Vaxtex Cotfab Limited (VCL)
₹1.48 +3.50% last close, 16 Oct
Latest quarterly results (Q4 FY26)
In its latest reported quarter, Q4 FY26, Vaxtex Cotfab's revenue was ₹0.0 Cr (-100.0% year on year, -100.0% on the previous quarter), and net profit ₹0.8 Cr (-40.2% year on year).
| Q4 FY26 (₹ Cr) | Value | YoY vs Q4 FY25 | QoQ |
|---|---|---|---|
| Revenue | ₹0.0 | -100.0% | -100.0% |
| Operating profit | ₹-0.1 | — | to loss |
| Net profit | ₹0.8 | -40.2% | -80.0% |
| EPS (₹) | 0.04 | -42.9% | -81.0% |
VCL bulk deals
NSE end-of-day data for
It closed at its lower price band (circuit) on 16 Oct, one of 13 band closes in about the last 20 sessions. 2 bulk or block deals were reported in VCL in the last 60 days: ₹0.56 Cr sold, none bought.
| Date | Side | Counterparty | Value | Price | Quantity | Type |
|---|---|---|---|---|---|---|
| 22 Sep | Sell | Rajvansh Electricals Private Limited | ₹0.34 Cr | ₹1.61 | 2,084,202 | Bulk |
| 22 Sep | Sell | Golden Bio Energy Limited | ₹0.23 Cr | ₹1.61 | 1,410,000 | Bulk |
A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed
📢 Recent Corporate Announcements
Vaxtex Cotfab Limited has issued a Postal Ballot notice seeking shareholder approval via a special resolution to appoint M/s Garg Agrawal & Agrawal, Chartered Accountants, as Statutory Auditors. The proposed appointment spans five consecutive years from FY 2026-27 to FY 2030-31. The remote e-voting window runs from October 14, 2026 to November 12, 2026, with the cut-off date fixed as October 9, 2026. Results of the postal ballot are scheduled to be declared on or before November 13, 2026.
- Appointment of M/s Garg Agrawal & Agrawal as Statutory Auditors for a 5-year tenure (FY 2026-27 to FY 2030-31)
- Remote e-voting starts on October 14, 2026 (10:00 AM IST) and concludes on November 12, 2026 (5:00 PM IST)
- Cut-off date for voter eligibility set as October 9, 2026
- Postal ballot results to be declared on or before November 13, 2026
Vaxtex Cotfab Limited submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, for the quarter ended September 30, 2026. The certificate was issued by the company's Registrar and Share Transfer Agent (RTA), Bigshare Services Private Limited. Bigshare confirmed that security certificates received for dematerialization between June 30, 2026, and September 30, 2026, were processed, mutilated, and cancelled within the prescribed 15-day timeline.
- Compliance certificate submitted under Regulation 74(5) of SEBI Regulations, 2018
- Covers the quarterly period from June 30, 2026, to September 30, 2026
- Confirmation provided by RTA Bigshare Services Private Limited
- Confirmed dematerialized securities were processed and cancelled within 15 days of receipt
Vaxtex Cotfab Limited announced the outcome of its Board Meeting held on October 12, 2026. The Board approved the appointment of M/S Garg Agrawal & Agrawal as Statutory Auditor for a period of 5 years, covering FY 2026-27 through FY 2030-31. The appointment is subject to members' approval, for which a notice was also approved.
- Appointment of M/S Garg Agrawal & Agrawal as Statutory Auditor
- Auditor tenure approved for 5 years spanning FY 2026-27 to FY 2030-31
- Auditing firm has over 28 years of professional experience across statutory and corporate compliance audits
- Board meeting held on October 12, 2026, commencing at 11:00 AM and concluding at 06:15 PM
Vaxtex Cotfab Limited reported the voting results of its 21st Annual General Meeting held on September 30, 2026. All three resolutions were approved with >99.99% majority of votes cast, representing 4.58 crore votes out of an 18.38 crore share base (24.95% voter turnout). Resolutions included adopting FY26 audited standalone financial statements, appointing Mrs. Ansuiya Pareek as a Woman Non-Executive Independent Director, and the reversal of resolutions passed at the EOGM held on February 27, 2026.
- All 3 resolutions passed with >99.99% voting approval across 4,58,42,066 polled votes
- Overall voter turnout stood at 24.95% of total 18,37,52,220 outstanding shares
- Institutional shareholders polled 3,37,82,823 votes with 100% approval
- Special resolution passed to reverse resolutions previously approved at the February 27, 2026 EOGM
Vaxtex Cotfab Limited has notified the exchange regarding the closure of its trading window pursuant to SEBI Insider Trading Regulations. The trading window for insiders, designated persons, and their immediate relatives will close on Thursday, October 1, 2026. It will reopen 48 hours after the declaration and publication of the unaudited financial results for the quarter ending September 30, 2026. This is a routine administrative compliance step ahead of quarterly earnings.
