Axel Polymers Ltd (AXELPOLY) Announcements - Latest Exchange Filings with AI Summaries
Latest corporate announcements filed by Axel Polymers Ltd on NSE and BSE, with an AI summary of each filing.
Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015 is enclosed.
Others (Uncategorized) · 13 Sept 2026, 3:53 am
Axel Polymers Approves Key Board Appointments and Reappointments at 34th AGM Axel Polymers Limited's shareholders approved key board appointments at its 34th AGM on 11th Sep'26. Mr. Yogesh Keshariya was appointed as Non-Executive Independent Director for a 3-year term effective 12th Jun'26 to 11th Jun'29. The company also approved the reappointment and remuneration of Managing Director Mr. Gaurav Thanky for a 5-year term from 1st Oct'26 to 30th Sep'31, alongside the reappointment and remuneration of Mr. A.B. Bodhanwala as Non-Executive Non-Independent Director effective 1st Oct'26.
Declaration of voting results of 34th Annual General Meeting of the Company and Scrutinizer''s Report
Annual General Meeting · 13 Sept 2026, 2:34 am
Receipt of Show Cause Notice issued by the Securities and Exchange Board of India in the matter of GST.
Others (Uncategorized) · 12 Sept 2026, 9:47 pm
SEBI Issues Show Cause Notice to Axel Polymers Over Alleged ITC Irregularities Axel Polymers Limited received a Show Cause Notice from SEBI on 11th Sep'26 initiating adjudication proceedings against the company, its non-independent directors, and others. The matter stems from Central GST authorities alleging wrongful availment and passing on of ₹31.57 crore in input tax credit without physical movement of goods during FY22–FY25, proposing recovery with interest and penalties. Axel Polymers stated the notice has no impact on routine operations, carries no quantified monetary penalty yet, and overall financial impact remains unascertainable pending proceedings.
Proceedings of the 34th Annual General Meeting of the Company is enclosed.
Annual General Meeting · 11 Sept 2026, 11:46 pm
Intimation regarding shifting of Corporate office of the Company within Mumbai is enclosed.
Others (Uncategorized) · 01 Sept 2026, 11:23 pm
Axel Polymers Shifts Corporate Office Within Mumbai Axel Polymers Limited (BSE: 513642) announced the relocation of its Mumbai corporate office, effective 01 Sep'26. The new address is 302, Bhoomi Prarambh, Link Road, Borivali (West), Mumbai. This internal move within the city does not alter the company's registered office or existing contact details. The previous office was located at Western Edge II, Borivali (East). This is a routine administrative update with no operational or financial impact disclosed.
Shifting of place of maintenance of Books of Account and relevant records from Corporate office to Registered office of the Company is enclosed.
Others (Uncategorized) · 01 Sept 2026, 11:19 pm
Axel Polymers Shifts Maintenance of Account Books to Registered Office Axel Polymers (BSE: 513642) has shifted the maintenance of its Books of Account and other relevant records from its Corporate Office in Mumbai to its Registered Office in Vadodara, Gujarat. This change, effective 01 Sep'26, is for administrative and operational convenience. The company confirmed there is no change to its Registered Office location itself. The former location was at Western Edge II, Borivali (East), Mumbai, and the new location is at Sankarda-Savli Road, Vadodara.
Intimation of Book Closure and Cut-off date for the 34th Annual General Meeting of Axel Polymers Limited is enclosed.
Annual General Meeting · 29 Aug 2026, 10:11 pm
In furtherance of our intimation submitted on 20th August, 2026, please note that a typographical error was identified in the Board's Report on Page No. 27 of the Annual Report for the ....
Others (Uncategorized) · 25 Aug 2026, 8:25 pm
Notice of 34th Annual General Meeting of the Company for the Financial Year 2025-26 is enclosed.
Annual General Meeting · 20 Aug 2026, 10:38 pm
Annual Report for the Financial Year 2025-26 is enclosed.
Others (Uncategorized) · 20 Aug 2026, 10:31 pm
Intimation for reappointment of Managing Director and Non-Executive Director pursuant to Regulation 30 of the SEBI LODR.
Change in Management · 15 Aug 2026, 2:21 am
Axel Polymers Reappoints Managing Director and Non-Executive Director The Board of Axel Polymers, on 14th Aug'26, approved the reappointment of Mr. Gaurav Thanky as Managing Director and Mr. A.B. Bodhanwala as a Non-Executive Director. Both appointments are effective from 01st Oct'26, subject to shareholder approval at the next General Meeting. Mr. Thanky's reappointment is for a five-year term. He is married to Mrs. Dhara Thanky, a Non-Executive Director on the company's board. The reappointments signal leadership continuity for the company.
