Vikas Lifecare Limited, a small-cap stock, has announced plans to set up a new manufacturing facility in Rajasthan's Shahjahanpur RIICO Industrial Area. The 20,000 sq ft plant will specialize in producing advanced commodity compounds like EVA, ATH, Thermoplastic Rubber, and Thermoplastic Elastomer. This expansion is a strategic move to leverage the Rajasthan Investment Promotion Scheme (RIPS).