- Trading window closes on Thursday, October 01, 2026
- Applies to unaudited financial results for the quarter ending September 30, 2026
- Window to remain closed until 48 hours after publication of the Q2 results
- Notice issued under Clause 4 of Schedule B of SEBI PIT Regulations, 2015
Vaxtex Cotfab Limited has submitted a regulatory disclosure pursuant to Regulation 29(2) of the SEBI SAST Regulations regarding shareholding changes by Zeal Global Opportunities Fund. The exact quantum of shares bought or sold was not detailed in the filing cover letter. The company currently has an extremely low promoter holding of 0.5% and a market capitalization of Rs 32 Cr. Investors should note that trading activity by institutional or public funds can influence floating supply in micro-cap stocks with low promoter stakes.
- Disclosure filed under Regulation 29(2) of SEBI SAST Regulations 2011
- Filing pertains to transactions by Zeal Global Opportunities Fund
- Filing submitted to NSE on September 18, 2026
- Company market capitalization stands at Rs 32 Cr with promoter holding at 0.5%
Vaxtex Cotfab Limited has issued the notice for its 21st Annual General Meeting scheduled for September 30, 2026. Key agenda items include the adoption of FY26 financial statements and the appointment of Mrs. Ansuiya Pareek as an Independent Woman Director for a 5-year term. Notably, the company is seeking shareholder approval to reverse the February 27, 2026 EOGM resolution that had approved increasing authorized share capital from Rs 19 crore to Rs 500 crore. The remote e-voting period runs from September 27 to September 29, 2026, with a cut-off date of September 23, 2026.
- AGM convened for September 30, 2026, via Video Conferencing / OVAM.
- Proposed reversal of EOGM resolution that increased authorized share capital from Rs 19 crore to Rs 500 crore.
- Appointment of Mrs. Ansuiya Pareek as Independent Woman Director for a term of 5 years (Sept 5, 2026 to Sept 4, 2031).
- Share transfer books and register closed from September 24 to September 26, 2026; cut-off date is September 23, 2026.
Vaxtex Cotfab Limited held a Board meeting on September 05, 2026, approving the appointment of Mrs. Ansuiya Pareek as an Independent Women Director. The Board decided to reverse the resolution passed at the EOGM on February 27, 2026, which had approved an increase in the authorized share capital. Additionally, the company scheduled its 21st Annual General Meeting for September 30, 2026, while noting that the appointment of a Statutory Auditor is still pending finalization.
- Appointment of Mrs. Ansuiya Pareek as Independent Women Director effective September 05, 2026
- Reversal of EOGM resolution dated February 27, 2026, regarding an increase in authorized share capital
- 21st Annual General Meeting scheduled for September 30, 2026, with cut-off date on September 23, 2026
- Statutory Auditor appointment remains pending and will be finalized in due course
Vaxtex Cotfab Limited has received approval from NSE on August 20, 2026, for the reclassification of four promoters to the public category under Regulation 31A of SEBI LODR Regulations. The reclassified entities collectively hold 800,904 equity shares, representing 0.44% of the company's share capital. The entities include Mithleshkumar Agrawal (0.13%), Khushant Gupta (0.10%), Qmin Industries Limited (0.21%), and Vax Enterprise Private Limited (0.00%). This approval concludes the reclassification application filed on December 26, 2025.
- NSE granted No-Objection Letter dated August 20, 2026, for reclassification under Regulation 31A.
- A cumulative 800,904 shares (0.44% equity) reclassified from Promoter to Public category.
- Key reclassified holdings include Qmin Industries Limited (384,244 shares, 0.21%) and Mithleshkumar Agrawal (233,330 shares, 0.13%).
- Khushant Gupta holds 183,330 shares (0.10%), while Vax Enterprise Private Limited holds 0 shares (0%).
Vaxtex Cotfab Limited has accepted the resignation of its statutory auditor, M/s. SSRV & Associates (FRN: 135901W), effective August 13, 2026. The resignation comes at a time when the company has an extremely low promoter holding of 0.5% and a micro-cap valuation of ₹37 Cr. Investors must scrutinize the reasons disclosed in the detailed SEBI annexure for any audit concerns or disagreements.
