Board Meeting11 Apr 2026, 12:30 pm
Vikas Lifecare Board Approves ₹200 Cr Fundraise, Boosts Capital
AI Summary
Vikas Lifecare Ltd's Board of Directors, at its meeting on April 11, 2026, approved raising funds not exceeding ₹200 Crores. This will be done in one or more tranches through the issuance of warrants and/or equity shares on a preferential basis. The company aims to support its growth plans and has authorized a 'Fund Raising Committee' for further actions, including finalizing allottees and issue price. Additionally, the Board approved increasing the company's Authorized Share Capital to ₹300 Crores to accommodate the increased issued capital, necessitating amendments to the Memorandum and Articles of Association. Members' approval for these proposals will be sought via postal ballot.
Key Highlights
- Board approved fundraise up to ₹200 Cr via preferential issue.
- Funds to be raised through warrants and/or equity shares.
- Authorized share capital increased to ₹300 Cr.
- MoA and AoA to be amended for capital increase.
- Shareholder approval to be sought via postal ballot.