Aksh Optifibre Ltd

AGM Details

• Date: 28-09-2026; start 2:00 PM; end 2:12 PM; mode: VC/OAVM.
• Record date: 21-09-2026; shareholders on record: 71,045.
• AGM duration: 12 minutes.

Key resolutions and outcomes

• Resolution 1 (Ordinary): Adopt standalone and consolidated financial statements; passed 100% in favour.
• Resolution 2 (Ordinary): Re-appointment of Dr Kailash Shantilal Choudhari by rotation; passed 100%.
• Resolution 3 (Ordinary): Re-appointment of Mr. Satyendra Kumar Gupta as Non-Executive Director; passed 100%.
• Resolution 4 (Ordinary): Auditor remuneration ratified; 99.98% in favour; 7,877 against.

AGM Details

• AGM held on 28 Sep 2026 at 2:00 PM via VC/OAVM.
• Quorum: 123 Members (Promoter group 7, Public 116) attended.
• Remote e-Voting from Sep 25–27, 2026.
• Meeting concluded at 2:12 PM.

Resolutions

• Resolution 1 (Ordinary): Adopt annual audited financial statements for the year ended March 31, 2026.
• Resolution 2 (Ordinary): Re-appointment of Dr Kailash Shantilal Choudhari by rotation.
• Resolution 3 (Ordinary): Re-appointment of Satyendra Kumar Gupta as Professional Consultant.
• Resolution 4 (Ordinary): Ratification of Cost Auditor's remuneration for FY 2027.

Voting Results

• All resolutions passed with requisite majority.

Director Changes

• Dr Kailash Shantilal Choudhari re-appointed by rotation as Director.

Auditors

• Cost Auditor remuneration for FY 2027 ratified.

Stakeholder snapshot

• Target Company: Aksh Optifibre Limited.
• Disclosing Party: Mrs. Mona Kailash Choudhari (Promoter Group) and PACs.
• Pre-transaction holding: 26,94,129 shares, 1.66%.
• Post-transaction holding: 25,59,964 shares, 1.57%.
• Promoter status maintained: acquirer belongs to promoter group.

Transaction details

• Transaction type: Sale/disposal of voting shares.
• Date of transaction: September 24, 2026.
• Shares sold: 1,34,165; 0.09% of total voting capital.
• Mode: Open Market.
• Pre-transaction voting rights: 26,94,129 (1.66%).
• Post-transaction voting rights: 25,59,964 (1.57%).
• Equity share capital before/after: 16,26,97,971 shares; Rs 81,34,89,855.
• Total diluted share capital after: 16,26,97,971 shares.

Promoter Concert (PACs)

• PAC: Dr. Kailash Shantilal Choudhari holds 42,52,245 shares.
• Total PAC holding: 42,52,245 shares (2.61%).

Aksh Optifibre Limited: Trading window closed from October 01, 2026 until 48 hours after declaration of unaudited standalone and consolidated financial results for the quarter ended September 30, 2026

Key details

• Target Company: Aksh Optifibre Limited.
• Disclosing Party: Dr. Kailash Shantilal Choudhari (Promoter Group).
• Transaction Type: Sale of voting rights (shares) in open market.
• Pre-Transaction Holding: 27,87,286 shares (1.71%).
• Transaction Details: Sold 93,157 voting rights (0.05%).
• Mode of transaction: Open Market.
• Post-Transaction Holding: 26,94,129 shares (1.66%).
• Date(s) of Transaction: September 22-23, 2026.
• Equity share capital before: 16,26,97,971 shares (Rs 81,34,89,855).
• Equity share capital after: 16,26,97,971 shares (Rs 81,34,89,855).
• Total diluted capital after: 16,26,97,971 shares.

Transaction details

• Target Company: Aksh Optifibre Limited.
• Disclosing Party: Mona Kailash Choudhari (Promoter Group) with PACs.
• Transaction Type: Sale of voting rights shares.
• Pre-transaction voting rights: 29,30,722 shares (1.80%).
• Shares sold: 1,43,436 voting rights (0.09%).
• Mode: Open Market; Date: Sep 21, 2026.
• Post-transaction voting rights: 27,87,286 shares (1.71%).
• Equity capital before/after: 16,26,97,971 shares; Rs 81,34,89,855.
• Total diluted capital after: 16,26,97,971 shares.
• PAC holding: Dr. Kailash Shantilal Choudhari 42,52,245 shares (2.61%).

