Detailed Summary
This disclosure is made in continuation of the company's earlier disclosures dated April 19, 2025 and June 23, 2026 regarding the examination of transactions involving certain foreign entities/SEBI-registered Foreign Portfolio Investors (FPIs) and their investments in various listed companies.
The specific development disclosed is that one of the company's Promoters, Mr. Vikas Garg, has been taken into custody by the Directorate of Enforcement on July 14, 2026 under the applicable provisions of the Prevention of Money Laundering Act, 2002.
The company states it is evaluating this development in consultation with its legal advisors and shall take such steps as may be considered appropriate in accordance with applicable law.
According to the disclosure, this development has no material impact on the company's business operations, which continue in the ordinary course. The company commits to making further disclosures as may be required under applicable law.
The annexure provides structured details as required under Regulation 30 read with SEBI Master Circular HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated January 30, 2026:
- Nature of arrest/custody: Continuation of ED proceedings under PMLA involving examination of transactions with foreign entities/FPIs and investments in listed companies
- Estimated impact on listed entity: No material impact on business operations; operations continue in ordinary course
- Time of occurrence: July 14, 2026
- Person(s) involved: Mr. Vikas Garg (Promoter)
- Estimated amount involved: Not ascertainable
- Whether such arrest has been reported earlier: Not Applicable
The disclosure is signed by Sundeep Kumar Dhawan, Managing Director (DIN: 09508137) on behalf of Vikas Lifecare Limited.
Financial Impact Assessment
Company states no material impact on business operations. Financial impact not quantified in the disclosure.