Vaxfab Enterprises Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 05/09/2025 ,inter alia, to consider and approve Pursuant to Regulation 29(1) ....
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Awaiting price reaction for this filing.
Vaxfab Enterprises' board met on 29 August 2025 and approved a plan to raise funds through a preferential issue. The decision on increasing the authorised share capital was deferred and will now be taken up at the next board meeting scheduled for 5 September 2025, along with the fund-raising proposal, subject to shareholder and other regulatory approvals. The trading window for dealing in the company's shares has been closed from 1 September to 7 September 2025 in line with insider trading rules. No details on the amount to be raised, valuation, or identity of proposed allottees have been disclosed yet.
A preferential issue typically means new shares will be issued to select investors, which may lead to dilution for existing shareholders. The exact size and pricing of the issue, as well as who the investors are, will be key details to watch when announced on or after 5 September 2025.