All the pieces You Have to Know Concerning the Vikas Lifecare Rights Problem – #9 by…

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Replace: Vikas Lifecare might be making first and last name cost for the partly-paid shares . The corporate has fastened January 14, 2021, because the document date to find out the the holders of partly-paid shares to whom the ultimate name discover can be despatched. You may examine the announcement from the corporate here.

In consequence, the partly-paid shares of Vikas Lifecare might be suspended from buying and selling on exchanges with impact from January 13, 2021, and also you won’t be able to see this holdings on Kite.

Occasion Schedule
Cost ₹ 1.7 per share
Name Cost Interval January 20, 2022 to February 3, 2022
Allotment & Itemizing Inside 2 to three weeks from the final date of cost

How do I make the decision cost

You can also make name cost by the next modes:

  • Via the web site of the website of the Registrar and Transfer agent. The web site won’t be absolutely stay till the call-payment window opens.
  • Netbanking ASBA: Via the web site of the SCSB’s.
  • Bodily ASBA: By submitting a bodily software to the Designated Department of SCSB’s.
  • Cheque / Demand Draft.

What is going to occur if I don’t make the decision cost?

When you fail to pay the decision cash the partly paid shares could also be forfeited (the present Vikas Lifecare PP shares you maintain might be nugatory and won’t commerce on exchanges as the corporate will allot new shares below completely different ISIN). The corporate can also levy curiosity on the quantity you owe.

Vikas Lifecare Ltd. (VIKASLIFE) will problem Proper Entitlements (RE’s) to anybody who holds its shares as of November 1, 2021 (document date). These RE’s might be quickly traded on the inventory exchanges and can then be extinguished. You may both use the RE’s to use for the rights shares of Vikas Lifecare or you possibly can promote them out there. You may examine the announcement from the corporate here.

Problem Particulars
Ex-Date October 29 , 2021
Document Date November 1, 2021
Ratio 4:21
Problem Worth ₹ 2.80
Problem Interval November 10, 2021 to November 24, 2021
RE Buying and selling Interval November 10, 2021 to November 18, 2021
Tentative Date of Allotment December 6, 2021
Tentative Date of Itemizing December 13, 2021

This can be a partly-paid problem, which means on the time of software you solely must make half cost.

Quantity payable per fairness share Face Worth Premium Complete
On Software 0.4 0.7 1.1
A number of further calls as could also be determined by the corporate 0.6 1.1 1.7
Complete 1 1.8 2.8

When you proceed holding partly-paid shares of Vikas Lifecare when the corporate makes a name for the steadiness cost, you’ll be liable to pay the steadiness sum. Alternatively, should you promote the partly-paid shares, the client might be liable to pay the sum.

When you both obtain the RE’s from the corporate or buy it from the market, you possibly can apply for the rights shares utilizing Netbanking ASBA. You may examine the method on this put up.

You too can apply for rights shares by the website of the Registrar and Transfer agent.

You will want to enter your demat account’s Beneficiary Owner ID which is a 16-digit quantity whereas making use of by Netbanking ASBA.

Observe: In case you have purchased the REs from the secondary market. You won’t be able to use for rights shares from the RTA’s portal. You’ll have to make an software both by Netbanking ASBA service supplied by your financial institution, you possibly can try the method right here. In case your financial institution isn’t providing the choice for software, you’ll have to make a plain paper software. You may obtain the appliance kind here. The method for submitting the shape has been defined on the shape itself.

When you face any difficulties in making use of for the rights shares, you possibly can attain out to the RTA, Bigshare Providers at or at +91 22 6263 8200.

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