Axtel Industries Ltd

Director appointments

• Re-appointment of Ajay Naishad Desai as WTD for five years, 1 Mar 2027 to 28 Feb 2032.
• Continuation of Ajay Nalin Parikh as WTD until 31 July 2028.
• Board approved on 6 Aug 2026, following AGM approval on 31 Jul 2026.
• Regulatory disclosures under Regulation 30 provided in Annexure 1.
• Related party disclosure: Ameet Nalin Parikh is Ajay Parikh's brother.

Financial snapshot

• Q1 FY2027 unaudited total income: 7,159.54 lacs.
• Profit after tax from continuing operations: 195.74 lacs.
• EPS (continuing operations): Basic ₹1.21; Diluted ₹1.21.
• Auditors' review: unmodified opinion.
• Single segment: process engineering equipment for food processing.
• Board approved results on 06-08-2026; results available on company website.

AGM decisions

• AGM approved audited FY2026 financial statements and Board/Auditors' reports.
• Re-appointed Mr. Ameet Nalin Parikh as Director, retiring by rotation.
• Declared interim dividend as final dividend for FY ended 31 March 2026.
• Re-appointment of Ajay Naishad Desai as Whole-time Director for five years.
• Fixation of remuneration for Ajay Naishad Desai as Whole-time Director.
• Continuation of Ajay Nalin Parikh as Whole-time Director.
• Fixation of remuneration for Ajay Nalin Parikh as Whole-time Director.
• Ratification of Cost Auditors' remuneration for FY 2026-27.

AGM details

• AGM held on 31 July 2026 at 11:00 a.m. via VC/OAVM.

Key resolutions

• Ordinary: Adopt audited financial statements and reports.
• Ordinary: Appoint Ameet Nalin Parikh as Director liable to retire by rotation.
• Ordinary: Declare dividend for year ended 31 March 2026.
• Special: Re-appoint Ajay Naishad Desai as Whole-time Director for five years.
• Special: Fix remuneration of Ajay Naishad Desai, Whole-time Director.
• Special: Continue Ajay Nalin Parikh as WTD for five years.
• Special: Fix remuneration of Ajay Nalin Parikh as WTD.
• Ordinary: Ratify remuneration of Cost Auditor Diwanji & Co.

Voting results

• Resolution 1: Passed; For 9,089,318; Against 3.
• Resolution 2: Passed; For 9,089,318; Against 3.
• Resolution 3: Passed; For 9,089,318; Against 3.
• Resolution 4: Passed; For 1,020,006; Against 3.
• Resolution 5: Passed; For 9,089,318; Against 3.
• Resolution 6: Passed; For 1,020,006; Against 3.
• Resolution 7: Passed; For 9,089,318; Against 3.
• Resolution 8: Passed; For 9,089,318; Against 3.

Dividend

• Dividend resolution approved.

Directors

• Ameet Nalin Parikh appointed as Director liable to retirement by rotation.
• Ajay Naishad Desai re-appointed as Whole-time Director for five years.
• Ajay Nalin Parikh continued as Whole-time Director for five years.

Auditors

• Remuneration of Cost Auditor Diwanji & Co. ratified.

Other material approvals

• Remuneration-related approvals for WTDs and cost auditor ratified.

AGM Details

• Date, time, mode: 31 July 2026 at 11:00 a.m., via VC/OAVM.

Key Resolutions

• Adopt Audited Financial Statements for year ended 31 March 2026 with Directors’ and Auditors’ reports.
• Re-appoint Ameet Nalin Parikh as Director liable for retirement by rotation.
• Declare interim dividend as final dividend for FY 2025-26.
• Re-appoint Ajay Naishad Desai as Whole-time Director for five years.
• Fix remuneration of Ajay Naishad Desai, Whole-time Director.
• Continue appointment of Ajay Nalin Parikh as Whole-time Director.
• Fix remuneration of Ajay Nalin Parikh, Whole-time Director.
• Ratify remuneration of M/s Diwanji & Co., Cost Auditors for 2026-27.

Dividend

• Interim dividend of ₹12.00 per equity share declared as final for FY 2025-26.

Auditors

• Cost Auditor remuneration ratified for 2026-27.

