Vaxtex Cotfab logo

Vaxtex Cotfab MD, chairman, board of directors and AGM

NSE: VCLTextiles & ApparelsSmall Cap

Last close ₹1.44down ₹0.04 (2.70%)

Share price at the NSE close on 23 Oct 2026. Previous close ₹1.48.

52-week range of traded prices to 23 Oct 2026
₹0.87Low, 10 Nov 2025₹2.66High, 10 Dec 2025
Market cap
₹26 Cr3,792nd largest listed
P/E
5.0
P/B
1.2
Dividend yield
Nonein the last 12 months
ROE
25.8%
ROCE
7.3%
Debt to equity
0.23
Volume, NSE
2,17,599

Vaxtex Cotfab board of directors

At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • Managing directorAAKASH RAJESHBHAI THAKOR

5 directors3 independent2 executive

  • AAKASH RAJESHBHAI THAKOR · Managing directorExecutive · joined Nov 2020 · reappointed Mar 2025 · 71 months as independent · 1 listed board
  • AMAY VATSALYAExecutive · joined Dec 2025 · reappointed Dec 2025 · 10 months as independent · 2 listed boards
  • ABHISHEK SHARMAIndependent · joined Dec 2025 · reappointed Feb 2026 · 10 months as independent · 1 listed board · 1 as independent · 2 committee seats
  • PUNEET KUMAR KASHYAPIndependent · joined Dec 2025 · reappointed Feb 2026 · 10 months as independent · 1 listed board · 1 as independent · 2 committee seats, 2 as chair
  • ANSUIYA PAREEKIndependent · joined Sep 2026 · 1 month as independent · 1 listed board · 1 as independent · 2 committee seats

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

11 directors who left
  • ANJALI GUPTA, left 31 May 2026: Others
  • DHIRAJ MISHRA, left 6 Apr 2026: Others
  • RAVI JITENDRA MODI, left 29 Dec 2025: Others
  • HARSH MAHENDRAKUMAR KOTHARI, left 29 Dec 2025: Others
  • HARDIKA LADHA, left 17 Dec 2025: Others
  • PRANAV MANOJ VAJANI, left 16 Dec 2025: Others
  • DEVI SINGH, left 5 Dec 2025: Others
  • MITHLESHKUMAR M AGRAWAL, left 7 Mar 2025: Others
  • KUNJAL JAYANTKUMAR SONI, left 7 Feb 2025: Others
  • ZIRAL SONI, left 7 Feb 2025: Others
  • DIGESH MANSUKHLAL DESHAVAL, left 1 Feb 2025: Others

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 5 Sep 20265 of 5 present3 independent · 25 days in between
    • 10 Aug 20264 of 4 present2 independent · 11 days in between
    • 29 Jul 20264 of 4 present2 independent · 64 days in between
    • 25 May 20265 of 5 present3 independent · 44 days in between
    2 earlier meetings
    • 10 Apr 20265 of 5 present3 independent · 3 days in between
    • 6 Apr 20265 of 5 present3 independent

  • Audit Committee

    Chair PUNEET KUMAR KASHYAP

    ABHISHEK SHARMA, ANSUIYA PAREEK

    • 5 Sep 20263 of 3 present3 independent · 25 days in between
    • 10 Aug 20263 of 3 present2 independent · 76 days in between
    • 25 May 20263 of 3 present3 independent

  • Nomination and remuneration committee

    Chair PUNEET KUMAR KASHYAP

    ABHISHEK SHARMA, ANSUIYA PAREEK

    • 5 Sep 20263 of 3 present3 independent · 25 days in between
    • 10 Aug 20263 of 3 present2 independent · 71 days in between
    • 30 May 20263 of 3 present3 independent · 53 days in between
    • 6 Apr 20263 of 3 present3 independent

  • Stakeholders Relationship Committee

    Chair PUNEET KUMAR KASHYAP

    ABHISHEK SHARMA, ANSUIYA PAREEK

    • 5 Sep 20263 of 3 present3 independent

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Jun 2026.

