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Vaxtex Cotfab Ltd ( (IN:VCL) ) has shared an update.
Vaxtex Cotfab Limited’s board has approved a significant expansion of its financial and corporate framework, proposing to increase its authorised share capital from ₹19 crore to ₹500 crore and raising its limits for investments, loans, guarantees and securities up to ₹500 crore, alongside higher borrowing powers, all subject to shareholder and regulatory approvals. The board also cleared changes to the company’s main object clause, name and other provisions of its Memorandum and Articles of Association, appointed Dhiraj Mishra as an additional executive director, and set an Extraordinary General Meeting for 27 February 2026 to seek shareholder consent, signalling an ambitious scale-up and strategic repositioning that could materially affect its capital structure, governance and future growth plans.
More about Vaxtex Cotfab Ltd
Vaxtex Cotfab Limited is an India-based company operating in the textiles and related trading segment, with its registered office in Ahmedabad, Gujarat. The company is listed on the National Stock Exchange under the symbol VCL and is in the process of aligning its corporate identity, including its name and constitutional documents, more closely with its core business activities.
Average Trading Volume: 2,717,680
Technical Sentiment Signal: Buy
See more insights into VCL stock on TipRanks’ Stock Analysis page.