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VAXFAB ENTERPRISES' board has approved the allotment of 26.86 lakh equity shares. These shares, with a face value of Rs. 10 each, were issued at Rs. 21.02 per share to investors upon conversion of their warrants. This action has increased the company's paid-up equity share capital to Rs. 16.88 Crore, now comprising 1.69 Crore equity shares. This strengthens the company's capital base and expands its equity, reflecting the ongoing conversion of previously issued warrants.