Appointment of Company Secretary and Compliance Officer
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Awaiting price reaction for this filing.
Vaxfab Enterprises' board approved several major decisions on September 5, 2025. The company plans to issue 2,54,94,763 fully convertible warrants at ₹21.02 each to public allottees, raising up to ₹53.59 crore on a preferential basis, convertible within 18 months. To accommodate this, authorised share capital will be increased from ₹9.30 crore to ₹35 crore, subject to shareholder approval. The board also approved acquiring 100% control in three entities — Aarsha International Limited, Satvat Agro LLP, and Eklingji Tradelink Private Limited — making them wholly owned subsidiaries, with combined FY25 turnover of roughly ₹28 crore. The 42nd AGM is scheduled for September 30, 2025. Additionally, Julee Miteshkumar Sanghavi was appointed as Company Secretary and Compliance Officer, and M/s. V K Nagar & Associates was appointed as Internal Auditor for FY 2025-26.
Existing shareholders face significant potential dilution from the ₹53.59 crore warrant issue (~2.55 crore new shares). The acquisitions diversify the company into travel, paper/packaging, and trading businesses, but small-scale turnover suggests limited immediate earnings boost. Overall, this signals an aggressive expansion-and-capital-raising phase that may weigh on the stock short-term but could support growth if deployed effectively.