Promoter was allocated 2 crore shares of this penny stock below ₹6

Vikas Lifecare Limited has approved the allotment of 5,61,00,000 new equity shares to both promoters and non-promoter/public category investors. These shares were converted from warrants previously issued. The promoter of the company (Vikas Garg) was allocated 2,00,00,000 shares in conversion of warrants. Additionally, the non-promoters of the company were allocated 3,61,00,000 shares.