Meeting Details

The 39th Annual General Meeting was held on Monday, September 28, 2026, at 02:00 P.M. through video conferencing/other audio visual means. The meeting concluded at 02:12 P.M. The meeting was conducted in compliance with the Companies Act, 2013 and various circulars issued by the Ministry of Corporate Affairs and SEBI.

Corporate Insolvency Resolution Process Context

The document discloses that Aksh Optifibre Limited is undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016, pursuant to an order dated June 19, 2026, passed by the Hon'ble National Company Law Tribunal, Jaipur Bench. Mr. Praveen Kumar Singhal was appointed as the Interim Resolution Professional (IRP).

Dr. Kailash Shantilal Choudhari, Promoter of the Company, preferred an appeal (Company Appeal (AT) (Insolvency) No. 1095 of 2026) before the Hon'ble National Company Law Appellate Tribunal, New Delhi (NCLAT). Vide its order dated June 30, 2026, the Hon'ble NCLAT held that the IRP shall not take any further steps and the Company shall be run under the supervision of the IRP with the assistance of the Appellant, other officers and employees of the Company.

Attendance and Participation

Dr. Kailash Shantilal Choudhari, Chairman of the Company, presided over the meeting. All Directors, Interim Resolution Professional (IRP), Key Managerial Personnel including Chairman of the Audit Committee, Stakeholders Relationship Committee, Nomination and Remuneration Committee & Corporate Social Responsibility Committee were present through VC from the Corporate Office. Statutory Auditors and Secretarial Auditors were also present through VC from their respective locations.

A total of 123 Members were present at the AGM, with breakdown: Promoter & Promoter Group - 7 members, Public - 116 members.

Voting Process

The Company provided facility for casting votes through e-Voting system provided by KFin Technologies Limited. The remote e-Voting commenced on Friday, September 25, 2026 at 09:00 A.M. and ended on Sunday, September 27, 2026 at 05:00 P.M. Facility of e-Voting at AGM was also made available for members who participated in the AGM through VC/OAVM and had not cast their vote earlier by remote e-Voting.

M/s Neelam Gupta & Associates, Practicing Company Secretaries, were appointed as Scrutinizer to scrutinize the remote e-Voting/voting process in a fair and transparent manner.

Resolutions Transacted and Passed

The following resolutions as stated in the Notice of AGM were transacted and passed with requisite majority:

Ordinary Business:

  • Resolution 1: To receive, consider and adopt the Annual Audited Financial Statements (Standalone & Consolidated) of the Company for the Financial Year ended March 31, 2026, and the Report of Board of Directors and the Auditors thereon (Ordinary Resolution)
  • Resolution 2: To appoint a Director in place of Dr. Kailash Shantilal Choudhari (DIN:00023824), who retires by rotation and being eligible, offers himself for re-appointment (Ordinary Resolution)

Special Business:

  • Resolution 3: Re-appointment of Mr. Satyendra Kumar Gupta (DIN: 00035141), Non Executive Director of the Company as Professional Consultant of the Company (Ordinary Resolution)
  • Resolution 4: Ratification of Cost Auditor's Remuneration for the Financial year ending March 31, 2027 (Ordinary Resolution)

Additional Proceedings

The Chairman invited registered speakers to raise queries and offer comments, which were addressed during the meeting.

The consolidated results of the remote e-Voting as well as e-Voting in the AGM were to be made available together with the Scrutinizer's report on the websites of the Company & Kfin Technologies (RTA of the Company) and intimated to NSE and BSE.

The meeting concluded with a vote of thanks at 02:12 P.M., with Insta-Poll concluding at 02:27 P.M.