Vaxtex Cotfab Limited — Important, 24-12-2025: Disclosure of material issue

Vaxtex Cotfab's Board has approved requests from Mr. Khushant Gupta, Mr. Mithleshkumar Agrawal, M/S Qmin Industries Limited, and M/S Vax Enterprises Private Limited to reclassify their status from Promoter to Public category.

**Issue:** Several key individuals and entities associated with the company are seeking to move from the 'Promoter' group to the 'Public' shareholder category.

**Possible Impact:** If the National Stock Exchange (NSE) grants approval, this reclassification will lead to a decrease in the company's official promoter shareholding and an increase in the public float. For retail investors, this could mean more shares becoming available for trading, potentially enhancing liquidity. It also signifies a shift in the core ownership structure.

**Company’s Response:** The company's Board has given its approval to these reclassification requests. However, the final change is contingent upon receiving approval from the National Stock Exchange of India Limited.