Vaxfab Enterprises Ltd

Target overview

• Al Rafa Enterprise FZ-LLC is a wholly owned UAE subsidiary of Vaxfab.
• Industry scope includes seeds trading, packaging materials, plastics, IT consulting, and general trading.
• Incorporated in UAE; Ras Al Khaimah Free Zone license.
• Date of incorporation: August 6, 2026.
• Turnover: not disclosed; operations not yet commenced.

Transaction details

• Shareholding acquired: 100% of Al Rafa Enterprise FZ-LLC.
• Consideration: cash; initial capital AED 1,000 per share.
• Regulatory approvals: not applicable.
• Completion timeline: not applicable.

• Received Regulation 74(5) Confirmation Certificate for quarter ended 30 June 2026 from Skyline Financial Services (RTA).
• Certificate confirms status of dematerialisation/rematerialisation for period 1 April 2026 to 30 June 2026.
• RTA for the company is Skyline Financial Services Private Limited.

Key update

• Board approved Audited Standalone and Consolidated Financial Results for quarter/year ended 31 March 2026.
• Standalone audit report issued disclaimer due to incomplete prior-period records and unsecured loans.
• Consolidated audit report also shows disclaimer of opinion on year-end results.
• Statutory auditors expressed a modified opinion on the standalone financial results.
• Key audit qualifications include missing prior-period records, loans without agreements, MSME Act non-compliance.