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.

Vaxfab enterprises Limited has completed a significant equity allotment through warrant conversion, strengthening its capital base. The Board of Directors approved the allotment of 26,86,268 equity shares at its meeting held on 13th February, 2026, marking an important milestone in the company's capital structure expansion.

Allotment Details and Pricing Structure

The company allotted equity shares of face value Rs. 10 each at a price of Rs. 21.02 per share through warrant conversion on a preferential basis. The warrant holders had initially paid Rs. 5.255 at the time of warrant allotment and paid the remaining Rs. 15.765 at the time of conversion into equity shares.

Impact on Share Capital

Following this allotment, the company's paid-up equity share capital has increased substantially. The newly allotted equity shares rank pari-passu in all respects with the existing equity shares of the company.

Investor Participation and Conversion Details

The warrant conversion involved 12 investors with varying levels of participation. Major conversions included Balmukund Tradelink Private Limited converting 805,582 warrants for Rs. 12,700,000, and Markand Tradeventure LLP converting 634,317 warrants for Rs. 10,000,000.

Notable individual participants included:

• Ashish Lakhiram Agrawal: Converted all 142,721 warrants
• Vipul Patel: Converted 31,717 out of originally allotted 47,574 warrants
• Gohel Falgunkumar Dhanjibhai: Converted 150,650 warrants for Rs. 2,375,000

Regulatory Compliance and Documentation

The allotment was conducted in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board meeting commenced at 1:00 PM and concluded at 1:20 PM on 13th February, 2026, with proper documentation submitted to BSE Limited and The Calcutta Stock Exchange Limited.

The company has fulfilled all disclosure requirements under SEBI LODR regulations, ensuring transparency in the warrant conversion process and maintaining regulatory compliance throughout the allotment procedure.