VIKAS LIFECARE LIMITED — M&A Activity 2024

May 29, 2024

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

May 29, 2024

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

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

NSE Symbol: VIKASLIFE

Scrip Code: 542655

Sub: Media Release: Vikas Lifecare Limited has submitted a term sheet to the Independent Directors of Ebix, Inc. ("Ebix" or "Debtors") to acquire 100% of the equity of Ebix as a member of the consortium.

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 has submitted a term sheet to the Independent Directors of Ebix, Inc. ("Ebix" or "Debtors") to acquire 100% of the equity of Ebix as a member of the consortium.”

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.

Thanking you,

Yours Faithfully, for Vikas Lifecare Limited

SUNDEEP Digitally signed by SUNDEEP KUMAR KUMAR DHAWAN DHAWAN 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 has submitted a term sheet to the Independent Directors of Ebix, Inc. ("Ebix" or "Debtors") to acquire 100% of the equity of Ebix as a member of the consortium

29th May 2024, New Delhi: Vikas Lifecare Limited ("VLL") is pleased to announce that VLL has submitted a term sheet to the Independent Directors of Ebix, Inc. ("Ebix" or "Debtors") to acquire 100% of the equity of Ebix as a member of the consortium led by Eraaya Lifespaces Limited (BSE Symbol: ERAAYA | 531035 ISIN: INE432F01024) . The proposal if accepted by the Company, would be effectuated under a Chapter 11 Plan of Reorganization ("Plan") to be negotiated between the parties and other major stakeholders. The Plan would be subject to Bankruptcy Court approval in accordance with the provisions of the United States of America Bankruptcy Code.

The Terms submitted by the consortium, has the support of the EBIX senior management led by the Ebix CEO, and they intend to work collaboratively with the Debtors' representatives to take Ebix out of Chapter 11 through the sponsored Plan.

The consortium will submit a 5% cash deposit to the Debtors upon the execution of a binding stalking horse agreement. The proposal provides for the acquisition by the consortium of 100% equity and assets in the worldwide subsidiaries of Ebix while excluding all liabilities in the North American Company, other than those liabilities which may be expressly assumed by the consortium to be identified in the stalking horse agreement.

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: EBIX) 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 Master-Batches (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% of the Domestic Gas Metering business share 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 II[ND] 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 thought-provoking 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).

Disclaimer: Certain statements, words in this document that are not historical facts are forward looking statements. Such forward looking statements are subject to certain risks and uncertainties like government actions, local, political or economic developments, technological risks and many other factors that could cause actual result to differ materially from those contemplated by these forward-looking statements. Eraaya Lifespaces Limited shall not be in any way responsible for any action taken based on such statements.

Annexure -1

Disclosure under Regulation 30 of SEBI Listing Regulations read with SEBI circular SEBI/HO/CFD/CFDPoD-1/P/CIR/2023/123 dated July 13, 2023 are as follows:

a)	Name of the target en�ty, details in brief such as size, turnover etc.;	EXIB INC., Company exis�ng under the Law of the USA. Turnover – NA
b)	Whether the acquisi�on would fall within related party transac�on(s) and whether the promoter/ promoter group/ group companies have any interest in the en�ty being acquired? If yes, nature of interest and details thereof and whether the same is done at “arm’s length”;	Not Applicable.
c)	Industry to which the en�ty being acquired belongs;	So�ware and E-commerce Industry
d)	objects and efects of acquisi�on (including but not limited to, disclosure of reasons for acquisi�on of target en�ty, if its business is outside the main line of business of the listed en�ty);	The acquisi�on will make way for the company to explore new exci�ng opportuni�es in the On- Demand so�ware and E-commerce services to the insurance, fnancial and healthcare industries, entertainment and event organising industry.
e)	Brief details of any governmental or regulatory approvals required for the acquisi�on;	As per Chapter-11 from the Competent Courts.
f)	Indica�ve �me period for comple�on of the acquisi�on;	Es�mated 2~3 Months (Approx.)
g)	Nature of considera�on - whether cash considera�on or share swap and details of the same;	Shall be disclosed a�er Successful acceptance of the Bid.
h)	Cost of acquisi�on or the price at which the shares are acquired;	Shall be disclosed a�er Successful acceptance of the Bid.
i)	Percentage of shareholding / control acquired and / or number of shares acquired;	100% (as a member of a consor�um of members)
j)	Brief background about the en�ty acquired in terms of products/line of business acquired, date of incorpora�on, history of last 3 years turnover, country in which the acquired en�ty has presence and any other signifcant informa�on (in brief);	EBIX INC. is a leading interna�onal supplier of On- Demand so�ware and E-commerce services to the insurance, fnancial and healthcare industries, EBIX INC., (NASDAQ: EBIX) provides end-to-end solu�ons ranging from infrastructure exchanges, carrier systems, agency systems and risk compliance solu�ons to custom so�ware development for all en��es involved in the insurance industryat world-wide level.