- Statutory Auditor M/s. SSRV & Associates tendered resignation effective August 13, 2026
- Firm Registration Number: 135901W
- Filing submitted pursuant to SEBI Circular No. CIR/CFD/CMD/114/2019 dated October 18, 2019
- Company market cap stands at ₹37 Cr with TTM revenue of ₹11 Cr and promoter stake of 0.5%
Vaxtex Cotfab Limited (VCL) has accepted the resignation of its Statutory Auditor, M/s. SSRV & Associates, effective August 13, 2026. This governance change occurs in a micro-cap company (Rs 31 Cr market cap) characterized by an exceptionally low promoter holding of 0.5%. While the company reported a TTM PAT of Rs 6 Cr, its revenue stream is highly inconsistent, with four of the last eight quarters showing zero revenue. Investors should closely examine the detailed reasons for resignation required under SEBI circulars.
- Statutory Auditor M/s. SSRV & Associates (FRN 135901W) resigned effective August 13, 2026.
- Promoter holding remains critically low at 0.5% as of the June 2026 quarter.
- Company reported zero revenue in the most recent quarter (Mar 2026) and three other quarters in the last two years.
- TTM Revenue stands at Rs 11 Cr against a market capitalization of Rs 31 Cr.
Vaxtex Cotfab Limited (VCL) has submitted an application to the National Stock Exchange (NSE) for the reclassification of Mrs. Bharti Kailash Gupta from the 'Promoter Group' to the 'Public' category. The application, filed on July 30, 2026, involves 737,910 shares, representing 0.40% of the company's total equity. This move is notable as the company's total promoter holding is already exceptionally low at 0.5% as of June 2026. The reclassification is a procedural requirement under Regulation 31A of SEBI LODR.
- Application for reclassification submitted to NSE on July 30, 2026
- Involves 737,910 equity shares held by Mrs. Bharti Kailash Gupta
- The stake being reclassified represents 0.40% of the total shareholding
- Total promoter holding remains extremely low at 0.5% as per June 2026 records
Vaxtex Cotfab Limited (VCL) reported zero operational revenue for the quarter ended June 30, 2026, a significant decline from its TTM revenue of Rs 11.17 Cr. The company posted a net loss of Rs 5.16 lakhs, compared to a profit of Rs 21.60 lakhs in the same quarter last year. Total expenses for the quarter were Rs 9.27 lakhs, primarily consisting of employee benefits and administrative costs. With a negligible promoter holding of 0.5% and a market cap of just Rs 27 Cr, the lack of core business activity remains a critical concern for investors.
- Revenue from operations stood at Rs 0.00 for the quarter ended June 30, 2026.
- Net loss for the period was Rs 5.16 lakhs compared to a profit of Rs 21.60 lakhs in Q1 FY26.
- Total expenses decreased to Rs 9.27 lakhs from Rs 24.89 lakhs in the year-ago period.
- Other income of Rs 2.37 lakhs was the sole contributor to the total income for the quarter.
- Promoter holding remains extremely low at 0.5% as of June 2026.
The Board of Vaxtex Cotfab Limited (VCL) has approved a request from Mrs. Bharti Kailash Gupta to be reclassified from the 'Promoter group' to the 'Public' category. This move is subject to final approval from the National Stock Exchange (NSE). The company currently operates with an exceptionally low promoter holding of just 0.5% as of June 2026. Given the micro-cap nature (Rs 19 Cr) and existing ownership structure, this reclassification is largely a procedural formality.
- Board meeting held on July 29, 2026, between 4:30 P.M. and 5:00 P.M.
- Promoter holding stands at a minimal 0.5% as of the June 2026 quarter.
- Company market capitalization is approximately Rs 19 Cr with TTM revenue of Rs 11 Cr.
- Reclassification request is pending final approval from the National Stock Exchange (NSE).
Vaxtex Cotfab Limited's board has approved a request from Mrs. Bharti Kailash Gupta to reclassify her status from the 'Promoter Group' to the 'Public' category. This administrative change is subject to final approval from the National Stock Exchange (NSE). The move is notable given the company's extremely low promoter skin-in-the-game, which currently stands at just 0.5%. With a small market capitalization of ₹19 Cr and inconsistent quarterly revenues, ownership shifts in this micro-cap require monitoring.
- Board meeting held on July 29, 2026, concluded within 30 minutes (4:30 PM to 5:00 PM).
- Approved reclassification of Mrs. Bharti Kailash Gupta from Promoter to Public category.
- Current promoter holding is minimal at 0.5% as of the June 2026 filing.
- Company maintains a small market capitalization of approximately ₹19 Cr.
- TTM revenue stands at ₹11 Cr, though several recent quarters reported ₹0 revenue.
Financial Performance
Revenue Growth by Segment
The company operates in a single segment: Trading and Manufacturing in Textiles. Total income for H1 FY26 (ended September 30, 2025) reached INR 349.10 lakhs, representing a massive growth of approximately 6,376% compared to INR 5.39 lakhs in H1 FY25, primarily due to a low base and increased demand for suiting and shirting fabrics.
Geographic Revenue Split
Revenue is driven by both domestic and export markets, though specific percentage splits per region are not disclosed in the available documents.
