Vikas Lifecare | Business Upturn

Vikas Lifecare signs technology transfer agreement with ASL, DRDO for bio-degradable plastics

Aman Shukla — Mon, 16 Dec 2024 06:52:25 +0000

Vikas Lifecare Limited (VLL) has recently informed exchanges that he company has signed a technology transfer agreement with the Advanced Systems Laboratory (ASL), DRDO, under the Ministry of Defence, Government of India, to develop biodegradable granules for sustainable packaging solutions. This collaboration focuses on offering a cost-effective alternative to traditional polyethylene bags, addressing the growing global demand for eco-friendly materials.

The technology, developed by DRDO, supports VLL in producing biodegradable granules for manufacturing eco-friendly bags, aligning with India’s commitment to sustainability. As the Indian plastic packaging market is projected to reach USD 25.35 billion by 2029, the demand for such innovative packaging solutions is set to rise.

VLL will have a non-exclusive 10-year license to manufacture and market these biodegradable granules both domestically and internationally. With the full support of DRDO, including technical documentation and testing protocols, this initiative contributes to reducing plastic pollution and promoting a circular economy.

VLL’s move to integrate biodegradable plastics into their product line reflects their ongoing commitment to environmental sustainability and fulfilling Extended Producer Responsibility (EPR) mandates. This partnership with DRDO is a major step toward a greener future in packaging, positioning VLL as a leader in the shift towards eco-friendly plastics.

Vikas Lifecare faces market jolt as Income Tax Department conducts search operations, stock down by nearly 8%

Aditya Bhagchandani — Wed, 04 Oct 2023 09:04:15 +0000

Vikas Lifecare witnessed a significant downturn in the market, experiencing an 8% plunge in its stock value after search operations were conducted by the Income Tax Department at their premises.

The stock, which opened at 5.20 and had a previous close of 5.25, is currently trading at – ₹4.90, reflecting the impact of these developments on the company’s market standing. Investors closely monitor the situation as Vikas Lifecare navigates through this challenging phase in the market.

Vikas Lifecare multibagger penny stock: Forbes EMF, Nomura Singapore Ltd invest

Dipankar Ray — Tue, 07 Jun 2022 06:52:58 +0000

Reports confirm that Nomura Singapore Limited, Forbes EMF, and AG Dynamic Funds are the companies that have taken an interest in the multi-bagger penny stocks of Vikas Lifecare. The board of directors of the company had made it clear about the allotment of 12,50,00,000 shares to the company. As per reports, the board has allotted 5,40,00,000 to Forbes EMF, another 4,40,00,000 shares to Nomura Singapore Limited and a total of 2,70,00,000 to AG Dynamic Funds.

Vikas Lifecare is a leading company in the rade of industry-standard rubber and polymer compounds. The shares have given a stellar return to all its shareholders this past year. In the last month, the company’s shares have apprised from 4.60 to 5.40 a piece delivering over 15 per cent of return to all its shareholders.

Vikas Lifecare receives investments

In the year-to-date time, the penny stock in question has given around a 25 per cent increase in returns but the last 6 months have increased the returns to about 60 per cent.

The company Vikas Lifecare informed about the development in an exchange communication citing, “In furtherance to our earlier intimations dated May 25, 2022. And June 2, 2022, with respect to the aforesaid issue. Which was opened on May 25, 2022, and closed on June 2, 2022. We are pleased to inform you that the Fund Raising Committee of the Board of Directors. Of the Company (the “Committee”), at its meeting held today i.e. June 2, 2022. (Which commenced at 8:30 P.M. And concluded at 9:00 P.M.). Has inter alia approved the issuance. And allotment of 12,50,00,000 equity shares to qualified institutional buyers. In present tranche at the issue price of ₹4.00 per equity share (including a premium of ₹3.00 per Equity Share). Aggregating to ₹50,00,00,000 (Rupees Fifty Crore only).”

The increase in the stock price predictions of Vikas lifecare and its growth was also confirmed by Anuj Gupta. Who is the Founder of the IIFL Securities has confirmed that the stock has breached its consolidation zone. As well as has been able to sustain at this level even with the market. However, not up to the mark and. Therefore confirms that the stock may give a sharp upside from short to medium term.