Vikas Lifecare Limited — Board Meeting, 20-12-2024: Outcome of Board Meeting

The Board of Directors has approved the raising of funds through the issuance of securities, aiming to secure up to ₹200 Crore for long-term resources and growth opportunities. Additionally, the authorized capital will increase from ₹200 Crore to ₹235 Crore, necessitating an amendment to the Memorandum of Association. The company will also seek member approval via postal ballot, with procedures for this approval approved during the meeting. These strategic decisions are expected to enhance the company’s operational capacity and financial flexibility.