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Vaxtex Cotfab Ltd ( (IN:VCL) ) has provided an update.
Vaxtex Cotfab Limited has announced that its Board of Directors, at a meeting held on 24 December 2025, approved requests from certain existing shareholders—Mr. Khushant Gupta, Mr. Mithleshkumar Agrawal, Qmin Industries Limited and Vax Enterprises Private Limited—to reclassify their status from the promoter category to the public shareholder category, subject to approval by the National Stock Exchange of India Limited. The reclassification, once cleared by the exchange, will alter the company’s shareholding structure by reducing the promoter group and increasing the public float, a move that could have implications for corporate control, governance dynamics and the stock’s liquidity profile for investors.
More about Vaxtex Cotfab Ltd
Vaxtex Cotfab Limited is an Indian textile company based in Ahmedabad, Gujarat, engaged in the suiting and shirting fabrics segment. The company operates within the broader fabrics and apparel supply chain, catering to markets that demand woven textile products for garments and related applications.
Average Trading Volume: 2,352,610
Technical Sentiment Signal: Buy
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