The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vax Enterprise Pvt Ltd
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Vaxfab Enterprises Ltd (BSE scrip 542803) received a Regulation 29(2) disclosure from Vax Enterprise Private Limited, which is NOT part of the promoter/promoter group. The entity sold 2,08,157 equity shares (2.48% of paid-up capital) on 4th April 2025 through open market on the stock exchange. As a result, its holding dropped from 6,26,182 shares (7.45%) to 4,18,025 shares (4.98%), crossing below the 5% disclosure threshold. The company's total equity capital remains unchanged at 84,00,000 shares of Rs. 10 each (Rs. 8.40 crore). The disclosure was signed by Director Mithleshkumar Agrawal on 5th April 2025 from Ahmedabad.
This is a non-promoter entity trimming its stake and falling below the 5% regulatory threshold, which could indicate portfolio rebalancing or reduced conviction in the stock. Since Vax Enterprise is not a promoter, this has no direct governance implication, but retail investors may note that a sizable non-promoter holder has materially reduced exposure.