Vikas Lifecare Promoter Vikas Garg Arrested by Enforcement Directorate

Vikas Lifecare Ltd has disclosed a significant development wherein one of its Promoters, Mr. Vikas Garg, has been taken into custody by the Directorate of Enforcement under the Prevention of Money Laundering Act, 2002. This follows earlier disclosures regarding proceedings initiated by the Directorate concerning transactions involving foreign entities and FPIs. The company is consulting legal advisors to assess the situation and determine appropriate actions. Vikas Lifecare states that this development has no material impact on its ongoing business operations, which continue as usual. Further disclosures will be made as required by law.