Axtel Industries Ltd

Dematerialisation processing and registry updates

• Dematerialisation requests received during quarter ended 30 September 2026 were confirmed to the depositories as accepted or rejected.
• Securities dematerialised have been listed on the stock exchanges where the existing securities are listed.
• Physical dematerialisation certificates were mutilated and cancelled after verification.
• Depository name substituted as registered owner within prescribed timelines.

AXTEL INDUSTRIES LIMITED: Trading window closed from 1 October 2026; will open after 48 hours of announcement of unaudited financial results for the quarter/half-year ending 30 September 2026, after board approval

Parties

• Axtel Industries Limited and Foundation for Science Innovation and Development (FSID), IISc.

Purpose

• Exclusive license to technology, know-how, and IP for Cryogenic Counter-Rotating Pin-Disc Impact Milling System.
• FSID to deliver a fully integrated prototype with technical documentation and support.

Key terms

• Up to ₹3 crores payable for prototype equipment.
• Royalties linked to sales, capped at ₹3 crores.
• Exclusive license granted, subject to agreement terms.
• Delivery of prototype, tech docs, know-how, and technical support by FSID.
• Domestic agreement; no share exchange.
• License is exclusive, within specified field of use.

Related party & impact

• Related party status: Not a related party transaction.
• Impact: Access and commercialization of advanced cryogenic grinding technology.
• Prototype transfer accelerates commercialization and expands product capabilities.
• Potential new product lines across permitted fields.

Disclosures

• Regulatory disclosures under SEBI Reg 30 provided via Annexure 1.
• Details available on the company website.
• Annexure II outlines rationale and benefits.

Director appointments

• Re-appointment of Ajay Naishad Desai as WTD for five years, 1 Mar 2027 to 28 Feb 2032.
• Continuation of Ajay Nalin Parikh as WTD until 31 July 2028.
• Board approved on 6 Aug 2026, following AGM approval on 31 Jul 2026.
• Regulatory disclosures under Regulation 30 provided in Annexure 1.
• Related party disclosure: Ameet Nalin Parikh is Ajay Parikh's brother.

Financial snapshot

• Q1 FY2027 unaudited total income: 7,159.54 lacs.
• Profit after tax from continuing operations: 195.74 lacs.
• EPS (continuing operations): Basic ₹1.21; Diluted ₹1.21.
• Auditors' review: unmodified opinion.
• Single segment: process engineering equipment for food processing.
• Board approved results on 06-08-2026; results available on company website.

AGM decisions

• AGM approved audited FY2026 financial statements and Board/Auditors' reports.
• Re-appointed Mr. Ameet Nalin Parikh as Director, retiring by rotation.
• Declared interim dividend as final dividend for FY ended 31 March 2026.
• Re-appointment of Ajay Naishad Desai as Whole-time Director for five years.
• Fixation of remuneration for Ajay Naishad Desai as Whole-time Director.
• Continuation of Ajay Nalin Parikh as Whole-time Director.
• Fixation of remuneration for Ajay Nalin Parikh as Whole-time Director.
• Ratification of Cost Auditors' remuneration for FY 2026-27.

AGM details

• AGM held on 31 July 2026 at 11:00 a.m. via VC/OAVM.

Key resolutions

• Ordinary: Adopt audited financial statements and reports.
• Ordinary: Appoint Ameet Nalin Parikh as Director liable to retire by rotation.
• Ordinary: Declare dividend for year ended 31 March 2026.
• Special: Re-appoint Ajay Naishad Desai as Whole-time Director for five years.
• Special: Fix remuneration of Ajay Naishad Desai, Whole-time Director.
• Special: Continue Ajay Nalin Parikh as WTD for five years.
• Special: Fix remuneration of Ajay Nalin Parikh as WTD.
• Ordinary: Ratify remuneration of Cost Auditor Diwanji & Co.

Voting results

• Resolution 1: Passed; For 9,089,318; Against 3.
• Resolution 2: Passed; For 9,089,318; Against 3.
• Resolution 3: Passed; For 9,089,318; Against 3.
• Resolution 4: Passed; For 1,020,006; Against 3.
• Resolution 5: Passed; For 9,089,318; Against 3.
• Resolution 6: Passed; For 1,020,006; Against 3.
• Resolution 7: Passed; For 9,089,318; Against 3.
• Resolution 8: Passed; For 9,089,318; Against 3.

Dividend

• Dividend resolution approved.

Directors

• Ameet Nalin Parikh appointed as Director liable to retirement by rotation.
• Ajay Naishad Desai re-appointed as Whole-time Director for five years.
• Ajay Nalin Parikh continued as Whole-time Director for five years.

Auditors

• Remuneration of Cost Auditor Diwanji & Co. ratified.

Other material approvals

• Remuneration-related approvals for WTDs and cost auditor ratified.

AGM Details

• Date, time, mode: 31 July 2026 at 11:00 a.m., via VC/OAVM.

Key Resolutions

• Adopt Audited Financial Statements for year ended 31 March 2026 with Directors’ and Auditors’ reports.
• Re-appoint Ameet Nalin Parikh as Director liable for retirement by rotation.
• Declare interim dividend as final dividend for FY 2025-26.
• Re-appoint Ajay Naishad Desai as Whole-time Director for five years.
• Fix remuneration of Ajay Naishad Desai, Whole-time Director.
• Continue appointment of Ajay Nalin Parikh as Whole-time Director.
• Fix remuneration of Ajay Nalin Parikh, Whole-time Director.
• Ratify remuneration of M/s Diwanji & Co., Cost Auditors for 2026-27.

Dividend

• Interim dividend of ₹12.00 per equity share declared as final for FY 2025-26.

Auditors

• Cost Auditor remuneration ratified for 2026-27.

Voting Results

• Resolution 1 results not disclosed.
• Resolution 2 results not disclosed.
• Resolution 3 results not disclosed.
• Resolution 4 results not disclosed.
• Resolution 5 results not disclosed.
• Resolution 6 results not disclosed.
• Resolution 7 results not disclosed.
• Resolution 8 results not disclosed.

Dematerialisation status

• Dematerialisation requests received during the quarter were processed and confirmed to the depositories.
• Securities dematerialised have been listed on the stock exchanges where the earlier securities are listed.
• Physical certificates for dematerialisation were mutilated and cancelled; depository name substituted as registered owner within timelines.

Book closure and AGM details

• Book closure: not required; registers remain open.
• Cut-off date for entitlement of e-voting: 24 July 2026.
• Remote e-voting: 28 July 2026, 9:00 a.m. to 30 July 2026, 5:00 p.m.
• AGM date: 31 July 2026.
• Security: Equity shares.