Vikas Lifecare Limited — Others, 20-12-2024: Shareholders meeting

Vikas Lifecare Limited has announced a board meeting on December 20, 2024, to seek shareholder approval through a postal ballot for several key initiatives. These include raising funds up to Rs. 200 crore through issuance of securities, increasing the authorized share capital from Rs. 200 crore to Rs. 235 crore, and appointing Mr. Parag Dadeech as a director and as whole-time director with a remuneration of up to Rs. 55 lakh annually. This move positions the company for increased operational flexibility and potential growth, which could enhance investor sentiment positively. Voting will open from December 21, 2024, to January 19, 2025.