AKSH OPTIFIBRE LTD.

Aksh Optifibre Ltd has announced the closure of its trading window for all insiders, designated persons, and their immediate relatives. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct. The trading window will remain shut from Wednesday, July 01, 2026, until 48 hours after the declaration of the un-audited financial results (standalone and consolidated) for the quarter ended June 30, 2026. The specific date for the declaration of these results will be communicated separately.

Aksh Optifibre Limited has received the order dated June 19, 2026, from the Hon'ble National Company Law Tribunal (NCLT), Jaipur Bench, concerning the Corporate Insolvency Resolution Process (CIRP). The order confirms that the opinion rendered by the Hon'ble Technical Member on January 21, 2026, shall be treated as the majority opinion and thus constitutes the final order. This follows the company's earlier disclosures regarding the commencement of CIRP and the public announcement made under the Insolvency and Bankruptcy Code, 2016. The NCLT also ordered an interim payment of ₹1 Lakh to the Interim Resolution Professional (IRP) for initiating the CIRP process within three days, to be considered as CIRP cost, with the Committee of Creditors (CoC) to finalize the IRP's fee in a future meeting.

Aksh Optifibre Ltd has officially commenced its Corporate Insolvency Resolution Process (CIRP) as ordered by the National Company Law Tribunal, Jaipur Bench. The announcement, published on June 20, 2026, invites creditors to submit their claims by January 3, 2026. The insolvency process is estimated to conclude by December 16, 2026. Praveen Kumar Singhal has been appointed as the Interim Resolution Professional. This development follows a petition filed by Shantanu Investments Pvt Ltd.

Aksh Optifibre Ltd has announced that the National Company Law Tribunal (NCLT), Jaipur Bench, has admitted an insolvency application filed by Shantanu Investments Private Limited. The application, under Section 7 of the Insolvency and Bankruptcy Code (IBC), pertains to an outstanding debt of ₹2,00,00,000 plus interest. Consequently, the NCLT has ordered the commencement of the Corporate Insolvency Resolution Process (CIRP) for the company. A moratorium under Section 14 of the IBC has been declared, and an Interim Resolution Professional (IRP) has been appointed. The detailed written order is awaited.

Aksh Optifibre Limited has been served with an insolvency application under Section 7 of the Insolvency and Bankruptcy Code, 2016, filed by Shantanu Investments Private Limited. The National Company Law Tribunal (NCLT), Jaipur Bench, delivered divergent opinions, leading to a referral to a third member. This third member concurred with the Technical Member, deeming the application maintainable. The company disputes the order, citing errors in fact and law, and has filed an appeal with the National Company Law Appellate Tribunal (NCLAT). Aksh Optifibre is pursuing all available legal remedies to protect stakeholder interests.

Aksh Optifibre's Board of Directors approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The board also appointed M/s Ajay Kumar Singh & Co. as Cost Auditors for FY2026-27 and re-appointed Felix Advisory Private Limited and M/s S R Goyal & Co. as Internal Auditors for the same period. Additionally, Dr. Kailash Shantilal Choudhari was re-appointed as a Director, and Mr. Satyendra Kumar Gupta was re-appointed as a Professional Consultant, both subject to shareholder approval at the ensuing AGM.

Aksh Optifibre's Board approved its Audited Standalone and Consolidated Financial Results for the quarter and year ended March 31, 2026. For the full year FY26, the company reported a standalone loss before tax of 1,106.40 million. The board also approved the statement of impact of audit qualification for FY26. Additionally, several key appointments were made: M/s Ajay Kumar Singh & Co. as Cost Auditors, and Felix Advisory Private Limited and M/s S R Goyal & Co. as Internal Auditors for FY26-27. The re-appointment of Dr. Kailash Shantilal Choudhari as Director and Mr. Satyendra Kumar Gupta as Professional Consultant were also approved, subject to shareholder approval at the upcoming AGM.

The Board of Directors of Aksh Optifibre Limited met on May 28, 2026, to approve the Audited Standalone and Consolidated Financial Results for the quarter and year ended March 31, 2026. The company reported a standalone profit before tax of ₹59.50 crore for Q4 FY26. The board also approved the Statement of Impact of Audit Qualification for FY26. Additionally, the board appointed M/s Ajay Kumar Singh & Co. as Cost Auditors and re-appointed Felix Advisory Private Limited and M/s S R Goyal & Co. as Internal Auditors for FY 2026-27. Dr. Kailash Shantilal Choudhari was re-appointed as a Director, and Mr. Satyendra Kumar Gupta was re-appointed as a Professional Consultant, both subject to shareholder approval at the upcoming AGM.

Aksh Optifibre Ltd has scheduled a Board of Directors meeting on May 28, 2026, to consider and approve the audited financial results (Standalone and Consolidated) for the quarter and year ended March 31, 2026. The trading window for dealing in the company's securities has been closed from April 01, 2026, and will remain closed until 48 hours after the results are approved and submitted to the stock exchanges.

Aksh Optifibre Ltd has successfully secured the quashing of a securitisation action initiated by Union Bank of India. This development comes after the company filed a Securitisation Application before the Hon’ble Debt Recovery Tribunal, Jaipur, where an interim stay was granted. The Hon’ble DRT, Jaipur, has passed an order setting aside the Demand Notice issued under Section 13(2) of the SARFAESI Act, 2002, and the Possession Notice issued under Section 13(4) of the SARFAESI Act, 2002. Consequently, the securitisation action initiated by the Bank stands quashed by the Hon’ble Tribunal.