Vikas Lifecare Limited has issued a postal ballot notice seeking shareholder approval for its previously announced warrant allotment and related corporate actions. The company sent the notice to shareholders for remote e-voting on three key resolutions, including the issuance of 61,90,62,500 fully convertible warrants worth Rs. 99,05,00,000.

Postal Ballot Process Details

The company has engaged National Securities Depository Limited (NSDL) to facilitate the remote e-voting process. Shareholders holding shares as of the cut-off date of April 10, 2026, are eligible to participate in the voting process.

Three Key Resolutions for Approval

The postal ballot notice covers three critical business items requiring shareholder consent. The first resolution seeks approval for alteration of Articles of Association to facilitate future capital issuance under Section 62 of the Companies Act, 2013.

Warrant Issuance Resolution

The second and most significant resolution pertains to the issuance of 61,90,62,500 fully convertible warrants on a preferential basis. These warrants, priced at Rs. 1.60 each, will be allocated to both promoter/promoter group entities and non-promoter public category investors.

Major Allottee Distribution

Among promoter group entities, Just Right Life Limited will receive the largest allocation of 22,50,00,000 warrants, followed by Advikca Finvest Limited with 10,00,00,000 warrants. Individual promoter Vikas Garg is allocated 1,00,00,000 warrants.

In the non-promoter category, Sneha Garg leads with 9,37,50,000 warrants, while Integra Essentia Limited will receive 7,50,00,000 warrants. The allocation includes 25 different non-promoter entities and individuals.

Capital Structure Changes

The third resolution seeks approval for increasing the authorized share capital from Rs. 235,00,00,000 to Rs. 300,00,00,000, consisting of 300,00,00,000 equity shares of Re. 1 each. This increase will accommodate the proposed warrant conversion and future growth requirements.

Regulatory Compliance Framework

The preferential issue will be conducted under Section 42 and Section 62(1)(c) of the Companies Act, 2013, and Chapter V of SEBI ICDR Regulations. The company has appointed Mr. Avinash Kumar of Avinash K & Co. as the scrutinizer for conducting the postal ballot process.

The warrants carry an 18-month conversion period from allotment date, with each warrant convertible into one fully paid-up equity share. The issue price of Rs. 1.60 per warrant is higher than the floor price determined under SEBI regulations, with the relevant date set as April 15, 2026.

Results of the postal ballot will be announced within two working days of the e-voting conclusion and communicated to stock exchanges where the company's shares are listed.

Source: Company/INE161L01027/171fd6a5-427f-4ad5-a0ac-234d989b12fd.pdf

Vikas Lifecare Limited has informed stock exchanges about receiving a significant income tax demand order worth ₹22.99 crore from the Income Tax Department. The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Tax Demand Details

The company received the assessment order on March 27, 2026, covering various assessment years. The demand primarily stems from certain additions and disallowances made by Income Tax Authorities during assessment proceedings.

Company's Response Strategy

Vikas Lifecare Limited is currently evaluating the assessment order and plans to pursue appropriate legal remedies. The company intends to file appeals within the prescribed timelines based on its preliminary assessment of the order.

Financial Impact Assessment

The company has indicated that it is in the process of assessing the financial implications of the tax demand order. Key aspects of the impact include:

• No immediate material impact on company operations
• Assessment pending final adjudication of the matter
• Management confidence in favorable outcome at appellate stage
• Legal advice supporting the company's position

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI (LODR) Regulations, 2015. This regulation requires listed companies to inform stock exchanges about material events that could impact their operations or financial position.

The company's management, led by Managing Director Sundeep Kumar Dhawan, has assured stakeholders that they are taking appropriate steps to address the tax demand through proper legal channels.