NSE approves reclassification of 4 promoters to Public category
VCL · price
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On the reaction day the stock moved 4.4 pts more than Nifty Microcap 250 and 4.9 pts more than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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NSE has approved reclassifying 4 shareholders of Vaxtex Cotfab from Promoter to Public category under SEBI Regulation 31A. The four are Mithleshkumar Agrawal (0.13%), Khushant Gupta (0.10%), Qmin Industries (0.21%), and Vax Enterprise (0%). Together they represent about 0.44% of shares. Approval letter dated August 20, 2026.
Promoter group holding reduces by 0.44%, marginally increasing public float. Likely neutral impact on stock price.