AXEL POLYMERS LTD.

Axel Polymers Ltd has announced the closure of its trading window for dealing in the company's securities. This closure is effective from July 1, 2026, and is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015. The window will remain shut for directors, promoters, connected persons, designated employees, and their immediate relatives. The purpose is to facilitate the consideration of the Unaudited Financial Results for the first quarter ending June 30, 2026. The trading window is expected to reopen 48 hours after the declaration of these financial results. The company will inform the date of the Board of Directors' meeting for approving these results in due course.

Axel Polymers Ltd has submitted a supplemental disclosure explaining the delay in its financial results for the fourth quarter and year ended March 31, 2026. Initially, the delay was attributed to the medical exigency of the Statutory Auditor. However, it was later clarified that the delay was due to pending information required by the auditors, not the medical issue itself. The company rescheduled its Board meeting from May 30, 2026, to June 2, 2026, to approve the results and has since submitted them. Axel Polymers assures that measures are in place to prevent future delays.

Axel Polymers Ltd has disclosed the reason for the delay in submitting its financial results for the fourth quarter and year ended March 31, 2026. The delay was caused by a medical exigency faced by the Statutory Auditor, preventing the timely completion of the auditor's report. Consequently, the Board of Directors' meeting, initially scheduled for May 30, 2026, was postponed to June 2, 2026. The company has since approved and submitted the audited financial results and assures that measures are in place to prevent future compliance delays.

Axel Polymers Ltd announced the appointment of Mr. Yogesh Keshariya as an Additional Director under the category of Non-Executive Independent Director. The appointment, effective from June 12, 2026, was approved by the Board of Directors following a recommendation from the Nomination and Remuneration Committee. Mr. Keshariya, a Chartered Accountant with extensive experience in indirect taxes and internal audits, will serve a term of three years, subject to shareholder approval. His appointment is in compliance with SEBI (LODR) Regulations, 2015.

Axel Polymers Ltd announced the appointment of Mr. Yogesh Keshariya as an Additional Director, categorized as Non-Executive Independent Director. This decision was made during the Board of Directors meeting held on June 12, 2026, following a recommendation from the Nomination and Remuneration Committee. Mr. Keshariya, a Chartered Accountant with extensive experience in indirect taxes and internal audits, will serve a term of three years, subject to shareholder approval. His appointment is effective from June 12, 2026.

Axel Polymers Ltd has filed its quarterly statement on the utilization of funds raised through a preferential issue. For the quarter ended March 31, 2026, the company reported no deviations or variations in the use of the Rs. 11.18 crore raised. The funds were allocated to working capital requirements and capital expenditure, with full utilization reported as per the original allocation. This filing confirms adherence to SEBI (LODR) Regulations, 2015.

Axel Polymers Ltd announced that its Board of Directors has approved the audited financial results for the fourth quarter and fiscal year ended March 31, 2026. The results, recommended by the Audit Committee and audited by M/s. Mukund and Rohit, Chartered Accountants, were presented to the board. The company also declared that the auditor's report has an unmodified opinion. Key disclosures include a statement on deviations in preferential issue proceeds and the upcoming publication of financial results in newspapers and on the company's website. The board meeting took place on June 2, 2026.

Axel Polymers Ltd announced that its Board of Directors, in a meeting held on June 2, 2026, approved the audited financial results for the fourth quarter and fiscal year ended March 31, 2026. The Board also took note of the Independent Auditor's Report from M/s. Mukund and Rohit. Additionally, the company reappointed M/s. Chirag Bhatt & Associates as its Internal Auditor for the Financial Year 2026-27. The auditor's report highlighted a material uncertainty related to the company's ability to continue as a going concern due to a significant show cause notice from the GST department regarding alleged wrongful availment of Input Tax Credit (ITC) amounting to Rs. 31.57 crores, along with applicable interest and penalties. The report also noted ongoing investigations by regulatory authorities and legal proceedings initiated by a vendor.

Axel Polymers Ltd has rescheduled its Board of Directors meeting to June 2, 2026, to consider and approve the audited financial results for the fourth quarter and year ended March 31, 2026. The meeting was initially scheduled for May 30, 2026, but was postponed due to unavoidable circumstances. The trading window for dealing in the company's securities will remain closed until 48 hours after the declaration of the financial results, in compliance with SEBI regulations.

Axel Polymers Ltd has scheduled a Board of Directors meeting on May 30, 2026, to consider and approve the audited financial results for the fourth quarter and year ended March 31, 2026. In compliance with SEBI regulations, the trading window will remain closed until 48 hours after the declaration of the financial results.