Statement of Deviation(s) or Variation(s) under Regulation 32 of SEBI (LODR) Regulations, 2015 for the quarter ended 30th June, 2026
Others (Uncategorized) · 15 Aug 2026, 2:18 am
Axel Polymers Confirms No Deviation in Use of Preferential Issue Proceeds Axel Polymers confirmed no deviation in utilizing the ₹11.18 crore raised via a preferential issue on 13th Dec'25. For the quarter ended 30th Jun'26, the company reported nil variation from the stated objectives. Of the total funds, ₹6.71 crore allocated for working capital and ₹2.24 crore for general purposes were fully utilized. For the ₹2.24 crore capital expenditure allocation, ₹0.76 crore has been utilized to date. The auditor's report, dated 14th Aug'26, provides an unmodified opinion, confirming fund utilization aligns with the offer document.
Unaudited Financial Results for the quarter ended 30th June, 2026 is enclosed.
Financial Result · 15 Aug 2026, 12:48 am
Axel Polymers: Q1FY27 Results Marked by Numerous Auditor Red Flags Axel Polymers reported Q1FY27 results with significant auditor concerns. Revenue grew 38.5% YoY to ₹161.98 Cr, while Net Profit rose to ₹1.77 Cr from ₹0.44 Cr. However, the auditor's limited review flagged multiple issues: a GST show-cause notice for ₹31.57 Cr, a related Income Tax investigation, an ₹18.00 Cr legal case from a vendor, and no provision for obsolete inventory. These potential liabilities and regulatory investigations represent significant contingent risks for the company despite the YoY profit growth in the quarter ended 30 Jun'26.
Outcome of Board Meeting held on 14th August, 2026 is enclosed.
Outcome · 15 Aug 2026, 12:42 am
Axel Polymers Ltd - Financial Result for the Quarter ended 30th Jun'26 (Standalone, INR Lakh) ■ Revenue: 1,620 (+38.5% YoY | +23.5% QoQ) ■ EBITDA: 105 (+5.5% YoY | +351.3% QoQ) ■ EBITDA Margin (%): 6.5 (-203 bps YoY | +472 bps QoQ) ■ PAT: 17.7 (+303.2% YoY | Loss to Profit QoQ) ■ EPS (INR): 0.02 (-60.0% YoY | Loss to Profit QoQ)
Axel Polymers Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 14/08/2026 ,inter alia, to consider and approve Unaudited Financial Results of ....
Intimation · 14 Aug 2026, 5:30 am
Axel Polymers Board Meeting for Q1FY27 Results on 14th Aug'26 Axel Polymers Limited has scheduled a Board of Directors meeting on 14th Aug'26 to consider and approve the unaudited financial results for the first quarter ended 30th Jun'26. In compliance with SEBI regulations, the trading window for insiders will remain closed until 48 hours after the results are declared.
Supplemental disclosure of reasons for delay in submission of Financial Results for the fourth quarter and year ended 31st March, 2026 is enclosed.
Others (Uncategorized) · 25 Jun 2026, 1:06 am
Axel Polymers Corrects Reason for Q4FY26 Results Delay Axel Polymers submitted a supplemental disclosure on 24th Jun'26, revising the reason for the delay in its Q4FY26 financial results. The company initially cited a "medical exigency of the Auditors" in its 19th Jun'26 filing. The updated disclosure corrects this, stating the delay was actually due to "pending information/opinion/report to be submitted to the Auditors" by the company itself. The Board meeting, originally scheduled for 30th May'26, was rescheduled and held on 02nd Jun'26 to approve the results.
Disclosure of reason for delay in submission of Financial Results for the fourth quarter and year ended 31st March, 2026 is enclosed.
Others (Uncategorized) · 19 Jun 2026, 7:44 pm
Axel Polymers Discloses Delay in FY26 Financial Results Filing Axel Polymers Limited disclosed reasons for delaying the submission of its audited financial results for the quarter and year ended 31st Mar'26. The delay was attributed to a medical exigency of the Statutory Auditor, which prevented the timely finalization of the auditor's report. Consequently, the Board of Directors meeting, originally scheduled for 30th May'26, was rescheduled to 02nd Jun'26, when the results were approved and submitted. The company has assured stakeholders that measures are in place to ensure future regulatory compliance.
Appointment of Mr. Yogesh Keshariya as an Additional Director under the category of Non-executive Independent of the Company with effect from 12th June, 2026.
Change in Management · 12 Jun 2026, 6:34 pm
Axel Polymers Appoints Yogesh Keshariya as Independent Director Axel Polymers (BSE: 513642) appointed Mr. Yogesh Keshariya as an Additional Director in the Non-Executive Independent Director category, effective 12th Jun'26. The appointment is for a three-year term, subject to shareholder approval. Mr. Keshariya is a practicing Chartered Accountant since 1993 with expertise in indirect taxation and internal audits. He is currently an IDT Partner at CNK, Vadodara, and brings extensive experience in taxation, audit, and advisory services. He is not related to any other director on the Board.
The Board of Directors of the Company at its meeting held on Friday, 12th June, 2026, inter-alia considered and approved the appointment of Mr. Yogesh Keshariya (DIN: 07063024) as an Additional ....
