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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Vaxfab Enterprises Limited has notified that its 42nd Annual General Meeting will be held on Tuesday, 30th September 2025 at 12:00 PM (IST) at the registered office in Ahmedabad. The AGM notice covers adoption of audited financial statements for FY2024-25, reappointment of Mr. Nishant Subhashchandra Gandhi as a director retiring by rotation, and ratification of M/s. A. Shubhangi & Associates as Secretarial Auditors for a five-year term (FY2025-26 to FY2029-30). Shareholders will also be asked to approve increasing the authorised share capital from Rs. 9.3 crore to Rs. 35 crore by creating an additional 2.57 crore equity shares of Rs. 10 each. Additionally, the company proposes to issue up to 2,54,94,763 fully convertible warrants on a preferential basis to non-promoter/public allottees at Rs. 21.02 per warrant, aggregating to approximately Rs. 53.59 crore. The warrants are convertible into equity shares within 18 months, with 25% upfront payment and the balance on conversion.
If approved, existing shareholders will see significant dilution potential — the preferential warrant issue alone could expand the equity base by up to ~2.55 crore shares, and the higher authorised capital signals possible further fund-raising. Short-term share price may react to the dilution overhang, while long-term impact depends on how the ~Rs. 53.59 crore is deployed for growth.