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Awaiting price reaction for this filing.
Vaxfab Enterprises informed the stock exchanges that its Board, at a meeting held on 13 February 2026, approved the allotment of 26,86,268 equity shares of face value Rs. 10 each at Rs. 21.02 per share, upon conversion of previously issued warrants on a preferential basis. A total of 12 allottees, including individuals and entities such as Vintage Diamond LLP, Markand Tradeventure LLP, Kushmanda Tradeline LLP, and Balmukund Tradelink Pvt Ltd, exercised their warrants. As a result, the company's paid-up equity share capital rose to Rs. 16.87 crore, comprising 1,68,75,035 equity shares. The remaining conversion amount of Rs. 15.765 per warrant was received at the time of conversion, in addition to the Rs. 5.255 paid earlier at the time of original warrant allotment.
This is a warrant-to-equity conversion event — no fresh capital infusion at the company level beyond the balance warrant exercise money already committed. The share count rises by about 19%, leading to dilution for existing shareholders, though it was a pre-disclosed and pre-priced preferential issue rather than a surprise fundraising.