Vaxfab enterprises Limited has successfully completed a significant capital raising exercise through the allotment of fully convertible warrants and equity shares on a preferential basis. The Board of Directors approved these allotments during their meeting held on January 12, 2026, marking a substantial fundraising milestone for the Ahmedabad-based company.

Warrant Allotment Details

The company allotted 2,04,04,371 fully convertible warrants to 50 investors at ₹21.02 per warrant. These warrants carry conversion rights within a maximum period of 18 months from the allotment date, allowing holders to convert them into equivalent fully paid-up equity shares of ₹10 face value each.

The warrant allotment includes both individual investors and institutional entities. Major allocations went to entities such as Vintage Diamond LLP (19,02,950 warrants), Sparkling Tradewing LLP (19,98,097 warrants), and Markand Tradeventure LLP (19,55,281 warrants), alongside numerous individual investors.

Equity Share Conversion

Simultaneously, the company allotted 21,27,689 equity shares to 41 investors upon conversion of previously issued warrants. The conversion was executed at the same price of ₹21.02 per share, with investors paying the balance amount of ₹15.765 per warrant (having already paid ₹5.255 at the time of initial warrant allotment).

Notable conversions included Mitesh Dineshbhai Patel and Seema Miteshkumar Patel, who each converted 3,09,229 warrants into equity shares, and Suresh Jethalal Dama, who converted 1,90,294 warrants while retaining one unconverted warrant.

Impact on Share Capital

Following these allotments, Vaxfab Enterprises' paid-up equity share capital increased significantly. The company's total paid-up capital now stands at ₹10,52,76,890, comprising 1,05,27,689 equity shares of ₹10 face value each. The newly allotted equity shares rank pari-passu with existing equity shares, providing equal rights and privileges to all shareholders.

Regulatory Compliance

The allotments were conducted in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company provided comprehensive disclosures including investor details, allotment specifics, and post-allotment shareholding patterns as required under SEBI guidelines. The Board meeting commenced at 8:00 PM and concluded at 8:30 PM on January 12, 2026, with Managing Director Ravindra Ashokbhai Joshi overseeing the proceedings.

Vaxfab Enterprises Limited has announced significant leadership changes following a board meeting held on January 6, 2026. The company has appointed new personnel for critical positions including Company Secretary and Chief Financial Officer, marking important developments in its management structure as disclosed under SEBI regulations.

Board Meeting Outcomes

The Board of Directors convened on January 6, 2026, from 4:30 p.m. to 5:00 p.m., and approved several important appointments and changes in key managerial personnel. The decisions were made based on recommendations from the Nomination and Remuneration Committee, along with the Audit Committee for the CFO position.

New Company Secretary Appointment

Neha Rishabh Bardia has been appointed as Company Secretary and Compliance Officer effective January 6, 2026. Bardia is a Member of the Institute of Company Secretaries of India (ICSI) with membership number ACS-78118.

According to the company's disclosure, Bardia is described as a dedicated and hardworking Company Secretary with enthusiasm for contributing effectively to organizational goals while developing professional skills and experience. She is characterized as detail-oriented with a keen interest in learning and growing in the corporate field.

Chief Financial Officer Changes

Nikhil Kumar Gupta, who is already a Director of the company, has been appointed as Chief Financial Officer effective January 7, 2026. This appointment follows the resignation of Mubshara Mahammadhanif Kachhot from the CFO position.

Professional Background and Resignation Details

Nikhil Kumar Gupta brings a robust academic background in commerce and business management, specializing in finance. His educational qualifications have equipped him with comprehensive insights into financial management, strategic planning, and operational efficiency.

Mubshara Mahammadhanif Kachhot resigned from her position as Chief Financial Officer effective from the closing working hours on January 6, 2026. She cited other professional commitments as the reason for her resignation, stating her pre-occupation with other professional assignments prevented her from devoting adequate time to company affairs. The company has received confirmation from Kachhot that there are no material reasons for her resignation other than those mentioned in her resignation letter.

Regulatory Compliance

All appointments and changes have been made in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided detailed disclosures as required under Regulation 30 and Schedule III of the listing regulations to BSE Limited and The Calcutta Stock Exchange Limited. The regulatory filing was signed by Managing Director Ravindra Ashokbhai Joshi (DIN: 10112296), ensuring transparency in the appointment process and changes in key managerial personnel.