AKSH OPTIFIBRE LTD.

Aksh Optifibre Limited announced its unaudited financial results for the quarter ended June 30, 2026. The results, which were standalone and consolidated, were reviewed by the Audit Committee and approved by the Interim Resolution Professional (IRP) and the Board. The company's financial performance for the period was presented following a board meeting held on August 14, 2026. The filing also noted that the Hon'ble NCLT, Jaipur Bench, had admitted a petition for initiation of Corporate Insolvency Resolution Process (CIRP) against the company on June 19, 2026, and appointed an Interim Resolution Professional.

Aksh Optifibre Ltd announced the outcome of its Board Meeting held on August 14, 2026. The Board, after review by the Audit Committee and approval by the Interim Resolution Professional (IRP), approved the Unaudited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2026. The company also submitted the Limited Review Report from its statutory auditors, M/s. P.C. Bindal & Co. The filing notes that the Hon'ble NCLT, Jaipur Bench, admitted a petition for Corporate Insolvency Resolution Process (CIRP) against the company on June 19, 2026, appointing Mr. Praveen Kumar Singhal as the Interim Resolution Professional (IRP).

Aksh Optifibre Ltd has announced that its Board of Directors will convene on August 14, 2026. The primary agenda item for this meeting is to consider and approve the company's Unaudited Financial Results for the quarter ended June 30, 2026, on both standalone and consolidated bases. Additionally, other business matters will be discussed. The company also confirmed that the trading window, which was closed from July 1, 2026, in accordance with SEBI (Prohibition of Insider Trading) Regulations, will remain closed until 48 hours after the declaration of these financial results.

Aksh Optifibre Limited's promoter has appealed to the Hon'ble National Company Law Appellate Tribunal (NCLAT) against an NCLT order initiating Corporate Insolvency Resolution Process (CIRP). The NCLAT, on June 30, 2026, directed the Interim Resolution Professional (IRP) to halt further steps under the NCLT order. The company's affairs and operations will continue under the IRP's supervision, with assistance from the appellant (promoter), officers, and employees. The appellant is permitted to deposit ₹2 Cr principal plus interest totaling ₹3,33,14,075/- in installments.

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.