Vaxfab Enterprises Ltd — Important, 05-09-2025: Company Update
05-09-2025 | 06:49 pm
05-09-2025 | 06:49 pm
The Board has announced a board meeting where it approved a significant increase in its authorized share capital from ₹9.30 Cr to ₹35.00 Cr, subject to shareholder approval. It also cleared a preferential allotment of 2.55 Cr fully convertible warrants at ₹21.02 each, aiming to raise approximately ₹53.59 Cr. In a strategic move, the company will acquire 100% control of Aarsha International (travel), Satvat Agro LLP (packaging), and Eklingji Tradelink (trading) for cash, making them wholly-owned subsidiaries for expansion. Additionally, the 42nd Annual General Meeting will be held on September 30.
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