  • SSRV & AssociatesPeer-review certificate valid to Jun 2027

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Vaxtex Cotfab AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Vaxtex Cotfab share news and announcements

Annual general meeting, 30 Sep 2026

40,276 shareholders on the register on 23 Sep 2026; present: 1 promoter and 37 others; votes counted by Nithish Bangera / NVB and Associates.The company's voting result (opens in a new tab)

  1. To consider and adopt the Audited Standalone Financial Statements of the Company for the Financial Year ended 31st March, 2026 together with the Reports of the Board of Directors and Auditors thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 24.95% · promoters 19.90% · institutions 100.00% · other public 7.97%

  2. To Approve the Appointment of Mrs. Ansuiya Pareek (DIN: 10120917) as a Woman Non-Executive - Independent Director of the Company.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 24.95% · promoters 19.90% · institutions 100.00% · other public 7.97%

  3. Reversal of resolutions passed earlier at the Extra-Ordinary General Meeting (“EOGM”) held on February 27, 2026, and to take all necessary consequential actions in this regard.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 24.94% · promoters 19.90% · institutions 100.00% · other public 7.96%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 27 Feb 2026, 10 resolutions

40,863 shareholders on the register on 20 Feb 2026; present: 0 promoters and 32 others; votes counted by Mr. Aakash Goel / G Aakash & Associates.The company's voting result (opens in a new tab)

  1. To Approve The Increase in Authorised Share Capital of the Compan
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 10.51% · promoters 0.00% · institutions 3.56% · other public 12.55%

  2. To alter the existing object clause of Memorandum of Association (“MOA”) of the Company.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 10.45% · promoters 0.00% · institutions 3.56% · other public 12.48%

  3. To Change the name and other clauses of Memorandum and Articles of Association of the Company.
    Special
    99.48% for0.52% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.56%

    Turnout: all 10.51% · promoters 0.00% · institutions 3.56% · other public 12.55%

  4. Increasing the Borrowing Powers under Section 180(1)(C) of the Companies Act, 2013.
    Special
    99.48% for0.52% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.56%

    Turnout: all 10.51% · promoters 0.00% · institutions 3.56% · other public 12.55%

  5. To make investments, give Loans, Guarantees and Security in excess of limits specified under Section 186 of the Companies Act, 2013.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 10.51% · promoters 0.00% · institutions 3.56% · other public 12.55%

  6. Regularisation of the Appointment Mr. Dhiraj Mishra (DIN: 06952296) as Director of the Company in the Category of Executive Director.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 10.51% · promoters 0.00% · institutions 3.56% · other public 12.55%

  7. Regularisation of the Appointment Ms. Anjali Gupta (DIN:11427179) as an Independent Director of the Company in the Category of Non- Executive Independent Director.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 10.51% · promoters 0.00% · institutions 3.56% · other public 12.55%

  8. Regularisation of the Appointment Mr. Puneet Kumar Kashyap (DIN:11426247) as an Independent Director of the Company in the Category of Non- Executive Independent Director.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 10.51% · promoters 0.00% · institutions 3.56% · other public 12.55%

  9. Regularisation of the Appointment Mr. Abhishek Sharma (DIN: 11426825) as an Independent Director of the Company in the Category of Non- Executive Independent Director.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 10.51% · promoters 0.00% · institutions 3.56% · other public 12.55%

  10. Regularisation of the Appointment Mr. Amay Vatsalya (DIN: 09330694) as an Independent Director of the Company in the Category of Non- Executive Independent Director.
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 10.51% · promoters 0.00% · institutions 3.56% · other public 12.55%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 2 Sep 2025, 7 resolutions

41,626 shareholders on the register on 26 Aug 2025; present: 5 promoters and 44 others; votes counted by Guarav Bachani / Gaurav Bachani & Associates.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the audited financial statement of the Company for the financial year ended on 31st March, 2025 and statement of Profit and Loss account together with the notes forming part thereof and Cash Flow Statement for the financial year ended on that date and the reports of the Board of Directors (“The Board”) and Auditor thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 17.92% · promoters 100.00% · institutions 0.00% · other public 1.73%

  2. To appoint a director in place of Mr. Devi Singh (DIN: 09528536) who retires by rotation and being eligible, offers himself for re‐appointment
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 17.92% · promoters 100.00% · institutions 0.00% · other public 1.73%

  3. Appointment of M/s. Jay Pandya & Associates, Practicing Company Secretaries, Ahmedabad (FRN: S2024GJ963300) as the Secretarial Auditor ofthe Company for a period of five (5) years
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 17.92% · promoters 100.00% · institutions 0.00% · other public 1.73%

  4. Regularization of Mr. Harsh Mahendrakumar Kothari (DIN: 09310696) as Non‐Executive and Independent Director of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 17.92% · promoters 100.00% · institutions 0.00% · other public 1.73%

  5. Regularization of Mr. Ravi Jitendra Modi (DIN: 10932249) as a Non‐executive and Independent Director of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 17.92% · promoters 100.00% · institutions 0.00% · other public 1.73%

  6. To approve material related party transactions with M/s. Qmin Industries Limited.
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 17.92% · promoters 100.00% · institutions 0.00% · other public 1.73%

