Vaxtex Cotfab Considers Fundraising Amidst Challenging Times

Vaxtex Cotfab Ltd is set to consider and approve a fundraising plan, as the company navigates financial challenges. With a market cap of ₹15 crore and a recent share price of ₹0.79, Vaxtex Cotfab faces significant revenue contraction, having reported a loss for the quarter ended December 2024. The company's sales de-grew by 77.59%, marking its first revenue contraction in three years. This fundraising initiative aims to bolster its financial position and support ongoing textile processing and trading operations.

Source: Business Standard, The Economic Times, Groww.