Announced Mon, 26 Jan · 16:58 IST

As per attachment

Warrants ConvertedFund Raising View source PDF

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Awaiting price reaction for this filing.

AI summary

Vaxfab Enterprises' board, at its meeting on 26 January 2026, approved the allotment of 34,39,136 equity shares of face value Rs. 10 each at Rs. 21.02 per share, pursuant to the conversion of warrants previously issued on a preferential basis. The warrants were held by 5 investors — Vintage Diamond LLP, Sparkling Tradewing LLP, Markand Tradeventure LLP, Kushmanda Tradeline LLP, and Balmukund Tradelink Pvt Ltd — who paid the remaining exercise price of Rs. 15.765 per warrant (on top of the Rs. 5.255 paid earlier at warrant allotment). The company also corrected earlier typographic errors in share counts allotted to three individual warrant holders (Rakesh Shamji Patel, Sameet Khatri, and Mita Hitesh Ajmera), revising the total to 21,27,620 shares. Post this allotment, the company's paid-up equity share capital has increased to Rs. 16.04 crore, comprising 1,60,49,489 equity shares.

Likely market impact

The conversion increases the company's paid-up equity capital and share count, which may dilute existing shareholders marginally. The fresh shares will rank equally with existing equity, and the company has received the balance warrant exercise money of roughly Rs. 5.42 crore from the 5 institutional allottees.