Key disclosures

• Target Company: Aksh Optifibre Limited.
• Disclosing Party: Mona Kailash Choudhari (Promoter Group) with PAC Dr. Kailash Shantilal Choudhari.
• Transaction Type: Disposal of voting-right shares in open market.
• Pre-Transaction Holding: 30,00,000 shares, 1.84% voting rights.
• Transaction Details: 69,278 shares sold; 0.04% of total voting capital; open market on Sept 18, 2026.
• Post-Transaction Holding: 29,30,722 shares, 1.80%.
• Date of Transaction: September 18, 2026.
• Equity share capital before/after: 16,26,97,971 shares; Rs 81,34,89,855.
• Total diluted share capital after: 16,26,97,971.

AGM Details

• AGM date/time: 28 September 2026 at 02:00 P.M. IST via VC/OAVM.
• Remote e-voting window: 25 September 2026 09:00 AM to 27 September 2026 5:00 PM.
• Cut-off date for voting eligibility: 21 September 2026.
• VC/OAVM venue: deemed to be the registered office; 1000-member participation limit.

Key Resolutions

• Adopt Standalone and Consolidated Annual Audited Financial Statements for FY2025-26.
• Re-appoint Dr Kailash Shantilal Choudhari as Director; retires by rotation.
• Re-appoint Satyendra Kumar Gupta as Professional Consultant Dec 2026–Nov 2027.
• Monthly consultancy fee Rs 7.50 lakh; SL fees: 0.25% of OTS; 0.40% of fund infusion.
• Board authorised to finalise consultancy agreement and related terms.
• Ratify Cost Auditor remuneration for FY2026-27: Rs 90,000 plus taxes.

Related Party & Governance

• Related party: Mr. Gupta; nature: professional consultancy and advisory services.
• Consultancy terms include SL fees described above; subject to shareholder approval.
• Other governance provisions to be completed as per notice.

Auditors

• Cost Auditor: M/s Ajay Kumar Singh & Co.; remuneration Rs 90,000 for FY2026-27.

Insolvency Status

• Company undergoing CIRP; IRP appointed.
• NCLAT order restricts IRP actions; company to run under IRP supervision.

Financials (standalone)

• Revenue from operations: Rs 12,570.66 Lakhs for year ended 31-Mar-2026.
• Profit after tax: Rs -856.42 Lakhs for the year.
• Total comprehensive income: Rs -843.77 Lakhs for the year.
• Basic EPS: Rs -0.53 per share.
• Segment revenues: Manufacturing Rs 6,248.38 Lakhs; Services Rs 6,322.28 Lakhs.
• Manufacturing EBIT: Rs -770.93 Lakhs; Services EBIT: Rs 437.69 Lakhs.

Consolidated results

• Consolidated revenue from operations: Rs 12,723.11 Lakhs.
• Consolidated loss before tax: Rs -1,555.98 Lakhs.
• Consolidated profit after tax: Rs -1,307.31 Lakhs.
• Consolidated basic EPS: Rs -0.80 per share.

Capital structure & liquidity

• Standalone net debt: Rs 6,424.72 Lakhs.
• Consolidated net debt: Rs 14,237.26 Lakhs.
• Gearing ratio: Standalone -1103.63%.
• Short-term borrowings: Rs 6,383.21 Lakhs.
• Shareholders’ funds (standalone): Rs 8,085.91 Lakhs.

Regulatory & CIRP developments

• CIRP admitted on June 19, 2026; Interim Resolution Professional appointed.
• NCLAT order on June 30, 2026 directs IRP to not take further steps.
• Company under CIRP to be run under IRP supervision with Appellant's assistance.

Governance & management

• CFO changes: Nikhil Jain resigned July 8, 2025; Varun Dube appointed Oct 7, 2025.
• Board size six with four independent directors.
• Statutory auditors: M/s P.C. Bindal & Co; Cost auditors: M/s Ajay Kumar Singh & Co.

Subsidiaries & group structure

• Subsidiaries include Aksh Composites Private Limited (India), AOL FZE (Dubai), AOL Technologies FZE (Dubai), Aksh Technologies (Mauritius) Limited, and AOL Composites Jiangsu (China) as step-down.

Assets held for sale

• Assets held for sale include land at Reengus and land/building at Kahrani; Dubai CWIP and related assets identified for sale.

Risks & outlook

• Liquidity risk due to delayed receivables; ongoing IBC/CIRP uncertainties.
• OID: OTS discussions with banks; multiple disputed liabilities under SARFAESI/IBC.

CSR & ESG

• CSR expenditure for 2025-26: Nil; Rs 5,81,619 available for carry-forward set-off.
• CSR committee: 3 members; policy available on company website.