Vaxfab Enterprises held its 43rd Annual General Meeting on September 29, 2026, in Ahmedabad. The meeting focused on adopting the company's audited financial statements for the fiscal year ended March 31, 2026.

Shareholders approved the adoption of both standalone and consolidated financial statements. The Board of Directors' report and the Auditors' report were also taken as read during the proceedings.

Key Resolutions Passed

The following ordinary resolutions were passed by the members:

1. Adoption of Financial Statements: Approval of the audited standalone and consolidated financial statements for FY26, along with the Board's Report and Auditors' Report.
2. Reappointment of Managing Director: Mr. Ravindra Ashokbhai Joshi was reappointed as Managing Director. He retires by rotation and offered himself for re-appointment.
3. Appointment of Statutory Auditor: M/s. Chandabhoy & Jassobhoy, Chartered Accountants, were appointed as the Statutory Auditor of the company.
4. Increase in Authorised Share Capital: The resolution to increase the authorised share capital and alter the capital clause of the Memorandum of Association was approved.

Meeting Proceedings

The meeting commenced at 12:00 pm and concluded at 12:30 pm. It was chaired by Mr. Nishant Subhashchandra Gandhi, Chairman and Director. Ms. Neha Rishabh Bardia, Company Secretary & Compliance Officer, welcomed the members and outlined the voting procedures.

Remote e-voting facilities were provided through NSDL from September 26 to September 28, 2026. Members present at the physical meeting also cast their votes via ballot papers. CS Shubhangi Agarwal of A. Shubhangi & Associates served as the scrutinizer for the voting process.

Vaxfab Enterprises has scheduled its 43rd Annual General Meeting for Tuesday, September 29, 2026. The company also reported a standalone profit after tax (PAT) of ₹363.80 lakh for FY26, a significant increase from ₹33.72 lakh in the previous year.

The board approved a rise in authorized share capital to ₹50 crore. The meeting will focus on corporate governance updates, including the reappointment of Managing Director Ravindra Ashokbhai Joshi and the appointment of M/s. Chandabhoy & Jassoobhoy as statutory auditors.

Financial Performance

Standalone revenue from operations grew to ₹9,410.75 lakh in FY26, compared to ₹5,867.10 lakh in FY25. Total revenue stood at ₹9,959.59 lakh, driven by other income of ₹548.84 lakh, which rose sharply from ₹70.56 lakh in the prior year.

Consolidated figures showed a net loss of ₹4,630.84 lakh for FY26, contrasting with a profit of ₹33.72 lakh in FY25. Consolidated revenue from operations was ₹13,126.91 lakh.

Capital Structure Adjustment

The company increased its authorized share capital by ₹15 crore. The revised structure details are as follows:

The number of preference shares remains unchanged at 3 lakh units. The entire increase in authorized capital comes from the equity share component, adding 1.5 crore potential equity shares to the company's ceiling.

Annual General Meeting Details

The board scheduled the 43rd annual general meeting for Tuesday, September 29, 2026, at 12:00 pm. The meeting will be held at the registered office in Ahmedabad, Gujarat. The notice was published in Financial Express on September 9, 2026.

Key logistical details include:

• Remote e-voting facility available from September 26, 2026, at 9:00 am to September 28, 2026, at 5:00 pm.
• Cut-off date for voting eligibility is September 22, 2026.
• Mrs. Shubhangi Rajkumar Agarwal appointed as scrutinizer for the venue voting process.

Members holding shares in dematerialized form as on the cut-off date may cast votes through the remote e-voting system or via ballot paper at the AGM.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE560T01015/c5e2be76-574e-4923-80f4-f5830be932e2.pdf