Vaxtex Cotfab promoter seeks reclassification to public category
Vaxtex Cotfab Limited disclosed that Mrs. Bharti Kailash Gupta has requested reclassification from the promoter group to the public category. Gupta holds 0.40% of the company's paid-up share capital. The reclassification is contingent upon compliance with SEBI LODR Regulations.

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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:
| Sr. No. | Name of Promoter group seeking Reclassification | Category | No. of Shares | Percentage of Holding |
|---|---|---|---|---|
| 1 | Mrs. Bharti Kailash Gupta | Promoter group | 737910 | 0.40% |
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.
Historical Stock Returns for Vaxtex Cotfab
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.01% | +1.01% | -25.93% | -53.70% | -14.53% | -61.69% |
How will this reduction in promoter group holding impact Vaxtex Cotfab's free float and potential eligibility for increased institutional investment?
Could this move signal a broader trend of other promoter group members seeking to reduce their formal association with the company?
What effect will the reclassification have on the company's compliance with minimum public shareholding requirements under SEBI regulations?




























