Vaxfab enterprises has announced the successful allotment of 12,62,229 equity shares through warrant conversion, marking a significant capital expansion for the Gujarat-based company. The board meeting held on April 7, 2026, approved the conversion of warrants into fully paid-up equity shares at Rs. 21.02 per share.

Warrant Conversion Details

The allotment involved the conversion of outstanding equity share warrants issued through preferential allotment to three institutional investors. Each warrant carried the right to subscribe to one equity share upon payment of Rs. 21.02, structured as Rs. 5.255 at the time of warrant allotment and Rs. 15.765 at conversion.

Investor-wise Allocation

The warrant conversion was completed by three Limited Liability Partnerships with varying conversion rates:

Vintage Diamond LLP and Markand Tradeventure LLP converted all their eligible warrants, while Sparkling Tradewing LLP retained 101,460 warrants for potential future conversion.

Impact on Share Capital

Following the warrant conversion, Vaxfab Enterprises' financial structure has been strengthened significantly. The paid-up equity share capital increased to Rs. 20,87,11,670, comprising 2,08,71,167 equity shares of Rs. 10 face value each. The newly allotted shares rank pari-passu with existing equity shares, providing equal rights and privileges to the new shareholders.

Regulatory Compliance

The allotment was conducted in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The board meeting commenced at 5:00 PM and concluded at 5:30 PM on April 7, 2026, with Managing Director Ravindra Ashokbhai Joshi overseeing the proceedings. The company has duly informed BSE Limited and The Calcutta Stock Exchange Limited about the warrant conversion outcome.

Vaxfab enterprises Limited has successfully completed the allotment of 27,33,903 equity shares upon conversion of warrants, as approved by its Board of Directors on March 17, 2026. The allotment was executed at a price of Rs. 21.02 per share on a preferential basis to four institutional investors.

Allotment Details

The company allotted equity shares with a face value of Rs. 10 each, fully paid up upon conversion of warrants into equity shares. The newly allotted shares rank pari-passu in all respects with the existing equity shares of the company.

Impact on Share Capital

Following this allotment, the company's paid-up equity share capital has increased significantly. The total paid-up capital now stands at Rs. 19,60,89,380, comprising 1,96,08,938 equity shares of Rs. 10 face value each.

Warrant Conversion Structure

The warrants carried conversion rights allowing holders to subscribe to one equity share per warrant. The total consideration of Rs. 21.02 per warrant was paid in two tranches - Rs. 5.255 at the time of warrant allotment and Rs. 15.765 at conversion.

Regulatory Compliance

The allotment was conducted in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The warrants had a tenure not exceeding 18 months from the date of original allotment, providing flexibility to investors for conversion timing.

The Board meeting for approving this allotment commenced at 1:30 PM and concluded at 1:50 PM on March 17, 2026, demonstrating efficient decision-making processes.