Board approves raising up to Rs. 45,00,00,000 through a rights issue

Board of Directors approved raising funds via a rights issue of up to Rs. 45,00,00,000 (Rupees Forty five crore).

Thu 1 Oct 2026

Fund Raise Size

up to Rs. 45,00,00,000 (Rupees Forty five crore)

Instrument

Equity shares of face value Rs. 10.00 each on a rights basis

Board Meeting Date

Thursday, 1st October 2026

Pending Decisions

Price and entitlement ratio to be decided by the Board / Rights Issue Committee; record date to be notified

Committee Constituted

Three-member Rights Issue Committee constituted to run the process

What the board approved

The Board of Directors of Vaxfab Enterprises Ltd met on Thursday, 1st October 2026 and approved raising funds through the issuance and allotment of equity shares on a rights issue basis.

The amount involved is up to Rs. 45,00,00,000 (Rupees Forty five crore), and the shares carry a face value of Rs. 10.00 each.

A rights issue means new shares are offered first to the people who already hold the company's shares, in proportion to their existing holding.

The key numbers

• Aggregate amount: Rs. 45,00,00,000 (Rupees Forty five crore)
• Face value per equity share: Rs. 10.00
• Type of issuance: rights issue

What else the board decided

• Approval of the Draft Letter of Offer and other relevant documents for the rights issue, to be shared with BSE Limited.
• Constitution of a Rights Issue Committee made up of Mr. Ravindra Ashokbhai Joshi (Chairman), Mr. Jinang Dineshkumar Shah (Member) and Ms. Juhi Sawajani (Member).
• Authorising that committee to appoint intermediaries and to do all acts and things it considers necessary in connection with the rights issue.

What is still open

The price of the issue and the entitlement ratio, that is how many new shares a shareholder is entitled to for each share already held, are to be decided by the Board of Directors or the duly constituted Rights Issue Committee.

The record date is to be notified subsequently. Only shareholders holding shares as on that record date will be eligible to participate.

The proposal is subject to the receipt of applicable regulatory and statutory approvals.

How to think about it

A rights issue gives existing shareholders the first opportunity to subscribe to new shares, usually so that their share of the company is not reduced if they choose to participate. Because the price and the entitlement ratio are yet to be decided, the two figures that determine how much a shareholder would need to pay, and how many shares would be issued, are not available at this stage.

Shareholders may note the record date once notified, since eligibility depends on holding shares on that date. The company has also stated that the issue is subject to applicable approvals, so the process moves forward only as those approvals come through.

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