Vaxfab Enterprises Ltd Plans ₹45 Cr Rights Issue

Vaxfab Enterprises Ltd announced its Board of Directors has approved a Rights Issue to raise funds up to ₹45 crore. The issue will involve the issuance and allotment of equity shares with a face value of ₹10 each to eligible existing shareholders. The specific terms, price, and entitlement ratio will be determined by the Board or a Rights Issue Committee. The company will file a Draft Letter of Offer with BSE Limited. A Rights Issue Committee has been constituted to oversee the process, including appointing intermediaries and managing all necessary actions for the successful completion of the issue, subject to regulatory approvals.