Vaxfab enterprises Limited has submitted its quarterly compliance certificate under SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026. The filing, dated April 14, 2026, was submitted to BSE Limited and The Calcutta Stock Exchange Limited as part of the company's regulatory compliance obligations.

Regulatory Compliance Details

The certificate was submitted under Regulation 74(5) of Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018. This regulation requires companies to report on dematerialization activities during each quarter.

Certificate Confirmation

Skyline Financial Services Private Limited, serving as the company's Registrar and Share Transfer Agent, issued the confirmation certificate on April 1, 2026. The certificate specifically states that no physical share certificates were received for dematerialization of equity shares during the quarter ended March 31, 2026.

The certificate was signed by Parveen Sharma, Authorised Signatory of Skyline Financial Services Private Limited, and submitted to the company for onward transmission to the stock exchanges.

Company Information

Vaxfab Enterprises Limited operates under CIN L52291GJ1983PLC093146 with its registered office located at Office 304, 305, Scarlet Gateway, B/H Ashwaraj Bunglows, Prahladnagar Corporate Road, Manekbag, Ahmedabad, Gujarat. The company is listed on BSE Limited and The Calcutta Stock Exchange Limited with script code 015064 and security code 542803.

Filing Authorization

The regulatory filing was authorized by Nishant Gandhi, Director of Vaxfab Enterprises Limited (DIN: 09250907), who digitally signed the submission on April 14, 2026. The filing confirms the company's adherence to SEBI's quarterly reporting requirements for depositories and participants.

Vaxfab Enterprises Limited announced its unaudited financial results for the quarter ended December 31, 2025, presenting a mixed performance with standalone operations turning profitable while consolidated results remained in the red. The Board of Directors approved these results at their meeting held on February 14, 2026.

Financial Performance Overview

The company's financial performance for Q3FY26 showed significant variation between standalone and consolidated operations:

Operational Analysis

Revenue from operations for the quarter reached ₹1566.29 lakhs, representing a substantial increase from ₹914.39 lakhs in the corresponding quarter of the previous year for standalone operations. The company's total expenses for standalone operations were ₹1526.98 lakhs compared to ₹1346.33 lakhs in Q3FY24.

The standalone operations achieved a profit before tax of ₹39.31 lakhs, marking a significant turnaround from the loss of ₹418.23 lakhs recorded in the same quarter last year. After accounting for tax expenses of ₹16.36 lakhs, the company reported a net profit of ₹22.98 lakhs.

Consolidated Results

Consolidated operations, which include subsidiary Eklingji Tradelink Private Limited, showed a different picture. Despite similar revenue from operations, the consolidated entity reported a net loss of ₹323.52 lakhs for Q3FY26. Total consolidated revenue was ₹1229.61 lakhs due to negative other income of ₹336.68 lakhs.

Auditor Qualifications

The statutory auditors, Chandabhoy & Jassoobhoy Chartered Accountants, issued qualified opinions on both standalone and consolidated financial results, highlighting several areas of concern:

Key Audit Issues

• Documentation Deficiencies: Inadequate supporting documents for trade receivables and payables, with external confirmations not obtained
• MSMED Compliance: Lack of requisite details for classification of creditors under the Micro, Small, and Medium Enterprises Development Act, 2006
• Employee Benefits: No provision recognized for gratuity liability and absence of actuarial valuation as required under Ind AS 19
• Impairment Assessment: Company has not carried out impairment assessment of financial assets under Expected Credit Loss model prescribed under Ind AS 109
• Loan Documentation: Unsecured loans granted and received without formal agreements or confirmations from parties

Share Capital and EPS

The company maintained its paid-up equity share capital at ₹840.00 lakhs with a face value of ₹1 per share. Basic and diluted earnings per share for standalone operations improved to ₹0.27 from ₹(4.25) in the corresponding quarter of the previous year.

Regulatory Compliance

The financial results were prepared in accordance with Companies (Indian Accounting Standard) Rules, 2015, and comply with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were reviewed by the Audit Committee and subsequently approved by the Board of Directors on February 14, 2026.