Vaxtex Cotfab Board Approves Promoter Reclassification Request

Vaxtex Cotfab Limited announced the outcome of its Board of Directors meeting held on Wednesday, December 24, 2025. The meeting commenced at 4:00 p.m. and concluded at 5:50 p.m. at the company's regis...

Vaxtex Cotfab Limited announced the outcome of its Board of Directors meeting held on Wednesday, December 24, 2025. The meeting commenced at 4:00 p.m. and concluded at 5:50 p.m. at the company's registered office. During the meeting, the Board considered and approved requests received from Mr. Khushant Gupta, Mr. Mithleshkumar Agrawal, M/S Qmin Industries Limited, and M/S Vax Enterprises Private Limited. These entities have requested a reclassification of their status from the Promoter category to the Public category. This reclassification is subject to the approval of the National Stock Exchange of India Limited. An extract of the resolution passed by the Board of Directors, detailing the approval of these reclassification requests and their views on the matter, has been enclosed as an annexure to the announcement.

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Why is Vaxtex Cotfab Limited in the news today?

Vaxtex Cotfab Limited (VCL) is in the news due to the announcement details a procedural outcome of a board meeting regarding reclassification of shareholders. while it's a disclosed event, it does not inherently carry positive or negative financial implications without further context or approval.

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Vaxtex Cotfab LimitedVCLhttps://prysm.fi/v2/analyze/VCL

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Vaxtex Cotfab Board Approves Promoter Reclassification Request

December 24, 2025, 12:37 PM

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Vaxtex Cotfab Limited announced the outcome of its Board of Directors meeting held on Wednesday, December 24, 2025. The meeting commenced at 4:00 p.m. and concluded at 5:50 p.m. at the company's registered office.

During the meeting, the Board considered and approved requests received from Mr. Khushant Gupta, Mr. Mithleshkumar Agrawal, M/S Qmin Industries Limited, and M/S Vax Enterprises Private Limited. These entities have requested a reclassification of their status from the Promoter category to the Public category. This reclassification is subject to the approval of the National Stock Exchange of India Limited.

An extract of the resolution passed by the Board of Directors, detailing the approval of these reclassification requests and their views on the matter, has been enclosed as an annexure to the announcement.

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