The Board of Directors of Vaxtex Cotfab Limited convened a meeting on Wednesday, July 29, 2026, at its registered office in Ahmedabad, commencing at 4:30 P.M. and concluding at 5:00 P.M. During the meeting, the board unanimously approved the reclassification of Mrs. Bharti Kailash Gupta from the 'Promoter Group' category to the 'Public' category, subject to the approval of the National Stock Exchange of India Limited (NSE). The company had already made the necessary disclosure to NSE in this regard on July 21, 2026, the date on which the request letter and undertaking from Mrs. Gupta were received.

Reclassification Details

The reclassification pertains to Mrs. Bharti Kailash Gupta, a member of the promoter group of Vaxtex Cotfab Limited. The key details of the reclassification are presented below:

Regulatory Framework and Conditions

The reclassification has been processed in accordance with Regulation 31A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. As the promoter group member, along with persons related to her, does not hold more than 1% of the total voting rights in the company, no shareholder approval is required under the proviso to Regulation 31A(3)(a)(vi).

The board noted that Mrs. Gupta, as the outgoing promoter group member, has confirmed the following conditions as required under Regulation 31A(3)(b) of the Listing Regulations:

• Does not hold more than 10% of paid-up equity share capital or total voting rights in the company
• Does not exercise control over the affairs of the company, directly or indirectly
• Does not hold any special rights through formal or informal arrangements, including any shareholder agreement
• Does not hold any position on the Board of Directors or as a nominee director
• Does not act in any Key Managerial Personnel position in the company
• Has not been declared a wilful defaulter as per Reserve Bank of India guidelines
• No regulatory action is pending
• Is not a fugitive economic offender

Company Confirmations

Pursuant to Regulation 31A(3)(c) of the Listing Regulations, the board also confirmed the following with respect to the company:

• The company's pre and post reclassification shareholding will remain compliant with the minimum public shareholding requirement under Regulation 38 of the Listing Regulations
• Trading in the company's shares has not been suspended by NSE
• The company has no outstanding dues to SEBI, NSE, or depositories

Post-Approval Process

Upon receipt of NSE's approval for the reclassification, the company will reflect the change in its Statement of Shareholding Pattern from the immediate succeeding quarter under Regulation 31 of the Listing Regulations. The board has authorized the directors of the company, severally, to undertake all necessary acts, filings, and documentation required to give effect to the reclassification, including making applications to NSE and executing all relevant documents.

Vaxtex Cotfab Limited has received a request from Mrs. Bharti Kailash Gupta, a member of the promoter group, to reclassify her status to the public category. The request, dated July 21, 2026, was submitted in accordance with Regulation 31A of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. This move alters the shareholding structure of the company as the individual seeks to reduce her formal association with the promoter group.

Gupta currently holds 7,37,910 equity shares, which constitute 0.40% of the paid-up share capital of Vaxtex Cotfab Limited. The reclassification is subject to her confirming that she, along with her immediate relatives, does not hold more than 10% of the paid-up equity share capital or voting rights in the company. Additionally, she certified that she does not exercise control over the affairs of the company directly or indirectly.

The applicant confirmed that neither she nor her immediate relatives hold any position on the Board of Directors or occupy Key Managerial Personnel roles within the company. She also affirmed the absence of any special rights through formal or informal arrangements, including shareholder agreements. The declarations further state that she is not a willful defaulter as per Reserve Bank of India guidelines, nor a fugitive economic offender, and that no regulatory action is pending against her.

To maintain the reclassified status, Gupta agreed to comply with specific conditions outlined in Regulation 31A(3) of the SEBI LODR Regulations. She must adhere to these conditions at all times; failure to do so will result in her being reclassified back to the promoter group category. Furthermore, she is required to comply with additional conditions for a period of not less than three years from the date of reclassification.

The following table details the shareholding of the promoter group member seeking reclassification:

The company has submitted the necessary intimation to the National Stock Exchange of India Limited, enclosing a copy of the request letter and the undertaking provided by the shareholder.