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The latest update is out from Vaxtex Cotfab Ltd ( (IN:VCL) ).
Vaxtex Cotfab’s board has approved a major increase in its authorised share capital from ₹19 crore to ₹500 crore and plans to amend its Memorandum of Association accordingly, signalling preparations for substantial future equity issuance subject to shareholder approval. The board also cleared changes to the company’s main object clause and its name to better reflect its core business, sought higher borrowing powers and an expanded ₹500 crore limit for loans, investments, guarantees and securities, appointed Dhiraj Mishra as an additional executive director, and set the groundwork for an Extraordinary General Meeting on 27 February 2026 to seek shareholder approvals for these strategic shifts.
More about Vaxtex Cotfab Ltd
Vaxtex Cotfab Limited is an India-based company listed on the National Stock Exchange, operating in the textiles and related manufacturing and trading space. The company is headquartered in Ahmedabad, Gujarat, and its core business activities are being aligned more closely with its current operational focus through proposed changes to its corporate name and charter documents.
Average Trading Volume: 2,717,680
Technical Sentiment Signal: Buy
Find detailed analytics on VCL stock on TipRanks’ Stock Analysis page.