Others (Uncategorized) · 12 Jun 2026, 6:30 pm
Axel Polymers Appoints Yogesh Keshariya as Non-Executive Independent Director Axel Polymers Limited appointed Mr. Yogesh Keshariya as an Additional and Non-Executive Independent Director, effective 12 Jun'26. The appointment is for a three-year term, subject to shareholder approval at the next General Meeting. Mr. Keshariya is a Chartered Accountant with extensive experience in indirect taxation and internal audits, having been in practice since 1993. He is currently an IDT Partner at CNK, Vadodara. The company confirmed he has no relationship with other directors.
Statement of Deviation(s) or Variation (s) under Regulation 32 of SEBI (LODR) Regulations, 2015 for the quarter ended 31st March, 2026 is enclosed.
Others (Uncategorized) · 03 Jun 2026, 3:45 am
Axel Polymers Reports No Deviation in Preferential Issue Fund Utilization Axel Polymers confirms no deviation in utilizing the Rs. 11.18 crore raised via a preferential issue on 13 Dec '25. For the quarter ending 31 Mar '26, funds allocated for Working Capital (Rs. 6.71 crore) and General Purpose (Rs. 2.24 crore) were fully utilized as planned. Of the Rs. 2.24 crore allocated for Capital Expenditure, Rs. 42.85 lakh has been utilized. The company states all proceeds are being used in line with the original objectives, with no variations reported.
Audited Financial Results for the fourth quarter and year ended 31st March, 2026 is enclosed.
Financial Result · 03 Jun 2026, 1:35 am
Axel Polymers Reports Q4 & FY26 Results, Auditor Highlights Significant Risks Axel Polymers reported a Q4FY26 net loss of Rs 82.33 lacs versus a profit of Rs 223.03 lacs YoY. Full-year FY26 net loss was Rs 112.64 lacs, a sharp decline from an FY25 profit of Rs 17.35 lacs. Auditors cited a material uncertainty on going concern status due to a Rs 31.57 crore GST show-cause notice for FY22-FY25. Other emphasis points include an Income Tax investigation, a Rs 18 crore vendor legal dispute, and unquantified inventory obsolescence, with no provisions made for these contingent liabilities.
The Board of Directors of the Company at their meeting held on Tuesday, June 02, 2026, inter alia, considered & approved Audited Financial Results of the Company for the fourth quarter ....
Outcome · 03 Jun 2026, 1:27 am
Axel Polymers Reports Q4FY26 Loss, Auditors Highlight Material Uncertainty & Contingent Liabilities Axel Polymers reported a Q4FY26 net loss of ₹82.33 Lacs versus a profit of ₹223.03 Lacs YoY. FY26 net loss was ₹112.64 Lacs against an FY25 profit of ₹17.35 Lacs. Auditors noted a "Material Uncertainty Related to Going Concern" due to a GST show-cause notice for alleged wrongful ITC of ₹31.57 Cr. Other "Emphasis of Matters" include regulatory investigations and a pending ₹18 Cr legal case from a vendor. The board reappointed Chirag Bhatt & Associates as Internal Auditor for FY27.
Axel Polymers Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 30/05/2026 ,inter alia, to consider and approve audited Financial Results of ....
Intimation · 30 May 2026, 5:30 am
Axel Polymers Board Meeting to Approve Q4 and FY26 Results Axel Polymers has scheduled a Board of Directors meeting for 30th May'26 to consider and approve the audited financial results for the fourth quarter and full year ended 31st Mar'26. The trading window for insiders will remain closed until 48 hours after the results are declared.
Statement of Deviation & Variation for the quarter ended 31st December, 2025 for preferential issue proceeds is attached.
Others (Uncategorized) · 14 Feb 2026, 2:21 am
Axel Polymers Confirms No Deviation in Use of Preferential Issue Proceeds Axel Polymers Limited confirmed no deviation or variation in the utilization of funds raised via a preferential issue for the quarter ended 31st Dec'25. The company raised Rs. 11.18 crore on 13th Dec'25. Per the filing, funds allocated for working capital (Rs. 6.71 cr), capital expenditure (Rs. 2.24 cr), and general purposes (Rs. 2.24 cr) were utilized as intended. As of the quarter-end, a total of Rs. 3.01 crore has been utilized from the proceeds, with utilization adhering to the stated objectives.
Unaudited Financial Results for the third quarter and nine months ended 31.12.2025 is enclosed
Financial Result · 14 Feb 2026, 2:02 am
Axel Polymers Reports Q3FY26 Loss, Faces ₹31.57 Crore GST Show Cause Notice Axel Polymers reported a Q3FY26 net loss of ₹62.05 Lacs, a sharp decline from a ₹0.72 Lacs profit in Q2FY26 and narrowing from a ₹75.58 Lacs loss YoY. Revenue from operations fell 17.4% QoQ and 20.3% YoY to ₹885.69 Lacs. The auditor's review highlighted a significant development: the company received a GST show cause notice alleging improper Input Tax Credit (ITC) availment from FY22-FY25. The notice proposes an ITC reversal of approximately ₹31.57 crore, plus interest and penalties, posing a material financial risk.