Axel Polymers Board Approves Q1 FY27 Unaudited Results, Reappoints Directors

Axel Polymers Ltd announced the outcome of its Board Meeting held on August 14, 2026. The Board approved the unaudited financial results for the first quarter ended June 30, 2026, along with the Limited Review Report. Key decisions included the reappointment of Mr. Gaurav Thanky as Managing Director and Mr. A.B. Bodhanwala as Non-Executive Director, both effective October 1, 2026, subject to shareholder approval. Remuneration for both directors was also approved, pending shareholder consent. The meeting also noted a Show Cause Notice from GST authorities regarding alleged wrongful availment of ITC.