Announced Mon, 7 Sept · 13:50 IST

Board approves capital hike, 43rd AGM on Sep 29

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+0.1%1-day move
₹66.80
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₹65.20
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AI summary

Vaxfab Enterprises board approved increasing authorized share capital from Rs 35 crore to Rs 50 crore, adding about 1.5 crore equity shares of Rs 10 each. The 43rd AGM is scheduled for September 29, 2026 at 12:00 PM at the registered office in Ahmedabad. E-voting runs September 26 to 28, with cut-off date September 22. Board also approved the Directors Report for FY ended March 31, 2026. Shareholders will need to approve the capital alteration at the AGM.

Likely market impact

Capital hike hints at possible fundraising or expansion plans ahead. Shareholders will vote on the change at the AGM, which could dilute existing holdings.