Axel Polymers Declares Unaudited Q2 FY27 Results

Axel Polymers Ltd announced its unaudited financial results for the second quarter and half-year ended September 30, 2026. The Board of Directors approved these results in a meeting held on November 13, 2026. The company also noted a Limited Review Report from its statutory auditors. Additionally, the company disclosed a significant demand of ₹31,57,14,784/- (₹31.57 Crore) for Input Tax Credit along with applicable interest and a penalty of ₹55,06,08,824/- (₹55.06 Crore) from the Central GST and Central Excise department. Investigations have been initiated by regulatory authorities, including the GST department and the Income Tax department. Legal proceedings have also been initiated by a vendor for ₹18.00 Cr.