Axtel Industries Limited has made disclosures under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, regarding board approvals for director appointments. The Board of Directors at its meeting held on Thursday, 6th August, 2026, approved the following matters as previously approved by shareholders at the Annual General Meeting held on Friday, 31st July, 2026:

Item 1: Re-appointment of Mr. Ajay Naishad Desai as Whole-time Director

  • Appointment Date: Effective from 1st March, 2027
  • Term: Five years from 1st March, 2027 to 28th February, 2032
  • Approval Process: Approved by shareholders at AGM on 31st July, 2026 and subsequently by Board on 6th August, 2026
  • Profile: Mr. Desai is an Electrical Engineer from The Maharaja Sayajirao University, Vadodara with over 45 years of experience in process and equipment design for food, dairy and pharmaceutical industries. He has been associated with Axtel Industries since its inception in 1992 and played a key role in its growth, technological development and market leadership. He has extensive experience in designing and developing process equipment for leading domestic and multinational food processing companies.
  • Relationship Disclosure: None of the Directors or Key Managerial Personnel of the Company are directly related with Mr. Ajay Naishad Desai.

Item 2: Continuation of appointment of Mr. Ajay Nalin Parikh as Whole-time Director

  • Continuation Period: Until 31st July, 2028
  • Legal Basis: Continuation of appointment under section 196(3)(a) of the Companies Act, 2013 for the remaining period of his tenure
  • Approval Process: Approved by shareholders at AGM on 31st July, 2026 and subsequently by Board on 6th August, 2026
  • Profile: Mr. Parikh is a Mechanical Engineer from The Maharaja Sayajirao University of Baroda with over 45 years of experience in design, engineering and manufacturing of process equipment and plants for food, dairy and pharmaceutical industries. He has been associated with Axtel Industries since its inception in 1992 and played a key role in establishing and expanding the Company's manufacturing facilities. Under his technical leadership, the Company developed indigenously designed, import-substitute process equipment and established itself as a preferred supplier to leading domestic and global food and FMCG companies.
  • Relationship Disclosure: None of the Directors or Key Managerial Personnel of the Company, except Mr. Ameet Nalin Parikh (being the brother of Director), is related to Mr. Ajay Nalin Parikh.

Additional Information

The disclosures are available on the company website at www.axtelindia.com.