  7. To approve material related party transactions with M/s. Yarn Syndicate Limited
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 17.92% · promoters 100.00% · institutions 0.00% · other public 1.73%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 5 May 2025, 3 resolutions

42,509 shareholders on the register on 25 Apr 2025; present: 5 promoters and 31 others; votes counted by Mr. Gaurav Bachani / Gaurav Bachani & Associates.The company's voting result (opens in a new tab)

  1. Change in Designation of Mr. Aakash Thakor (Din:07960192) as Managing Director & Chairman of the Company
    Ordinary
    94.81% for5.19% against

    Against: promoters 0.00% · other public 14.73%

    Turnout: all 27.75% · promoters 99.30% · other public 11.93%

  2. Regularization of Ms. Hardika Ladha (DIN: 10942355) as Non-Executive and Independent Director of the Company
    Special
    94.81% for5.19% against

    Against: promoters 0.00% · other public 14.73%

    Turnout: all 27.75% · promoters 99.30% · other public 11.93%

  3. Regularization of Mr. Devi Singh (DIN: 09528536) as Non-Executive-Non-Independent Director of the Company
    OrdinaryPromoters have an interest in it
    94.81% for5.19% against

    Against: promoters 0.00% · other public 14.73%

    Turnout: all 27.75% · promoters 99.30% · other public 11.93%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 27 Sep 2024, 2 resolutions

Present: 3 promoters and 35 others.The company's voting result (opens in a new tab)

  1. 1. To consider and adopt the audited financial statement of the Company for the financial year ended on 31st March, 2024 and statement of Profit and Loss account together with the notes forming part thereof and Cash Flow Statement for the financial year ended on that date and the reports of the Board of Directors (“The Board”) and Auditor thereon.MoreLess
    Ordinary
    99.92% for0.08% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.27%

    Turnout: all 26.45% · promoters 100.00% · institutions 0.00% · other public 10.19%

  2. 2. To appoint a director in place of Mr. Aakash Rajeshbhai Thakor (DIN: 07960192) who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    99.53% for0.47% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.48%

    Turnout: all 26.55% · promoters 100.00% · institutions 0.00% · other public 10.31%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 15 Sep 2023, 6 resolutions

Present: 5 promoters and 30 others.The company's voting result (opens in a new tab)

  1. To consider and adopt the audited financial statement of the Company for the financial year ended on 31st March, 2023 and statement of Profit and Loss account together with the notes forming part thereof and Cash Flow Statement for the financial year ended on that date and the reports of the Board of Directors (¿The Board¿) and Auditor thereon.MoreLess
    Ordinary
    99.67% for0.33% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.70%

    Turnout: all 33.62% · promoters 98.65% · institutions 0.00% · other public 19.23%

  2. To appoint a director in place of Mr. Aakash Rajeshbhai Thakor (DIN: 07960192) who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    99.67% for0.33% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.70%

    Turnout: all 33.62% · promoters 98.65% · institutions 0.00% · other public 19.23%

  3. Appointment of Statutory Auditor of the Company.
    Ordinary
    99.67% for0.33% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.70%

    Turnout: all 33.62% · promoters 98.65% · institutions 0.00% · other public 19.23%

  4. To approve Borrowing Limits under Section 180 (1) (C) of the Companies Act, 2013.
    Special
    99.67% for0.33% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.70%

    Turnout: all 33.62% · promoters 98.65% · institutions 0.00% · other public 19.23%

  5. Power under Section 186 of the Companies Act, 2013.
    Special
    99.67% for0.33% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.70%

    Turnout: all 33.62% · promoters 98.65% · institutions 0.00% · other public 19.23%

  6. To sell, lease or otherwise dispose of the whole or substantially the whole of the undertaking of the Company or where the Company owns more than one undertaking, of the whole or substantially the whole of such undertakings.MoreLess
    Special
    99.67% for0.33% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.71%

    Turnout: all 33.62% · promoters 98.65% · institutions 0.00% · other public 19.23%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 6 Jul 2023, 1 resolution

Present: 6 promoters and 26 others.The company's voting result (opens in a new tab)

  1. Increase in Authorised Share Capital and Alteration of the Capital Clause in Memorandum ofnAssociation of the Company.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 46.52% · promoters 98.08% · institutions 0.00% · other public 28.28%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Extraordinary general meeting, 1 Feb 2023, 6 resolutions

Present: 6 promoters and 37 others.The company's voting result (opens in a new tab)

  1. Approval of Sub-division of Equity Shares of the Company
    Ordinary
    99.77% for0.23% against

    Against: promoters 0.00% · institutions 0.00% · other public 4.80%

    Turnout: all 15.89% · promoters 41.73% · institutions 0.00% · other public 1.18%

  2. Approval of alteration in Clause V i.e. Capital clause of thenMemorandum of Association of the Com an
    Ordinary
    99.77% for0.23% against