Profitability Margins
Net Profit Margin for H1 FY26 stood at 22.65% (INR 79.09 lakhs profit on INR 349.10 lakhs income). This is a significant turnaround from the H1 FY25 net loss of INR 4.11 lakhs. Operating margins remained stable due to effective pricing strategies despite inflationary pressures.
EBITDA Margin
Operating profit before working capital changes for H1 FY26 was INR 84.85 lakhs, yielding an operating margin of approximately 24.3%. This reflects efficient procurement and strict operational controls that helped contain rising input costs.
Capital Expenditure
Investments were made toward modernizing manufacturing facilities, enhancing automation, and strengthening R&D. While specific INR Cr values for future plans are not detailed, Property, Plant and Equipment stood at INR 0.70 lakhs as of September 30, 2025, down from INR 104.00 lakhs in March 2025, likely due to asset realignments or sales.
Credit Rating & Borrowing
Total borrowings as of September 30, 2025, were INR 1,092.54 lakhs, comprising INR 733.39 lakhs in non-current borrowings and INR 359.15 lakhs in current borrowings. Finance costs for H1 FY26 were INR 3.59 lakhs, representing approximately 1% of total income.
Operational Drivers
Raw Materials
Key raw materials include suiting and shirting fabrics and unspecified textile inputs, which are subject to price fluctuations that impact the overall cost structure.
Key Suppliers
The company sources materials from various vendors and has received loans from promoters including Mithleshkumar M Agrawal, Vax Enterprises Private Limited, and Khushant Gupta to support operations.
Capacity Expansion
The company is focusing on modernization and automation of existing facilities to improve manufacturing efficiency, though specific MT or unit capacity figures are not disclosed.
Raw Material Costs
Purchase of stock-in-trade for H1 FY26 was INR 991.36 lakhs. The company faced rising input costs due to higher raw material prices, but managed these through efficient procurement strategies.
Manufacturing Efficiency
Efficiency is being targeted through automation and R&D investments to maintain cost-competitiveness in the intense textile market.
Logistics & Distribution
Logistics expenses have increased, impacting the cost structure, though they are partially offset by volume growth in e-commerce and direct-to-consumer channels.
Strategic Growth
Growth Strategy
Growth will be achieved by leveraging the 'China Plus One' global sourcing strategy, participating in government initiatives like PM MITRA Parks and the PLI scheme, and expanding through e-commerce and direct-to-consumer platforms.
Products & Services
Trading and manufacturing of suiting and shirting fabrics.
Brand Portfolio
Vaxtex Cotfab.
New Products/Services
The company is focusing on emerging channels like e-commerce and direct-to-consumer platforms to drive momentum, though specific new product revenue contributions are not quantified.
Market Expansion
Targeting growth in both domestic and export markets by positioning as a reliable alternative to Chinese suppliers.
External Factors
Industry Trends
The Indian textile industry is moving toward sustainability, digital innovation, and modernization supported by the PLI scheme and PM MITRA Parks. The 'China Plus One' strategy is a major tailwind for Indian manufacturers.
Competitive Landscape
Intense competition from other small and mid-sized textile enterprises and global manufacturers.
Competitive Moat
The company's moat is built on its integrated trading and manufacturing model and its ability to adapt to digital sales channels. Sustainability depends on maintaining quality while remaining cost-competitive.
Macro Economic Sensitivity
The company is sensitive to global economic uncertainties and domestic inflation, which impact consumer demand for textiles and raw material pricing.
Consumer Behavior
Growing demand for suiting and shirting fabrics in domestic markets and a shift toward e-commerce and direct-to-consumer purchasing.
Geopolitical Risks
Geopolitical tensions are cited as a challenge that could impact raw material prices and export opportunities.
Regulatory & Governance
Industry Regulations
Compliance with the SEBI (LODR) Regulations 2015 and the Companies Act 2013. The company is also subject to textile sector-specific regulations and government schemes like PLI.
Taxation Policy Impact
Total tax expenses for H1 FY26 were INR 2.35 lakhs, resulting in an effective tax rate of approximately 2.9% on a PBT of INR 81.44 lakhs, aided by deferred tax adjustments.
Risk Analysis
Key Uncertainties
Raw material price volatility and geopolitical tensions are the primary uncertainties, with the potential to impact margins by over 10% if not managed effectively.
Third Party Dependencies
Dependency on raw material suppliers and logistics partners; also relies on promoter loans for liquidity.
Technology Obsolescence Risk
The company is mitigating technology risks by investing in automation and modernizing manufacturing facilities.
Credit & Counterparty Risk
Trade receivables stand at INR 1,132.12 lakhs, which is significantly higher than the half-year revenue, indicating potential credit risk and a long collection cycle.
