Vaxfab Enterprises Ltd Allots Equity Shares of Company Following Warrant Conversion
Vaxfab Enterprises Ltd announced that its Board of Directors approved the allotment of Equity Shares to investors following the conversion of warrants into fully paid up equity shares on a preferential basis. The board meeting regarding this transaction was held on April 7, 2026.The allotment involved 12,62,229 Equity Shares of the Company, each having a face value of Rs.10 and being issued at a price of Rs. 21.02 per share. These shares are fully paid up upon the conversion of warrants into fully paid up equity shares. The warrants convert into equity shares on a preferential basis to the specified investor(s).
The Equity Shares allotted upon the exercise of the warrant conversion will rank pari passu in all respects with the existing Equity Shares of the Company.
Consequent to this allotment, the Paid-up Equity Share Capital of Vaxfab Enterprises Ltd increased to Rs. 20,87,11,670, comprising 2,08,71,167 Equity Shares, each with a face value of Rs. 10.
The conversion details, including the number of warrants applied for and shares allotted, are summarized below:
| Investor Name | No. of Warrants Allotted | Nos. of Warrants Applied for Conversion | No. of Equity Shares Allotted |
|---|---|---|---|
| VINTAGE DIAMOND LLP | 1902950 | 443992 | 443992 |
| SPARKLING TRADEWING LLP | 1998097 | 247383 | 247383 |
| MARKAND TRADEVENTURE LLP | 1955281 | 570854 | 570854 |
The allotment of securities was classified as Equity Shares issued upon the exercise of outstanding Equity Share Warrants by the Warrant Holder, resulting from a Preferential Allotment. The warrants carried a right to subscribe to 1 Equity Share per warrant, with the conversion price noted as Rs. 21.02 per warrant.
The Board Meeting commenced at 5.00 P.M. and concluded at 5.30 P.M.
Stock Price Movement
At the close of trade today, Vaxfab Enterprises Ltd settled at ₹43.97, finishing the day up 3.09%. During the session, the shares navigated a range, trading between a low of ₹42.60 and a high of ₹46.79.Source:
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