Vikas Lifecare Limited Board Allots Equity Shares to Srestha Finvest Ltd. against Warrants

Vikas Lifecare Limited (VLL) (BSE: 542655, NSE: VIKASLIFE), has announced that in its board meeting held on April 05, 2024, the company has allotted equity shares against conversion of warrants to Srestha Finvest Ltd. Vikas Lifecare Ltd. converted 5,20,00,000 warrants and allotted the same number of equity shares.

Recently, Vikas Lifecare Limited announced that the Company has acquired a considerable stake in Benchmark News Lab Private Limited. The Company has invested INR 150 Million to acquire 7.5% Equity in the popular News Channel Bharat Express News. The company may enhance its stakes in the venture and also the relevant industry during the upcoming Financial Year 2024~25. Pursuing the Expansion Plans and in order Broadbase it’s business interests, Vikas Lifecare recently ventured into the Media & Entertainment Business Industry and has been exploring various options to set a firm foothold in the industry via acquisitions and mergers while also eying to evaluate and start an independent business division to enhance its business in the relevant segment.

Vikas Lifecare Limited (VLL) is an ISO 9001:2015 certified company, conventionally engaged in manufacturing and trading of Polymer and Rubber compounds and Specialty Additives for Plastics, Synthetic & Natural Rubbers. Manufacturing up- cycled compounds from industrial and post-consumer waste materials like EVA, PVC, PP, PE etc., while actively contributing to the Environment Protection initiatives from the Government of India and fulfilling the mandated EPR obligations for the conglomerates consuming hundreds of thousands of tons of plastic products and packaging materials. VLL is also a Del-Credere agent of ONGC (Oil and Natural Gas Corporation Ltd.) Petro Additions Limited, a public sector undertaking producing a wide variety of base Polymers and Commodity Plastic Raw Materials. VLL’s subsidiary M/s Genesis Gas Solutions Pvt. Ltd. is engaged in the business of Smart Gas Meters being supplied to all the major Gas Distribution Companies for domestic and commercial consumers. Genesis pioneers in Smart Gas and Water Metering and commands about 20% of the Domestic Gas Metering business share in India.

As a long-term business strategy, the company has most recently diversified its business interests beyond raw materials (B2B businesses) and forayed into the B2C segment with a host of consumer products including FMCG, Agro, and Infrastructure Products; paving way for an aggressive business growth with intricately planned and making continuous additions to the products & services portfolios via acquisitions, joint ventures and tie-ups.

VLL ventured into the entertainment sector and acquired SKY 2.0 Club. It is a revolutionary standalone nightclub anchored in the heart of Dubai Design District, UAE. Innovative and experiential, SKY 2.0 provides an interactive experience by employing modern technology in the venue. Another recent acquisition in entertainment sector is PME Entertainment, headquartered in UAE, a leader in the rapidly evolving entertainment industry with expertise in music production and event management facilitating connections with global talents, fostering a network and ensuring the success of shows through continuous support from audiences and clients. The Company continues spreading its arms under entertainment sector with a new venture in film production. This strategic move marks Vikas Lifecare Limited’s entry into the dynamic world of cinema, leveraging its expertise in creativity and innovation to deliver captivating and thought-provoking content and memorable experiences for audiences across the globe.

VLL intends establishing / acquiring businesses in these business segments thereby expanding its footprint in the country and beyond.