Vaxtex Cotfab Limited — Capital/Financing Update 2023

Jun 7, 2023

Vaxtex Cotfab Limited

CIN: L51109GJ2005PLC076930

V[AXTEX COTFAB LIMITED]

Suiting & Shirting Fabrics

==> picture [11 x 14] intentionally omitted <==

J-03 (GF to 4th Floor) Tejendra Arcade, Nr. Ganjifarak Mill Compound, Nr. Rakhial Char Rasta, Rakhial, Ahmedabad-380023, Gujarat, India.

==> picture [8 x 15] intentionally omitted <==

+9195376 69940

vaxtexcotfab@gmail.com www.vaxtexcotfabltd.com

==> picture [13 x 10] intentionally omitted <==

==> picture [12 x 12] intentionally omitted <==

Date: 7[th] June, 2023

To, National Stock Exchange of India Limited “Exchange Plaza”, C-1, Block G, Bandra-Kurla Complex, Bandra (East), Mumbai – 400 051.

Dear Sir / Madam,

Sub: Outcome of Board Meeting held today i.e. 7[th] June, 2023 Ref: Security Id: VCL / Series: EQ

Pursuant to second proviso to Regulation 30(6) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that a meeting of the Board of Directors of the Company held today i.e. Wednesday, 7[th] June, 2023 at the Registered Office of the Company which commenced at 4:00 P.M. and concluded at 5:40 P.M., inter-alia has considered and approved the alteration in issue of Equity Shares on Rights (Rights Issue). The brief term of alteration in the Rights Issue is approved by the Board attached herewith as Annexure – 1 .

Kindly take the same on your record and oblige us.

Thanking You.

For, Vaxtex Cotfab Limited

MITHLESHKU Digitally signed by MITHLESHKUMAR MAR MULCHAND MULCHAND AGRAWAL Date: 2023.06.07 AGRAWAL 17:57:38 +05'30'

Mithleshkumar Agrawal Managing Director DIN: 03468643

==> picture [154 x 102] intentionally omitted <==

CIN: L51109GJ2005PLC076930

Vaxtex Cotfab Limited

V[AXTEX COTFAB LIMITED]

Suiting & Shirting Fabrics

==> picture [11 x 14] intentionally omitted <==

J-03 (GF to 4th Floor) Tejendra Arcade, Nr. Ganjifarak Mill Compound, Nr. Rakhial Char Rasta, Rakhial, Ahmedabad-380023, Gujarat, India.

==> picture [8 x 15] intentionally omitted <==

+9195376 69940

vaxtexcotfab@gmail.com www.vaxtexcotfabltd.com

==> picture [13 x 10] intentionally omitted <==

==> picture [12 x 12] intentionally omitted <==

Annexure – I

	Sr. No.	Sr. No.	Particulars	Details	Details	Details
	1.		Details of the securities	Fully paid-up equity shares of Re. 1/-each
	2.		Type of issue	Rightsissue ofequity shares
	3.		Equity shares offered throughthe issue	6,31,45,050 Equity Shares*
	4.		Face value per equity share	Re. 1.00/-
	5.		Issue price per equity share	Rs. 2.50/-
	6.		Right entitlement ratio	1 Equity share for every 2 Equity shares held bythe eligible Equity shareholders in the Companyas on record date with the right announce
	7.		Outstandingequitysharesbeforerightissue	12,62,90,100 Equity shares of Re. 1/- each
	8.		Outstandingequitysharespost rights issue	18,94,35,150 Equity shares of Re. 1/- each
			(assuming fully subscription)
		9.	Terms of Payment	Full amou	nt of Rs. 2.50/- per Equity share	is
				payable o	n application by eligible shareholders
*****Equity s		hares which are offered through the rights issue are			Maximum no. of shares that will be is
The deta		iled terms of the Rights Issue including the proced			ure for the Rights Issue will be speci

***** Equity shares which are offered through the rights issue are Maximum no. of shares that will be issued.

The detailed terms of the Rights Issue including the procedure for the Rights Issue will be specified in the Letter of Offer which will be sent by the Company to the eligible shareholders holding Equity Shares of the Company as on the Record Date in due course.

Digitally signed MITHLESHK by UMAR MITHLESHKUMAR MULCHAND MULCHAND AGRAWAL AGRAWAL Date: 2023.06.07 17:58:01 +05'30'