Vikas Lifecare Limited announced a private placement to issue and allot 252,500,000 fully convertible warrants on preferential basis for an issue price of INR 3.20 per warrants for gross proceeds of INR 808,000,000 on October 31, 2023. The warrant holder can exercise the warrant to subscribe for one equity share of the company. The warrants entitle the allottee to apply for and be allotted equal number of equity shares for each warrant held by them on payment of balance 75% of the issue price within 18 months from the date of issue of these warrants.

The company has allotted on preferential basis Orchard Road Properties Private Limited 1,00,00,000 warrants, Ecospace Infotech Private Limited 1,00,00,000 warrants, Pincers Commodities Private Limited 1,00,00,000 warrants,Tumpkinsharp Trading Private Limited 1,00,00,000 warrants, Fartile Trading Private Limited 1,00,00,000 warrants,Ultimateannex Trading Private Limited 1,00,00,000 warrants,Mariango Trading Private Limited 1,00,00,000 warrants, Sandhil Traders Private Limited 50,00,000 warrants, Mocktail Trading Private Limited 1,00,00,000 warrants,Spoonbill Consultancy Services Private Limited 50,00,000 warrants,Kiwi Dealcom Private Limited 1,00,00,000 warrants , Aryadeep Tie Up Private Limited 1,00,00,000 warrants,Ayodhya Vincom Private Limited 1,00,00,000 warranta,Pearl Dealers Private Limited 1,00,00,000 warrants,Deviyam Finvest Private Limited 25,00,000 warrants, One Tree Hill Properties Private Limited 1,00,00,000 warrants, Kredence Multi Trading Limited 2,50,00,000 warrants, Sygnific Corporation Solutions Pvt Ltd 60,00,000 warrants,VKC Corporation Solutions Pvt Ltd 60,00,000 warrants,Oswal Infrastructure Limited 50,00,000 warrants, Oswal Industries Limited 50,00,000 warrants, Sneha Bhandari 50,00,000 warrants, Ankit Neema 5,00,000 warrants , Deepti Jain 5,00,000 warrants,Mayank Bhandari 10,00,000 warrants, Rajendra Kumar Bhandari 5,00,000 warrants ,Vipin Goutam 5,00,000 warrants,Kavita Mahesh Jhawar 20,00,000 warrants ,Manju Kailash Jhawar 20,00,000 warrants , Vijay Kumar Bucha 20,00,000 warrants,Pinky Bucha 20,00,000 warrants ,Sanjay Kumar Tikamchand Bucha HUF 50,00,000 warrants ,Vinay Kumar Chawla HUF 20,00,000 warrants ,Manoj Gupta 2,00,00,000 warrants ,Ajay Kumar Gupta 1,00,00,000 warrants and Nidhi Gupta 1,00,00,000 warrants.