Vaxfab Enterprises Ltd Allots 19.50 Lakh Equity Shares Via Preferential Allotment
Vaxfab Enterprises Ltd announced on May 11, 2026, that its Board of Directors approved the allotment of equity shares through the conversion of warrants. The capital increase was structured as a preferential allotment to several investors.During the board meeting held on May 11, 2026, the company approved the allotment of 19,50,348 Equity Shares of face value of Rs. 10/- (Rupee Ten Only) each. These shares are fully paid up and resulted from the conversion of existing warrants into fully paid up equity shares. The allotment occurred on a preferential basis to the specified investors.
The total allotment price for the shares was set at Rs. 21.02/- (Rupees Twenty One and Two Paisa Only) per share.
This corporate action significantly updated the company’s capital structure. Following the allotment, the Paid-up Equity Share Capital of Vaxfab Enterprises Ltd increased to Rs. 25,46,89,250 /- (Rupees Twenty-five crore forty-six lakh eighty-nine thousand two hundred fifty Only). This capital now comprises 2,54,68,925 Equity Shares, each with a face value of Rs. 10/-. The shares issued through the conversion of warrants are noted to rank pari passu in all respects with the company's existing equity shares.
The allotment was made to six investors. Details concerning the warrants, applications, and shares allotted to each investor are provided below:
| Sr. No. | Name of Investor | No. of Warrants Allotted | Nos. of Warrants applied for conversion | No. of equity shares allotted, upon conversion/ exchange of Warrants |
|---|---|---|---|---|
| 1 | SANJAY VINODBHAI CHAUHAN | 713606 | 627973 | 627973 |
| 2 | DEVANG JANI | 523311 | 523311 | 523311 |
| 3 | GOPI DARSHAN MEHTA | 95147 | 53917 | 53917 |
| 4 | DHARA RONAK BHUT | 237869 | 158580 | 158580 |
| 5 | MNTRADING | 237869 | 47512 | 47512 |
| 6 | ASHWINKUMA R DANABHAI CHAUHAN | 237869 | 69775 | 69775 |
Stock Price Movement
As of 09:30, Vaxfab Enterprises Ltd shares are ticking down, currently trading at ₹49.00, reflecting a drop of 1.90%. The stock has seen movement throughout the morning session, fluctuating between an intraday high of ₹50.48 and a low of ₹49.00.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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