Vaxfab Enterprises Limited has incorporated a wholly owned subsidiary in the United Arab Emirates (UAE). The subsidiary was incorporated on August 6, 2026, as per the Certificate of Incorporation/License issued on that date.
Reason for Delay in Disclosure
The company received the Certificate of Incorporation and other legal documents only on August 11, 2026, hence the intimation is being filed on that date despite the incorporation occurring on August 6, 2026.
Subsidiary Details
- Ownership: 100% owned by Vaxfab Enterprises Limited
- Location: Ras Al Khaimah Economic Zone, UAE
- Business Operations: The subsidiary has not yet commenced business operations
- Industries: Seeds Trading, Packing & Packaging Materials Trading, Plastic & Nylon Raw Materials Trading, Information Technology Consultants, General Trading
- Legal Structure: The disclosure confirms this is not a related party transaction
Capital Structure
- Consideration Form: Cash
- Price per Share: AED 1,000.00
- Government Approvals: Not required for this acquisition
- Completion Timeframe: Not applicable (already incorporated)
Business Objectives
The subsidiary is established to carry out lawful business activities within the Free Zone area as specified in the license issued by Ras Al Khaimah Economic Zone Authority, and to exercise all acts necessary for the practice of its activities.
Financial Impact
The financial impact of this subsidiary formation is not quantified in the disclosure beyond the initial capital contribution of AED 1,000 per share.