Vaxtex Cotfab : Stock split

To,							Date:	th
							26 December, 2022
The Manager,
Listing Department,
National Stock Exchange Limited
"Exchange Plaza", C-1, Block G,
Bandra-Kurla Complex,
Bandra (East),
Mumbai - 400 051
Dear Sir / Madam,					th	December, 2022
Subject: Outcome of Board Meeting held today i.e. 26
			Ref: Security Id: VCL / Series: SM
Pursuant to second proviso to Regulation 30(6) of SEBI (Listing Obligations and Disclosure
Requirements) Regulations,th2015, we hereby inform you that the Board of Directors in their
meeting held today i.e. 26	December, 2022 at the Registered Office of the Company which
commenced at 4:00 P.M. and concluded at 6:30 P.M. inter-alia has:
1. Considered and approved the Split / Sub-division of Equity Shares of the Company from
face value of Rs. 2/- each to face value of Re. 1/- each subject to the approval of Members of
the Company. The record date for the Split / Sub-division of Equity Shares will be intimated
	SEBI Circular No. CIR/CFD/CMD/4/2015 dated S ptember 9, 2015
in due course. Other requisite details regarding the Split / Sub-division of Equity Shares in
terms of		A nexure - 1.						is attached
herewith as
2. Recommended alteration of Capital clause i.e. Clause V of the Memorandum of Association
of the Company pursuant to the aforesaid Split / Sub-division of Equity Shares, subject to
the approval of the Members of the Company in the General Meeting.
3. Raising of funds upto Rs. 12.00 Crores by way of issue of new Equity Shares through
Preferential allotment to Non-Promoters (Individual) for cash, as per Chapter V of SEBI
(ICDR) Regulations, 2018.
4. Raising of funds upto Rs. 12.00 Crores by way of issue of new Equity Shares through
Preferential allotment against trade payables for consideration other than cash, as per
Chapter V of SEBI (ICDR) Regulations,th	2018.
5. As per request letter dated 20	December, 2022 received from Ms. Kresha Gupta and Mr.

Sanjaykumar Agrawal for reclassification of their status from Promoter / Promoter Group to Public Category.

In accordance with regulation 31A of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 (the Listing Regulations) the Board of Directors of the Company at its meeting held today had analyzed considered and then approved the request received from the following persons belonging to Promoter and Promoter Group to reclassify their status from Promoter category to Public category subject to approval of the shareholders in General Meeting and subject to approval of concern stock exchange in terms of regulation 31A of the listing regulations.

The details of the above referred persons and their shareholding is as under:

	Sr. No.			Name of Promoter		No. of	Shareholding
						Shares*	(%)
	1.		Kresha Kailash Gupta		30955	0.06
	* Post 2.		Sanjaykumar P. Agrawal	of	91510	0.18
6. Decided	to holdst	Extra Ordinary General Meeting	the Members	of the Company on
	sub-	ivision of Equity Sha es, the number of shares will increase but the % of shareholding will r main same

Wednesday, 1 February, 2023 at 3:00 P.M.

Kindly take the same on your record and oblige us.

Thanking You.

For, Vaxtex Cotfab Limited

MITHLESHKUM AR MULCHAND AGRAWAL

Digitally signed by

MITHLESHKUMAR MULCHAND AGRAWAL Date: 2022.12.26 18:33:40 +05'30'

Mithleshkumar Agrawal

Managing Director

DIN: 03468643

Annexure - 1

Details of Split / Sub-division of shares - Regulation 30 of SEBI (LODR) Regulations, 2015

read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015:

. Split / Consolidation ratio:

1 (One) Equity Share of face value of Rs. 2/- each will be sub divided / split into 2 (Two) Equity Shares of face value of Re. 1/- each.

2. Ratioenhanceale behind the Split / Consolidation:

To the liquidity of equity shares in the capital market with higher floating stocks, widen shareholder base and make the equity shares affordable to the small investors.

3. Pre and post share capital - Authorised, paid-up and subscribed:

Particulars	Pre-sub division of Equity Shares	Post-sub division of Equity Shares
	No.	of	Face	Total	Share	No.	of	Face	Total	Share
	shares		Value	Capital	(in	shares		Value	Capital	(in
			(in	Rs.)				(in	Rs.)
			Rs.)					Rs.)
Authorised	8,50,00,000	2/-	17,00,00,000/-	17,00,00,000	1/-	17,00,00,000/-
Share
Capital
Issued,	5,01,95,815	2/-	10,03,91,630/-	10,03,91,630	1/-	10,03,91,630/-
Subscribed
and Paid-up
share
capital

4. Expected time of completion:

Within 6 months from the date of approval by the shareholders at their Extra Ordinary General Meeting schedule to be held on Wednesday, 1st February, 2022.

5. Class of shares which are consolidated or sub-divided:

Equity shares of face value of Rs. 2/- each are proposed to be sub-divided (split) into equity shares of face value of Re. 1/- each.

6. Number of shares of each class pre and post-split / consolidation:

Particulars	Pre-sub division of Equity Shares	Post-sub division of Equity Shares
	No.	of	Face	Total	Share	No.	of	Face	Total	Share
	shares		Value	Capital	(in	shares		Value	Capital	(in
			(in	Rs.)				(in	Rs.)
			Rs.)					Rs.)
Authorised	8,50,00,000	2/-	17,00,00,000/-	17,00,00,000	1/-	17,00,00,000/-
Share
Capital
Issued,	5,01,95,815	2/-	10,03,91,630/-	10,03,91,630	1/-	10,03,91,630/-
Subscribed
and Paid-up
share
capital

7. Number of shareholders who did not get any shares in consolidation and their pre- consolidation shareholding:

Not Applicable.