VIKAS LIFECARE LIMITED — M&A Activity 2024

Jul 27, 2024

Vikas Lifecare Limited

( A NSE / BSE Listed Company ) CIN : L25111DL1995PLC073719 Web : www.vikaslifecarelimited.com Email : info@vikaslifecarelimited.com Tel. : +91-11-40450110

July 27, 2024

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: Media Release:

Vikas Lifecare Limited is pleased to share the updates on the status of the acquisition process of Ebix Inc., wherein an amount of USD 14 Million (INR 117 Crores Approx) has been remitted by the Consortium on 26[th] July 2024; making it a total of USD 35.75 Million (INR 299 Crores Approx) paid till date. Further USD 6.60 Million (INR 55 Crores Approx) and (+) USD 14 Million (INR 117 Crores Approx) will also be paid within July 2024 and the balance final payment will be made within August 2024.

Dear Sir/ Madam,

Pursuant to Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, please find enclosed herewith copy of Media Release titled “ Vikas Lifecare Limited is pleased to share the updates on the status of the acquisition process of Ebix Inc., wherein an amount of USD 14 Million (INR 117 Crores Approx) has been remitted by the Consortium on 26[th] July 2024; making it a total of USD 35.75 Million (INR 299 Crores Approx) paid till date. Further USD 6.60 Million (INR 55 Crores Approx) and (+) USD 14 Million (INR 117 Crores Approx) will also be paid within July 2024 and the balance final payment will be made within August 2024.

Disclosure under Regulation 30 of SEBI Listing Regulations read with SEBI circular SEBI/HO/CFD/CFDPoD1/P/CIR/2023/123 dated July 13, 2023 is enclosed as Annexure I to this letter.

We request you to kindly take the above information on record and oblige.

Yours Faithfully, for Vikas Lifecare Limited

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Sundeep Kumar Dhawan Managing Director DIN: 09508137

Regd. Office : Vikas House, 34/1, Vikas Path, East Punjabi Bagh, New Delhi - 110026 Factory I : G-83,Vigyan Nagar,RIICO Indl. Area, Shahjahanpur, Dist. Alwar, Rajasthan – 301706 Factory II : Plot No. 193, Revenue Survey No. 93, Baikampady, Dist. Dakshina Kannada, Mangaluru, Karnataka - 575011

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Media Release:

Vikas Lifecare Limited is pleased to share the updates on the status of the acquisition process of Ebix Inc., wherein an amount of USD 14 Million (INR 117 Crores Approx) has been remitted by the Consortium on 26[th] July 2024; making it a total of USD 35.75 Million (INR 299 Crores Approx) paid till date. Further USD 6.60 Million (INR 55 Crores Approx) and (+) USD 14 Million (INR 117 Crores Approx) will also be paid within July 2024 and the balance final payment will be made within August 2024.

27[TH] July’2024, New Delhi: Vikas Lifecare Limited is pleased to share the updates on the status of the acquisition process of Ebix Inc., wherein an amount of USD 14 Million (INR 117 Crores Approx) has been remitted on by the Consortium 26[th] July 2024; making it a total of USD 35.75 Million (INR 299 Crores Approx) paid till date. Further USD 6.60 Million (INR 55 Crores Approx) and (+) USD 14 Million (INR 117 Crores Approx) will also be paid within July 2024 and the balance Final Payment will be made within August 2024.

The bid submitted by the consortium led by Eraaya Lifespaces Limited had been approved and accepted as the highest and best bid for Ebix and declared as the winner following the auction process overseen by the U.S. Bankruptcy Court at an ascribed enterprise value of USD 361 Million (INR 3,009 Crores approximately).

The acquisition will be effectuated through Ebix’s Plan of Reorganization proposed in its Chapter 11 proceedings, subject to ongoing negotiations among the consortium, Ebix, and Ebix’s creditors and other stakeholders. The U.S. Bankruptcy Court had allowed the Plan of Reorganization to be sent to creditors for voting and scheduled a hearing to consider approval of the plan.

The acquisition includes 100% of the equity in Ebix by the Consortium which includes assets and certain liabilities in the worldwide subsidiaries of Ebix.

About EBIX INC. :

EBIX INC. is a leading international supplier of On-Demand software and E-commerce services to the insurance, financial and healthcare industries, EBIX INC., (NASDAQ: EBIXQ) provides end-to- end solutions ranging from infrastructure exchanges, carrier systems, agency systems and risk compliance solutions to custom software development for all entities involved in the insurance industry.

