SIGNED NOTICE OF THE EOGM
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Vaxfab Enterprises has called an EGM on Saturday, 21st June 2025 at 12:00 PM via video conferencing. The meeting covers eight items, the most significant being a proposal to expand the company's main object clause by adding 16 new sub-clauses covering travel and tourism, transport services, textiles and garments, agri-inputs and commodities, gold and precious metals trading, and general trading and manufacturing activities. The company is also seeking shareholder approval to shift its registered office from Surat to Ahmedabad (effective 22nd June 2025). Additionally, four director appointments are up for regularization: Mr. Nikhil Kumar Gupta and Mr. Nishant Gandhi as Non-Executive Non-Independent Directors, Ms. Juhi Sawajani and Mr. Jinang Shah as Independent Directors for a five-year term (April 2025 to March 2030). Mr. Ravindra Ashokbhai Joshi is being elevated from Additional Director to Managing Director for three years. A new Secretarial Auditor, Mrs. Shubhangi Agarwal, is also proposed for a five-year term. E-voting will be open from 18th to 20th June 2025, with the cut-off date being 14th June 2025.
For shareholders, the EGM signals a major pivot: a small Surat-based company is seeking permission to enter unrelated sectors like travel, textiles, agriculture, and bullion trading, which carries both diversification opportunity and execution risk. The office shift to Ahmedabad and a new Managing Director suggest strategic restructuring. Shareholders should review the diversification plan closely, as voting on the MOA amendment is the most consequential item and requires a special resolution.