Vaxfab Enterprises Limited has made a strategic move by acquiring complete ownership of Eklingji Tradelink Private Limited, marking a significant step in its expansion and diversification plans. The acquisition, valued at ₹27 lakh, involves the purchase of 2,70,000 shares at ₹10 per share through cash consideration.

Acquisition Details

Strategic Implications

The acquisition of Eklingji Tradelink Private Limited aligns with Vaxfab Enterprises' strategy for expansion and diversification. By gaining full control, Vaxfab Enterprises is positioned to leverage Eklingji Tradelink's existing operations and market presence.

Eklingji Tradelink's Business Profile

This acquisition may enhance Vaxfab Enterprises' portfolio in the trading and import-export sectors, particularly in paper, fabrics, and textiles. The move could provide Vaxfab with new revenue streams and market opportunities, leveraging Eklingji Tradelink's established business in these areas.

The transaction's impact on Vaxfab Enterprises' financial position and future performance remains to be seen. Stakeholders will likely be watching closely to observe how this strategic acquisition unfolds and contributes to the company's growth trajectory.

Vaxfab Enterprises Limited (VEL) has announced a change in its statutory auditor. The Board of Directors, in a meeting held on November 14, 2025, accepted the resignation of SSRV & Associates and appointed Chandabhoy & Jassoobhoy as the new statutory auditor, subject to shareholder approval.

Resignation of SSRV & Associates

SSRV & Associates, appointed as the statutory auditor for a five-year term from FY 2022-23 to 2026-27, tendered their resignation citing pre-occupation with other assignments. The firm completed its last obligation to VEL by conducting a limited review for the quarter ended September 30, 2025, with the report submitted on November 13, 2025.

In their resignation letter, SSRV & Associates stated:

"We hereby inform that due to our pre-occupation in other assignments, we are not in the position to devote our time to the affairs of the Company. Accordingly, we are submitting our resignation as the Statutory Auditor of the Company with immediate effect."

The Board noted that there were no other reasons for the resignation beyond those mentioned in the auditor's letter.

Appointment of Chandabhoy & Jassoobhoy

To fill the casual vacancy created by SSRV & Associates' resignation, the Board has appointed Chandabhoy & Jassoobhoy, Chartered Accountants (FRN: 101648W), as the new statutory auditor. This appointment is effective from November 14, 2025, and will continue until the conclusion of the Annual General Meeting to be held in 2026, subject to shareholder approval.

About the New Auditor

Chandabhoy & Jassoobhoy, established in 1908, brings over a century of experience to VEL. The firm offers a comprehensive range of services, including:

• Audit & Assurance (statutory audits, internal audits)
• Accounting, Payroll & Outsourced services for small & medium businesses
• Direct & Indirect Taxation (corporate & individual)
• Corporate Finance, Business Advisory, Foreign Investment & Project Financing
• Company Law & Compliance services

The firm describes itself as "a one-stop shop – a destination that serves all the business and commercial requirements of a client."

Regulatory Compliance

This change in auditor has been disclosed in compliance with clause (7A) of Para A in Part A of Schedule III under Regulation 30(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided all necessary details as required by the regulatory bodies.

Investors and stakeholders should note that this change in statutory auditor is a part of normal corporate governance processes and does not indicate any irregularities or concerns with the company's financial statements or operations.