a n d

  • c) constituted a B o ard Committee for finalising the terms of the r ight issue and other fund raising issues, from time to time, in accordance with appl i cable law, including Companies Act, 2013 and the rules made thereunder and the Securities and Exchange Board of India (Issue of Capital and Disclosure Requir e ments) Regulations, 2018, as amend e d up to date;

• ii. approved increase in A u thorized Share Capital of the Company to Rs. 100 Crores (Rupees Hundred Crores) and c onsequent alteration in ‘Capital Clause’ of t he Memorandum of Association, and

• iii. seek member’s appro v al for all these proposals, by means of p a ssing the requisite resolutions, through po s tal ballot.

The above information is also a v ailable on the Company's website at www.vikasmulticorp.com.

The meeting of the Board of Dir e ctors commenced at 11:30 A.M and concluded a t 4:00 P.M.

You are requested to take the i n formation on record and oblige.

Yours Faithfully, for Vikas Multicorp Limited

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Ujjwal Verma Company Secretary and Compliance Officer

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