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Awaiting price reaction for this filing.
Vaxfab Enterprises Ltd has acquired a 100% controlling stake in Eklingji Tradelink Private Limited, making it a wholly owned subsidiary. The deal was done through a cash consideration of ₹10 per share, covering 2,70,000 equity shares, totaling around ₹27 lakh. The target company, based in Ahmedabad, trades in paper, fabrics, textiles and other commodities, and reported a turnover of ₹11.31 crore in FY24-25, up from ₹4.73 crore in FY23-24. The acquisition is a related-party transaction-free deal and required no government or regulatory approvals, with completion happening on the same day (18 November 2025). The company stated the objective is strategic expansion, diversification, and investment purposes.
For shareholders, this adds a new operating subsidiary to Vaxfab's portfolio with growing revenues in the trading/commodities space, but the small deal size (₹27 lakh) suggests limited immediate financial impact. The stock may see mild positive sentiment if investors view the acquisition as a stepping stone for further growth.