Vaxtex Cotfab Limited's Board of Directors, in a meeting held on January 20, 2026, approved a significant increase in the company's authorized share capital from ₹19 crore to ₹500 crore. This move aims to facilitate future fundraising through equity issuance. The Board also approved alterations to the main object clause and other clauses of the Memorandum and Articles of Association to align with the company's core business activities. Furthermore, the borrowing powers under Section 180(1)(C) of the Companies Act, 2013, are set to be increased, subject to shareholder approval. In addition, the company will enhance its limits for investments, loans, and guarantees under Section 186 of the Companies Act, 2013, up to ₹500 crore. The board has appointed Mr. Dhiraj Mishra as an Additional Director (Executive Director) effective January 20, 2026. Mr. Mishra brings over a decade of experience in solar project development and clean mobility solutions. The company also approved the draft notice for an Extra Ordinary General Meeting (EGM), which will be held on February 27, 2026, at 04:00 P.M. M/s. Mr. Aakash Goel has been appointed as the Scrutinizer for this EGM. The board meeting commenced at 6:45 P.M. and concluded at 7:55 P.M.
