Event Disclosure

The company submitted proceedings of its 34th Annual General Meeting held on Friday, September 11, 2026, at 11:30 AM through video conferencing/other audio-visual means. The disclosure was made to BSE Limited in accordance with Regulation 30 read with Schedule III-Part A to the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Meeting Details

  • Date: September 11, 2026
  • Time: 11:30 AM to 12:06 PM
  • Mode: Video Conferencing (VC)/Other Audio-visual Means (OAVM)
  • Conducted in accordance with circulars issued by Ministry of Corporate Affairs and Securities and Exchange Board of India

Attendance

Board Members Present:

  • Mr. Gaurav Surendrakumar Thanky (Chairman & Managing Director, Member of Nomination & Remuneration Committee, Stakeholders' Relationship Committee and Audit Committee)
  • Mr. Aarasp Bejan Bodhanwala (Non-Executive Director)
  • Mrs. Dhara Gaurav Thanky (Non-Executive Woman Director)
  • Mr. Ashokkumar Natwarlal Shah (Non-Executive Independent Director, Chairman of Nomination & Remuneration Committee, Member of Stakeholders' Relationship Committee and Audit Committee)
  • Mr. Yogesh Keshariya (Additional Director as well as Non-Executive Independent Director)

Mr. Chirag Shah (Non-executive Independent Director, Chairman of Stakeholders' Relationship Committee and Audit Committee, member of Nomination & Remuneration Committee) was absent with granted leave due to pre-occupation.

Other Attendees:

  • Ms. Ashish Chaudhary (Company Secretary & Compliance Officer)
  • CS Devesh Pathak (M/s. Devesh Pathak and Associates, Secretarial Auditor & Scrutinizer)
  • CA Samir Mehta (M/s. Mukund & Rohit, Statutory Auditors)
  • Mr. Tejas Batukrai Bhatt (Chief Financial Officer)

Meeting Proceedings

The Chairman confirmed quorum was established. Statutory registers under Companies Act, 2013 were available electronically for inspection. The notice of meeting was taken as read. Since there were no qualifications in Statutory Auditors' Report or Secretarial Auditors' Report, they were not read.

The Chairman delivered a speech covering industry scenario, company performance during the year, efforts to sustain business growth, and way forward for the industry.

Resolutions Considered

Ordinary Business:

1. Receipt, consideration and adoption of Audited Financial Statements for year ended March 31, 2026 together with Reports of Auditors' and Board's thereon (Ordinary Resolution)

2. Appointment of Director in place of Mr. Gaurav Thanky (DIN: 02565340) who retires by rotation and offers himself for reappointment (Ordinary Resolution)

Special Business:

3. Appointment of Mr. Yogesh Keshariya (DIN: 07063024) as Non-executive Independent Director (Special Resolution)

4. Re-appointment of Mr. Gaurav Thanky (DIN: 02565340) as Managing Director (Ordinary Resolution)

5. Approval of remuneration of Mr. Gaurav Thanky as Managing Director (Special Resolution)

6. Continuation of Mr. Aarasp Bejan Bodhanwala (DIN: 00421362) as Non-Executive Non-Independent Director (Ordinary Resolution)

7. Approval of payment of remuneration to Mr. A. B. Bodhanwala as Non-Executive Non-Independent Director (Special Resolution)

Voting Arrangements

The company provided electronic voting facility for all resolutions. Remote e-voting was available from Tuesday, September 8, 2026 (9:00 AM IST) to Thursday, September 10, 2026 (5:00 PM IST). Members present at AGM who hadn't cast votes through remote e-voting were provided opportunity to cast votes electronically during the meeting.

Mr. Devesh A. Pathak of M/s. Devesh Pathak & Associates was appointed as Scrutinizer for both remote e-voting and e-voting at AGM.

The e-voting facility remained open for 15 minutes after meeting conclusion (until approximately 12:21 PM) to enable members to cast votes.

Results Disclosure

Voting results will be announced within two working days from meeting conclusion and disseminated to BSE Limited on its website www.bseindia.com. Results will also be placed on company website (www.axelpolymers.com) and NSDL website once declared.

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