AXTEL INDUSTRIES LIMITED

AGM Participation Details

  • Date of AGM: 31-07-2026
  • Record Date (Cut-off): 24-07-2026
  • Total Shareholders on Record Date: 18,758
  • Meeting Format: Held through Video Conferencing (VC)/Other Audio Visual Means (OAVM) - no physical meeting or proxy arrangement was made.
  • Shareholders Attended through VC: 48 total attendees
  • Promoters and Promoter Group: 7
  • Public Shareholders: 41
  • Votes Cast During AGM: 0 (no votes were cast during the meeting itself)

Remote E-Voting Results

  • Total Votes Cast via Remote E-Voting: 9,089,321 shares
  • Overall Voting Participation: 56.2639% of total outstanding shares (16,154,800 shares)
  • Vote Breakdown:
  • Votes in Favor: 9,089,318 (for resolutions 1-3, 5, 7-8); 1,020,006 (for resolutions 4 & 6)
  • Votes Against: 3 (across all resolutions 1-8)
  • Votes Abstain: 8,069,312 (for resolutions 4 & 6 only)

Resolution-wise Voting Details

Resolution 1: Adoption of Financial Statements (Ordinary Resolution)

  • Description: To receive, consider and adopt the audited financial statements for FY ended 31st March 2026 and reports of Board of Directors and Auditors.
  • Promoter Interest: No
  • Result: Passed
  • Voting: 9,089,321 votes polled (56.2639% participation)
  • Votes in Favor: 9,089,318 (100.0000% of votes polled)
  • Votes Against: 3 (0.0000% of votes polled)

Resolution 2: Re-appointment of Mr. Ameet Nalin Parikh (Ordinary Resolution)

  • Description: Re-appointment of Mr. Ameet Nalin Parikh (DIN: 00007036) as Director who retires by rotation.
  • Promoter Interest: No
  • Result: Passed
  • Voting: 9,089,321 votes polled (56.2639% participation)
  • Votes in Favor: 9,089,318 (100.0000% of votes polled)
  • Votes Against: 3 (0.0000% of votes polled)

Resolution 3: [Description not explicitly stated in data - appears related to director appointment]

  • Resolution Type: Ordinary
  • Promoter Interest: No
  • Result: Passed
  • Voting: 9,089,321 votes polled (56.2639% participation)
  • Votes in Favor: 9,089,318 (100.0000% of votes polled)
  • Votes Against: 3 (0.0000% of votes polled)

Resolution 4: Re-appointment of Mr. Ajay Naishad Desai as Whole-time Director (Special Resolution)

  • Description: Re-appointment of Mr. Ajay Naishad Desai as Whole-time Director for five years.
  • Promoter Interest: Yes (promoters abstained from voting)
  • Result: Passed
  • Voting: 1,020,009 votes polled (6.3140% participation)
  • Votes in Favor: 1,020,006 (99.9997% of votes polled)
  • Votes Against: 3 (0.0003% of votes polled)
  • Promoter Abstention: 8,069,312 shares (promoters did not vote due to interest)

Resolution 5: Fixation of Remuneration of Mr. Ajay Naishad Desai (Special Resolution)

  • Description: Fixation of remuneration of Mr. Ajay Naishad Desai.
  • Promoter Interest: No
  • Result: Passed
  • Voting: 9,089,321 votes polled (56.2639% participation)
  • Votes in Favor: 9,089,318 (100.0000% of votes polled)
  • Votes Against: 3 (0.0000% of votes polled)

Resolution 6: [Description not explicitly stated - appears related to Resolution 4]

  • Resolution Type: Special
  • Promoter Interest: Yes (promoters abstained from voting)
  • Result: Passed
  • Voting: 1,020,009 votes polled (6.3140% participation)
  • Votes in Favor: 1,020,006 (99.9997% of votes polled)
  • Votes Against: 3 (0.0003% of votes polled)
  • Promoter Abstention: 8,069,312 shares (promoters did not vote due to interest)

Resolution 7: Fixation of Remuneration of Mr. Ajay Nalin Parikh (Special Resolution)

  • Description: Fixation of remuneration of Mr. Ajay Nalin Parikh.
  • Promoter Interest: No
  • Result: Passed
  • Voting: 9,089,321 votes polled (56.2639% participation)
  • Votes in Favor: 9,089,318 (100.0000% of votes polled)
  • Votes Against: 3 (0.0000% of votes polled)

Resolution 8: Ratification of Cost Auditors Remuneration (Ordinary Resolution)

  • Description: Ratification of Cost Auditors remuneration for financial year 2026-27.
  • Promoter Interest: No
  • Result: Passed
  • Voting: 9,089,321 votes polled (56.2639% participation)
  • Votes in Favor: 9,089,318 (100.0000% of votes polled)
  • Votes Against: 3 (0.0000% of votes polled)

Shareholding Pattern

  • Total Outstanding Shares: 16,154,800
  • Promoter and Promoter Group Holdings: 8,069,312 shares (49.95%)
  • Public Institutions Holdings: 305,286 shares (1.89%)
  • Public Non-Institutions Holdings: 7,780,202 shares (48.16%)

Additional Information

The voting results are also available on the company's website at www.axtelindia.com.

Signing Date: 01-08-2026