Vaxfab Enterprises Ltd Reports Capital Increase Following Preferential Allotment of Equity Shares
Vaxfab Enterprises Ltd announced a significant increase in its paid-up equity share capital, following the approval of the allotment of equity shares to multiple investors. The board meeting held on April 17, 2026, authorized the company to allot 13,28,861 Equity Shares through a preferential basis.The allotment involves the conversion of existing warrants into fully paid up equity shares. Each share has a face value of Rs. 10/- (Rupee Ten Only), and the shares were allotted at a price of Rs. 21.02/- (Rupees Twenty One and Two Paisa Only). These newly allotted equity shares are set to rank pari-passu with the company's existing equity shares.
The successful allotment resulted in the Paid-up Equity Share Capital of Vaxfab Enterprises Ltd increasing to Rs. 22,20,00,270 /- (Rupees Twenty-two crore twenty lakh two hundred Seventy Only). Consequently, the total paid-up equity share capital now comprises 2,22,00,027 (Two crore twenty-two lakh twenty seven) Equity Shares of face value of Rs. 10/- each.
The allotment details spanned three key investors:
| Investor Name | No. of Warrants Allotted | No. of Warrants Applied for Conversion | No. of Equity Shares Allotted |
|---|---|---|---|
| SPARKLING TRADEWING LLP | 1,998,097 | 101,460 | 101,460 |
| KUSHMANDA TRADELINE LLP | 1,888,677 | 76,117 | 76,117 |
| LANKINI MANAGEMENT CONSULTANCY LLP | 1,931,494 | 1,151,284 | 1,151,284 |
The conversion of warrants into equity shares, which were originally allotted at a rate of Rs. 21.02/- per warrant, saw the company receive a total amount across the three investors. For instance, LANKINI MANAGEMENT CONSULTANCY LLP applied for conversion of 1,151,284 warrants, resulting in the receipt of Rs. 18,149,992.26.
The board meeting commenced at 4:00 P.M. and concluded at 4:30 P.M. on the date of the announcement.
Stock Price Movement
At the close on Friday, Vaxfab Enterprises Ltd. settled at ₹45.47, advancing 2.92% (₹1.29) in shares for the session. Throughout the trading day, the shares showed notable volatility, moving between an intraday low of ₹44.50 and a high of ₹46.81.Source:
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