Vaxfab Enterprises reported a standalone profit after tax (PAT) of ₹363.80 lakh for the financial year ended March 31, 2026, a significant increase from ₹33.72 lakh in the previous year. The board approved a rise in authorized share capital to ₹50 crore and scheduled the 43rd annual general meeting for September 29, 2026.

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.

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.

Vaxfab Enterprises has incorporated a wholly owned subsidiary in the United Arab Emirates to expand its international trading and consulting footprint. The new entity, named Al Rafa Enterprise FZ-LLC, was registered on August 6, 2026, under the Ras Al Khaimah Economic Zone Authority. This move positions the company to engage directly in cross-border trade for seeds, packaging materials, and plastic raw materials, while also offering information technology consultancy services from a strategic Gulf hub.

The intimation was filed on August 11, 2026, with the Bombay Stock Exchange and the Calcutta Stock Exchange under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The delay in filing was attributed to the late receipt of the Certificate of Incorporation and other legal documents from the UAE authorities. The disclosure complies with Schedule III of the SEBI Listing Regulations and relevant SEBI Master Circulars dated November 11, 2024, and December 31, 2024.

Al Rafa Enterprise FZ-LLC is structured as a free zone company, allowing it to conduct lawful business activities within the designated area of the Ras Al Khaimah Economic Zone. The subsidiary’s license permits it to exercise all necessary legal actions to realize its business objects. As a newly incorporated entity, it has not yet commenced business operations, and therefore, no turnover or size metrics are currently applicable. The establishment does not involve any related party transactions, nor do promoters or group companies hold any separate interest in the entity beyond Vaxfab’s 100% stake.

The initial capital for the subsidiary is provided in cash by Vaxfab Enterprises. The cost of acquisition is structured at AED 1,000 per share. Vaxfab holds 100% of the shares, ensuring complete control over the subsidiary’s strategic direction and operational decisions. No governmental or regulatory approvals beyond the initial incorporation were required for this acquisition.

Subsidiary Details

Business Scope

The subsidiary is licensed to operate across multiple trading and service verticals. The primary activities include:

• Seeds Trading
• Packing & Packaging Materials Trading
• Plastic & Nylon Raw Materials Trading
• Information Technology Consultants
• General Trading

This diversified mandate allows the subsidiary to source and distribute essential agricultural inputs and industrial materials while leveraging IT expertise to support operational efficiency. The inclusion of general trading provides flexibility to adapt to market opportunities within the free zone regulations.

Strategic Implications

The incorporation of Al Rafa Enterprise FZ-LLC marks Vaxfab Enterprises’ entry into the UAE market, a key gateway for trade between Asia, Africa, and Europe. By establishing a local presence, the company can mitigate logistical challenges and reduce transaction costs associated with importing seeds and packaging materials. The addition of IT consulting services suggests an intent to integrate technology solutions into its supply chain or offer value-added services to clients in the region. As the subsidiary begins operations, it may enhance Vaxfab’s revenue diversification and strengthen its position in the global agri-inputs and packaging sectors.