
Corporate Action17 Aug 2026, 04:40 pm
Vaxfab Enterprises Allots 8.26 Lakh Equity Shares on Warrant Conversion
AI Summary
Vaxfab Enterprises Ltd announced the allotment of 8,26,761 equity shares, each with a face value of ₹10, at a price of ₹21.02 per share. This allotment is a result of the conversion of warrants into fully paid-up equity shares on a preferential basis. The conversion has increased the company's paid-up equity share capital to ₹25,82,64,060, comprising 2,58,26,406 equity shares. The newly allotted shares will rank pari-passu with the existing equity shares. The Board of Directors approved this allotment during their meeting held on August 17, 2026.
Key Highlights
- 8,26,761 equity shares allotted upon warrant conversion.
- Allotment price fixed at ₹21.02 per share.
- Paid-up equity capital increased to ₹25.83 crore.
- New shares rank pari-passu with existing shares.
- Board approved the allotment on August 17, 2026.
Price Impact
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