Net loss of Vikas Lifecare reported to Rs 3.51 crore in the quarter ended December 2023 as against net profit of Rs 5.89 crore during the previous quarter ended December 2022. Sales declined 25.88% to Rs 99.28 crore in the quarter ended December 2023 as against Rs 133.94 crore during the previous quarter ended December 2022. ParticularsQuarter Ended�Dec. 2023Dec. 2022% Var. Sales99.28133.94 -26 OPM %-4.833.42 - PBDT-2.264.69 PL PBT-3.013.48 PL NP-3.515.89 PL Powered by Capital Market - Live News

Vikas Lifecare will hold a meeting of the Board of Directors of the Company on 13 February 2024.Powered by Capital Market - Live News

 Vikas Lifecare announced an update from IGL Genesis Technologies (IGTL), the joint venture company formed between Genesis Gas Solutions (GGSPL) (subsidiary of the company) & Indraprastha Gas (IGL). While IGTL initiated the process of establishing the production facility to manufacture Smart Gas Meters in India with Technical Knowhow from Hangzhou Beta Meter Co., (Holley Group), the largest producer of Gas Meters across the globe. Whereas, IGTL has acquired the Technology for manufacturing of Smart Gas Meters for about USD 2.4 Million (Rs 19.92 crore approx.), of which IGTL has remitted 50% about USD 1.2 Million (Rs 9.96 crore approx.) this week. The funds for the payment have been sourced from the capital infusion of about Rs 37 crore, contributed at IGTL by IGL & GGSPL (Infused by VLL) in the ratio 51:49 respectively. Powered by Capital Market - Live News

Vikas Lifecare has appointed Suresh Menon, a veteran from the Indian Entertainment Industry as the Director in the Company w.e.f. 31 January 2024. Powered by Capital Market - Live News

Vikas Lifecare made the largest investment till date, in acquisition of major stakes in the renowned �SKY2.0 Club�, Dubai. The acquisition is a share swap deal signed between Vikas Lifecare and the holding company M/s Blue Sky Event Hall FZ-LLC, Dubai, for acquisition of 60% stakes in the SKY 2.0 Club business and all future business ventures in the relevant business segment at an enterprise valuation of about USD 130 Million. The acquisition process shall be completed within this Fiscal Year.Powered by Capital Market - Live News