Event Details

The 34th Annual General Meeting of Axel Polymers Limited was held on Friday, 11th September, 2026 through Video Conference (VC) / Other Audio Video Means (OAVM). The meeting commenced at 11:30 AM and concluded at 12:06 PM.

Record Date and Shareholder Information

The record date for determining shareholders entitled to vote was 4th September, 2026. The total number of shareholders on the record date was 10,135.

Attendance Details

  • Promoters and Promoter Group attendees via video conferencing: 8
  • Public shareholders attendees via video conferencing: 30
  • Total attendees: 38

Scrutinizer Appointment

Mr. Devesh Pathak, Founder of M/s. Devesh Pathak & Associates, Practising Company Secretaries, was appointed as the Scrutinizer for remote e-voting and e-voting at the AGM. The appointment was made in the Board Meeting held on 14th August, 2026.

Voting Process

The remote e-voting facility was available from Tuesday, 8th September, 2026 (9:00 AM IST) to Thursday, 10th September, 2026 (5:00 PM IST). E-voting during the AGM was conducted through facilities provided by National Securities Depository Limited (NSDL).

Resolution Voting Results

Resolution 1: Adoption of Financial Statements

  • Description: To receive, consider and adopt the Audited Financial Statements for the year ended on 31st March, 2026 together with the Reports of the Auditors' and Board's thereon
  • Type: Ordinary Resolution
  • Promoter Interest: No
  • Total Votes Polled: 5,146,291 shares (46.78% of outstanding shares)
  • Votes in Favor: 5,146,291 (100%)
  • Votes Against: 0 (0%)
  • Result: Passed

Resolution 2: Reappointment of Director

  • Description: To appoint a Director in place of Mr. Gaurav Thanky (DIN: 02565340), who retires by rotation and being eligible offers himself for reappointment
  • Type: Ordinary Resolution
  • Promoter Interest: Yes
  • Total Votes Polled: 1,398,196 shares (12.71% of outstanding shares)
  • Votes in Favor: 1,398,196 (100%)
  • Votes Against: 0 (0%)
  • Result: Passed

Resolution 3: Appointment of Independent Director

  • Description: To approve appointment of Mr. Yogesh Keshariya (DIN: 07063024), as a Non-executive Independent Director of the Company
  • Type: Special Resolution
  • Promoter Interest: No
  • Total Votes Polled: 5,146,291 shares (46.78% of outstanding shares)
  • Votes in Favor: 5,146,291 (100%)
  • Votes Against: 0 (0%)
  • Result: Passed

Resolution 4: Reappointment of Managing Director

  • Description: To approve re-appointment of Mr. Gaurav Thanky (DIN: 02565340) as the Managing Director of the Company
  • Type: Ordinary Resolution
  • Promoter Interest: Yes
  • Total Votes Polled: 1,398,196 shares (12.71% of outstanding shares)
  • Votes in Favor: 1,398,196 (100%)
  • Votes Against: 0 (0%)
  • Result: Passed

Resolution 5: Remuneration of Managing Director

  • Description: To approve the remuneration of Mr. Gaurav Thanky (DIN: 02565340), as a Managing Director of the Company
  • Type: Special Resolution
  • Promoter Interest: Yes
  • Total Votes Polled: 1,398,196 shares (12.71% of outstanding shares)
  • Votes in Favor: 1,398,196 (100%)
  • Votes Against: 0 (0%)
  • Result: Passed

Resolution 6: Continuation of Non-Executive Director

  • Description: To approve continuation of Mr. Aarasp Bejan Bodhanwala (DIN: 00421362) as a Non-Executive Non-Independent Director of the Company
  • Type: Ordinary Resolution
  • Promoter Interest: Yes
  • Total Votes Polled: 4,123,272 shares (37.48% of outstanding shares)
  • Votes in Favor: 4,123,272 (100%)
  • Votes Against: 0 (0%)
  • Result: Passed

Resolution 7: Remuneration of Non-Executive Director

  • Description: To approve payment of remuneration to Mr. A. B. Bodhanwala (DIN: 00421362) as a Non-Executive Non-Independent Director of the Company
  • Type: Special Resolution
  • Promoter Interest: Yes
  • Total Votes Polled: 4,123,272 shares (37.48% of outstanding shares)
  • Votes in Favor: 4,123,272 (100%)
  • Votes Against: 0 (0%)
  • Result: Passed

Shareholding Pattern

  • Promoter and Promoter Group: 5,132,390 shares
  • Public Institutions: 19,800 shares
  • Public - Non Institutions: 5,848,934 shares
  • Total Outstanding Shares: 11,001,124 shares

Scrutinizer's Report Details

The Scrutinizer's report was issued on 11th September, 2026. The e-votes were unblocked on 11th September, 2026 at 12:28 PM in the presence of two witnesses: Ms. Ruhin Shaikh and Ms. Nandani Ramvani.