Description

SEBI has issued notices for attachment of bank accounts and demat accounts (AP Nos. 15162 & 15163 of 2026) against Vikas Lifecare Limited (PAN: AADCA5571A) as a defaulter, pursuant to Recovery Certificate No. 8713 of 2025.

Summary

SEBI has issued a Notice of Attachment of Bank Accounts and Demat Accounts (Attachment Proceedings Nos. 15162 & 15163 of 2026) dated February 16, 2026, against Vikas Lifecare Limited (PAN: AADCA5571A) in its capacity as a defaulter. The attachment is being enforced under Recovery Certificate No. 8713 of 2025, directing banks and depositories to freeze the company’s accounts to recover outstanding dues owed to SEBI.

Key Points

  • Attachment Proceedings Nos. 15162 and 15163 of 2026 issued on February 16, 2026
  • Defaulter: Vikas Lifecare Limited (PAN: AADCA5571A)
  • Enforcement mechanism: Recovery Certificate No. 8713 of 2025
  • Action covers both bank accounts and demat (securities) accounts
  • Notice directed to banks/financial institutions and depositories holding accounts of the defaulter

Regulatory Changes

No new regulatory changes. This is an enforcement action under SEBI’s existing recovery powers pursuant to the SEBI Act, 1992 and the SEBI (Recovery of Money) Regulations, 2008.

Compliance Requirements

  • Banks and financial institutions holding accounts of Vikas Lifecare Limited are required to immediately attach (freeze) the accounts upon receipt of the notice
  • Depositories holding demat accounts of the defaulter must freeze the demat accounts
  • Attached funds/securities must not be released without SEBI’s prior written approval
  • Recipients must report the account details and balances to SEBI’s Recovery Officer

Important Dates

  • Recovery Certificate No. 8713 issued: 2025 (exact date in original RC)
  • Attachment Notice Date: February 16, 2026
  • Published on SEBI website: February 19, 2026

Impact Assessment

This enforcement action directly affects Vikas Lifecare Limited by freezing its bank and demat accounts, restricting the company’s ability to conduct financial transactions and trade securities. For market participants, this signals continued SEBI enforcement against entities that have failed to comply with earlier regulatory orders or pay assessed penalties. Investors and counterparties of Vikas Lifecare Limited should be aware of the company’s defaulter status and the associated account restrictions.

Impact Justification

This is a routine SEBI enforcement action attaching bank and demat accounts of a specific defaulter company under an existing recovery certificate. While significant for the named entity, it has limited broader market impact.