    Against: promoters 0.00% · institutions 0.00% · other public 4.81%

    Turnout: all 15.89% · promoters 41.73% · institutions 0.00% · other public 1.18%

  3. Offer, issue and allot Equity shares on Preferential basis fornconsideration in cash
    Special
    99.77% for0.23% against

    Against: promoters 0.00% · institutions 0.00% · other public 4.81%

    Turnout: all 15.89% · promoters 41.73% · institutions 0.00% · other public 1.18%

  4. Offer, issue and allot Equity shares on Preferential Basis fornconsideration other than cash
    Special
    99.77% for0.23% against

    Against: promoters 0.00% · institutions 0.00% · other public 4.81%

    Turnout: all 15.89% · promoters 41.73% · institutions 0.00% · other public 1.18%

  5. Approval of the request received by Ms. Kresha Gupta for reclassification of their shareholding from ‘Promoter / Promoter Group’ to ‘Public’ Category
    OrdinaryPromoters have an interest in it
    99.77% for0.23% against

    Against: promoters 0.00% · institutions 0.00% · other public 4.81%

    Turnout: all 15.89% · promoters 41.73% · institutions 0.00% · other public 1.18%

  6. Approval of the request received by Mr. Sanjaykumar P. Agrawal for reclassification of their shareholding from ‘Promoter / Promoter Group’ to ‘Public’ Category
    OrdinaryPromoters have an interest in it
    99.77% for0.23% against

    Against: promoters 0.00% · institutions 0.00% · other public 4.81%

    Turnout: all 15.89% · promoters 41.73% · institutions 0.00% · other public 1.18%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Tax disputes

Reported in the filing for the quarter to Sep 2026.

  • Tax disputeGSTSince 19 Dec 2023
    Appeal Submitted
    At the filing before: Appeal filed on 15th March 2024 against Demand order for FY 2017-18 issued to the Company amounted to Rs.32,37,192, comprising an outstanding demand of Rs.14,64,792 and accrued interest of Rs.16,25,920 and penalty of 1,46,480.MoreLess
  • Tax disputeGSTSince 28 Aug 2024
    Appeal Submitted
    At the filing before: Appeal filed on 27th November 2024 against Demand order for FY 2019-20 issued to the Company amounted to Rs.21,08,442, comprising an outstanding demand of Rs.10,51,614 and accrued interest of Rs.9,35,122 and penalty of 1,21,706.MoreLess
  • Tax disputeGSTSince 16 Jan 2025
    Appeal Proceedings in Progress
    At the filing before: Appeal filed on 11th April 2025 against Panelty order issued to the Company and its director under section 122 on account of confirmation of demand based on allegation that company is involved in passing fake ITC by issuing invocies to BRR group entities without actual supply of goods or services of INR 53,89,198/-MoreLess
  • Tax disputeGSTSince 16 Dec 2025
    Appeal Submitted
    At the filing before: Appeal pending to be filed against Demand Order for FY 2021-22 issued to the company amounting to Rs. 8,73,614, comprising an outstanding demand of Rs. 4,73,397, Interest on demand of Rs. 3,34,077 and penalty of Rs. 66,140 on account alleged excess ITC Availed as compared to the ITC Available.MoreLess
  • Tax disputeIncome TaxSince 22 Mar 2015
    Appeal Proceedings in Progress, Latest Reply filed on 10th March 2026.
    At the filing before: For the Assessment Year 2012-13, a demand was raised against the Company under Section 144 of The Income Tax Act 1961, dated 22nd March, 2015, this demand amounted to Rs. 4,11,95,363, comprising an outstanding demand of Rs.1,27,67,108 and accrued interest of Rs.2,84,28,255.MoreLess
  • Tax disputeIncome TaxSince 18 Jul 2016
    Appeal Proceedings in Progress, Latest Reply filed on 12th August 2025.
    At the filing before: Penalty proceedings for above order amounting to 1,27,67,108.
  • Tax disputeGSTSince 27 Feb 2025
    Appeal Submitted
    At the filing before: Appeal filed on 28th May 2025 against Demand order for FY 2020-21 issued to the Company amounted to Rs.1,05,47,059, comprising an outstanding demand of Rs.54,38,884 and accrued interest of Rs.45,42,153 and penalty of 5,66,022.MoreLess

In the company's own words, from its latest governance filing.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
No
The company has a risk management committee
No
The chair is related to the managing director
No
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
Yes
There was a cyber security incident in the quarter
No

The company's own answers in its filing.