AGM Details

  • Date and Time: Friday, September 11, 2026 at 11:30 A.M. (IST)
  • Mode: Video Conferencing/Other Audio Visual Means
  • Cut-off date for e-voting eligibility: Friday, September 04, 2026
  • Remote e-voting period: From Tuesday, September 08, 2026 at 9:00 a.m. to Thursday, September 10, 2026 at 5:00 p.m. (IST)
  • Result declaration: On or before Monday, September 14, 2026
  • Share transfer book closure: Saturday, September 05, 2026 to Friday, September 11, 2026 (both days inclusive)

Business Items

Ordinary Business

1. Adoption of Financial Statements: To receive, consider and adopt Audited Financial Statements for year ended March 31, 2026 with Board's Report and Auditors' Report

2. Re-appointment of Director: Mr. Gaurav Thanky (DIN: 02565340) retires by rotation and offers himself for re-appointment as Director liable to retire by rotation under Section 152 of Companies Act, 2013

Special Business

3. Appointment of Independent Director: Approval sought for Mr. Yogesh Keshariya (DIN: 07063024) as Non-executive Independent Director for first term of three consecutive years effective June 12, 2026 to June 11, 2029

4. Re-appointment of Managing Director: Approval for re-appointment of Mr. Gaurav Thanky (DIN: 02565340) as Managing Director for five years from October 1, 2026 to September 30, 2031

5. Remuneration of Managing Director: Special resolution for remuneration of Mr. Gaurav Thanky as Managing Director for three years from October 1, 2026 to September 30, 2029 at:

  • Salary: ₹8,50,000 per month
  • Additional perquisites, allowances, benefits and amenities
  • Minimum remuneration payable in case of inadequate profits

Requires special resolution as remuneration exceeds SEBI LODR Regulation 17(6)(e) limits for promoter group executive directors

6. Continuation of Non-Executive Director: Approval for continuation of Mr. Aarasp Bejan Bodhanwala (DIN: 00421362) as Non-Executive Non-Independent Director effective October 1, 2026

7. Remuneration of Non-Executive Director: Special resolution for payment of remuneration of ₹12,00,000 per annum to Mr. A.B. Bodhanwala for three years from October 1, 2026 to September 30, 2029

Requires special resolution under SEBI LODR Regulation 17(6)(ca) as it represents 100% of total annual remuneration to all Non-Executive Directors

Financial Context

  • Effective capital (2025-26): ₹2,776.44 lakhs
  • Total income (2025-26): ₹4,451.27 lakhs
  • Profit after tax (2025-26): ₹-112.63 lakhs (loss)
  • Previous remuneration (2025-26):
  • Mr. Gaurav Thanky: ₹1,02,00,000
  • Mr. A.B. Bodhanwala: ₹12,00,000

Director Background Information

Mr. Gaurav Thanky

  • Age: 52 years, Engineer by profession
  • Experience: 2 decades in plastic industry
  • Current holdings: 36,10,025 equity shares
  • Relationship: Related to Mrs. Dhara Gaurav Thanky, Non-Executive Director
  • Board meeting attendance: 7 out of 8 meetings in FY 2025-26

Mr. Yogesh Keshariya

  • Age: 57 years, Chartered Accountant
  • Qualifications: B.Com, DISA (ICAI)
  • Professional practice since 1993, IDT Partner at CNK, Vadodara
  • Former Assistant Professor at Maharaja Sayajirao University of Baroda (25 years)
  • Expertise: Indirect taxes, GST reviews, internal audits

Mr. Aarasp Bejan Bodhanwala

  • Age: 66 years, Chartered Accountant
  • Expertise: Finance, accounts, taxation, legal and commercial
  • Current holdings: 9,26,034 equity shares
  • Board meeting attendance: 6 out of 8 meetings in FY 2025-26

Service Providers

  • Registrar & Transfer Agent: MUFG Intime India Private Limited
  • e-Voting Agency: National Securities Depository Limited (NSDL)
  • Scrutinizer: Mr. Devesh Pathak, Practising Company Secretary

Document Distribution

  • Notice and Annual Report sent only by electronic mode to shareholders with registered email addresses
  • Documents available on company website: www.axelpolymers.com
  • Also available on BSE website: www.bseindia.com and NSDL e-voting portal: www.evoting.nsdl.com

Voting Procedures

  • Remote e-voting through NSDL platform for shareholders as of September 4, 2026 cut-off date
  • e-Voting during AGM available only for those who haven't voted remotely
  • Institutional shareholders required to submit board resolutions/authority letters
  • Shareholder queries to be sent to cs@axelpolymers.com at least 7 days prior to AGM

Impact Assessment

  • Management continuity with re-appointment of existing Managing Director
  • Board composition changes with new Independent Director appointment
  • Financial impact: Fixed remuneration commitments approved for three years
  • Capital structure: No change to share capital from these resolutions
  • Governance: Compliance with SEBI LODR regulations for promoter remuneration approvals