Voting Results

• Resolution 1 results not disclosed.
• Resolution 2 results not disclosed.
• Resolution 3 results not disclosed.
• Resolution 4 results not disclosed.
• Resolution 5 results not disclosed.
• Resolution 6 results not disclosed.
• Resolution 7 results not disclosed.
• Resolution 8 results not disclosed.

Dematerialisation status

• Dematerialisation requests received during the quarter were processed and confirmed to the depositories.
• Securities dematerialised have been listed on the stock exchanges where the earlier securities are listed.
• Physical certificates for dematerialisation were mutilated and cancelled; depository name substituted as registered owner within timelines.

Book closure and AGM details

• Book closure: not required; registers remain open.
• Cut-off date for entitlement of e-voting: 24 July 2026.
• Remote e-voting: 28 July 2026, 9:00 a.m. to 30 July 2026, 5:00 p.m.
• AGM date: 31 July 2026.
• Security: Equity shares.

AGM details

• Date and time: 31 July 2026 at 11:00 a.m.
• Mode: VC/OAVM (Video Conferencing and Other Audio-Visual Means)
• Voting cut-off date: 24 July 2026
• No physical attendance; meeting via VC/OAVM
• Notice and annual report available on the company website

Ordinary resolutions

• Adopt audited financial statements for year ended 31 March 2026.
• Re-appoint Ameet Nalin Parikh as Director retiring by rotation.
• Interim dividend declared for 2025-26; to be treated as final upon approval.

Special resolutions

• Re-appointment of Ajay Naishad Desai as Whole-time Director for five years.
• Fix remuneration of Ajay Naishad Desai as WTD within Rs 3.6 crore per annum.
• Continuation of Ajay Nalin Parikh as Whole-time Director till 31 July 2028.
• Fix remuneration of Ajay Nalin Parikh as WTD within Rs 3.6 crore per annum.
• Ratify Cost Auditors remuneration for 2026-27: Rs 70,000.

Financial performance

• Revenue from operations: 22,376.69 lakhs; total revenue: 22,969.63.
• Profit after tax: 3,115.95 lakhs; up from 1,802.52.
• EPS: 19.29; basic and diluted; net margin: 13.92%.
• Turnover growth: 25.32% YoY.

Dividends & capital allocation

• Interim dividend paid: Rs 12 per equity share.
• Interim dividend to be treated as final on AGM approval.
• Dividends transferred to IEPF: 24.63 lakhs.

Operations & geography

• Single segment: machinery for food processing; domestic revenue 19,688.10; export 2,688.59.
• Total turnover: 22,376.69; growth 25.32%.
• Solar power system capacity: 451.46/529 kWp; capex 2.27 crores.
• Employees: 228; plant location: Vadodara, Gujarat.

Capital structure & liquidity

• No long-term borrowings; liquidity supported by working capital facilities.
• Current ratio: 1.14; debt-equity ratio: 0.73.
• Cash flows: operating 5,106.46; investing (2,767.02); financing (2,933.04).

Governance & risk management

• Board: seven directors; two executives, two non-execs, three independent.
• Audit Committee met five times; chaired by Deepti Sharma.
• Related party: Morphis Advisory LLP; professional fees 48.00 lakhs.
• Executive directors' remuneration: 180.00 lakh salary; 60.00 lakh perquisites.

CSR & sustainability

• CSR spend: 59.95 lakhs; nine projects; focus on education, healthcare, skill development.
• CSR obligation: average net profit 2986.41 lakhs; 2% equals 59.73; spend 59.95; shortfall 0.25.
• Projects include healthcare, education, skill development; partners listed publicly.
• CSR disclosures and policy publicly available on company website.

Auditors & compliance

• Statutory auditors: VRCA & Associates; internal auditors: Sharp & Tannan.
• Secretarial auditors: Ruchita Patel & Associates; compliance certificates issued.

Meeting Details

• Board meeting scheduled for 7 May 2026.
• Meeting time was not disclosed.
• Meeting will be held at the registered office of Axtel Industries Limited.

Key Agenda Items

• Approve audited financial results for the quarter and year ended 31 March 2026.
• Consider recommendation of final dividend and/or declaration of interim dividend.

Other Notes

• No additional material governance or financial actions were disclosed.