Vaxtex Cotfab Limited

VAXTEX COTFAB LIMITED CIN: L51109GJ2005PLC076930 Regd. Office: J-03 (GF to 4[th] Floor) Tejendra Arcade, Nr. Ganjifarak Mill Compound, Nr. Rakhial Char Rasta, Rakhial, Ahmedabad-380023 E-mail: [email protected]

Date: 15[th] May, 2023

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

Dear Sir / Madam,

Sub: Outcome of Board Meeting held today i.e. 15[th] May, 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 the Board of Directors in their meeting held today i.e. 15[th] May, 2023 at the Registered Office of the Company which commenced at 4:00 P.M. and concluded at 6:00 P.M. inter-alia has:

Considered and approved issue of 4,35,48,310 Equity Shares of face value of Re. 1/- at issue price of Rs. 2/- per equity share including premium of Re. 1/- per equity share aggregating to Rs. 8,70,96,620/- to all the existing members of the Company on rights (‘Rights Issue’). The brief term of Rights Issue is approved by the Board is attached herewith as Annexure – I.
Considered and approved the formation of a committee of Directors to decide matters relating to the Rights Issue (“Rights Issue Committee”) which includes, inter alia, to decide or alter the treatment to be given to fractional entitlements, if any to make any applications to the regulatory authorities as may be required, determine the terms and conditions of the Right Issue including structure and timing of the issue.
Considered and approved appointment of Ms. Vinita Keswani as the Company Secretary and Compliance Officer of the Company w.e.f. 15[th] May, 2023. The details required under Regulation 30 of SEBI (LODR) Regulations, 2015 and the SEBI Circular CIR/CFD/CMD/4/2015 dated September 9, 2015, are attached herewith as Annexure - II.

Kindly consider the same and oblige us.

For, Vaxtex Cotfab Limited

MITHLESHKU Digitally signed by MITHLESHKUMAR MAR MULCHAND MULCHAND AGRAWAL Date: 2023.05.15 AGRAWAL 18:11:10 +05'30' Mithleshkumar Agrawal Managing Director DIN: 03468643

CIN: L51109GJ2005PLC076930

Regd. Office: J-03 (GF to 4[th] Floor) Tejendra Arcade, Nr. Ganjifarak Mill Compound, Nr. Rakhial Char Rasta, Rakhial, Ahmedabad-380023 E-mail: [email protected]

Annexure – I

Sr. No.	Particulars	Details
1.	Details ofthe securities	Fully paid-up equity shares of Re. 1/-each
2.	Type of issue	Rightsissue ofequity shares
3.	Equity shares offered through the issue	4,35,48,310 Equity Shares*
4.	Face value per equity share	Re. 1/-
5.	Issue price per equity share	Rs. 2/-
6.	Right entitlement ratio	10 Equity shares for every 29 Equity shares held by the eligible Equity shareholders in the Company as on record date with the right announce
7.	Outstanding equity shares after preferential issue but beforerightissue	4,35,48,310 Equity shares of Re. 1/- each
8.	Outstanding equity shares post rights issue (assumingfully subscription)	16,98,38,410 Equity shares of Re. 1/- each
9.	Terms of Payment	Full amount of Rs. 2/- per Equity share is payable on application by eligible shareholders

* 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.

MITHLESHK Digitally signed by MITHLESHKUMAR UMAR MULCHAND MULCHAND AGRAWAL Date: 2023.05.15 AGRAWAL 18:11:24 +05'30'