The "Phygital” strategy at EBIX combines 320,000 physical distribution outlets in many Southeast Asian Nations (“ASEAN”) countries, to an Omni-channel online digital platform, the Company’s EbixCash Financial exchange portfolio includes domestic & international money remittance, foreign exchange (Forex), travel, pre-paid & gift cards, utility payments, lending, wealth management etc. in India and other markets.

EbixCash’s Forex operations have emerged as a leader in India’s airport Foreign Exchange business with operations in 32 international airports including Delhi, Mumbai, Bangalore, Hyderabad, Chennai and Kolkata, conducting over $4.8 billion in gross transaction value per year. EbixCash’s inward remittance business in India conducts approx. $5 billion gross annual remittance business, confirming its undisputed leadership position in India. EbixCash, through its travel portfolio of Via and Mercury, is one of Southeast Asia’s leading travel exchanges, with over 500,000 agents and approximately 18,000 registered corporate clients, combined having processed an estimated $2.5 billion in gross merchandise value per annum.

With 50+ offices across Australia, Brazil, Canada, India, New Zealand, Singapore, US and UK, Ebix powers multiple exchanges across the world in the field of life, finance, health and property & casualty insurance while conducting in excess of $100 billion in insurance premiums annually on its

platforms. Through its various SaaS-based software platforms, Ebix employs thousands of professionals from the Insurance and Financial Technology fields to provide products, support and consultancy to thousands of customers across six continents.

About Vikas Lifecare Limited :

Vikas Lifecare Limited (VLL) is an ISO 9001:2015 certified company, conventionally engaged in manufacturing and trading of Polymer and Rubber compounds and Specialty Additives for Plastics, Synthetic & Natural Rubber. Polymer & Rubber Commodity (bulk consumption) Compounds and MasterBatches (Manufacturing up- cycled compounds from industrial and post-consumer waste materials like EVA, PVC, PP, PE etc.), contributing to the Environment Protection initiatives from the Government of India and fulfilling the mandated EPR obligations for the conglomerates consuming hundreds of thousands of tons of plastic products and packaging materials.

VLL’s subsidiary M/s Genesis Gas Solutions Pvt. Ltd. (GGSPL) is engaged in the business of Smart Gas Meters being supplied to all the major Gas Distribution Companies for domestic and commercial consumers. Genesis pioneers in Smart Gas Metering and commands about 20% s h a r e i n the Domestic Gas Metering market in India. In June 2023, under a joint venture agreement between Indraprastha Gas Limited (IGL) and Genesis Gas Solutions Private Limited (GGSPL) a joint venture company IGL GENESIS TECHNOLOGIES LIMITED was incorporated which is in the process of establishing a plant for manufacturing Gas Meters based on the technology know-how from Hangzhou Beta Meters, the largest Gas Meter Producer in the world, along-with the indigenous software developed by Genesis using LORA WAN technology for the wireless connectivity for the Smart Meters. The plant will start operations in the IIND quarter of the FY 2024~25.

As a long-term business strategy, the company has most recently diversified its business interests beyond raw materials (B2B businesses) and forayed into the B2C segment with a host of consumer products including FMCG, Agro, and Infrastructure Products; paving way for an aggressive business growth with intricately planned and making continuous additions to the products & services portfolios via acquisitions, joint ventures and tie-ups.

The Company continues spreading its arms under entertainment sector with a new venture in film production. This strategic move marks Vikas Lifecare Limited's entry into the dynamic world of cinema, leveraging its expertise in creativity and innovation to deliver captivating and thoughtprovoking content to audiences worldwide.

The company's debut project, "Lioness," in collaboration with Teamo Productions HQ Limited, is a testament to VLL’s commitment to quality storytelling and cultural representation. This venture aligns with company’s vision to explore new horizons and create memorable experiences for audiences across the globe.

The Company in order to fuel the business growth, has been very open minded and is aggressively exploring various Industrial and Services Business Markets including Tourism, Hospitality and Entertainment. VLL intends establishing / acquiring businesses in these business segments thereby expanding its footprint in the country and beyond.

The securities of the Company are listed on both the Stock Exchanges, BSE (Scrip Code: 542655) and NSE (Symbol: VIKASLIFE)