Aksh Optifibre Limited shareholders approved all four ordinary resolutions at the 39th Annual General Meeting, with votes in favour ranging from 99.97% to 99.99% of valid votes polled.

The meeting, concluded at 2:12 pm on September 28, 2026, was attended by 123 members via video conferencing. Chairman Dr. Kailash Shantilal Choudhari welcomed attendees, noting that all directors and key managerial personnel participated remotely from the corporate office amidst ongoing Corporate Insolvency Resolution Process proceedings.

Insolvency status and governance

The company disclosed that it is undergoing CIRP under the Insolvency and Bankruptcy Code, 2016, following a June 19, 2026 order by the National Company Law Tribunal, Jaipur Bench. Mr. Praveen Kumar Singhal was appointed as the Interim Resolution Professional (IRP). However, an appeal filed by Dr. Choudhari before the National Company Law Appellate Tribunal resulted in a June 30, 2026 order stating that the IRP shall not take further steps, and the company shall operate under IRP supervision with assistance from the promoter and employees.

Voting results breakdown

Members adopted the audited standalone and consolidated financial statements for FY26. The following ordinary resolutions were passed with requisite majority:

Dr. Choudhari retired by rotation and offered himself for re-appointment, which was approved by shareholders. Mr. Gupta, a Non-Executive Director, was also re-appointed as a professional consultant.

Scrutiny and attendance details

E-voting facilities were provided through KFin Technologies Limited, with remote voting opening on September 25, 2026, and closing on September 27, 2026. M/s Neelam Gupta & Associates served as the scrutinizer to ensure a fair voting process. The consolidated voting results will be reported to stock exchanges and published on company websites.

What the numbers show

The voting data reveals a significant divergence between promoter and public shareholder participation. Promoter group members cast votes representing 314,47,624 shares, accounting for 66.44% of their holding through e-voting and 33.56% through Insta Poll, with 100% support across all resolutions. In contrast, public non-institutional shareholders voted only 5.43% of their total holding. While public opposition existed (ranging from 0.017% to 0.153% against specific items), the overwhelming promoter consensus ensured the passage of all resolutions, highlighting the concentration of voting power in the hands of the promoter group during the insolvency process.

Aksh Optifibre Limited promoter group member Mrs. Mona Kailash Choudhari sold 1,34,165 equity shares via open market transactions on September 24, 2026.

The disclosure was filed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This transaction follows an earlier sale of 93,157 shares on September 22 and 23, 2026, and a prior sale of 1,43,436 shares on September 21, 2026.

Holding details

Prior to this latest sale, Dr. Kailash Shantilal Choudhari held 26,94,129 shares, representing 1.66% of the total share capital. Following the disposal of 1,34,165 shares, the holding stands at 25,59,964 shares, which constitutes 1.57% of the company's paid-up equity capital.

The company's total equity share capital remains unchanged at 16,26,97,971 equity shares of ₹5 each, amounting to ₹81,34,89,855. There were no encumbrances reported on the shares either before or after the transaction.

What the Numbers Show

The promoter group has executed four separate open market sales within a seven-day window in September 2026. The initial sale of 69,278 shares reduced the stake from 1.84% to 1.80%, followed by a sale of 1,43,436 shares lowering it to 1.71%, a third sale of 93,157 shares bringing it down to 1.66%, and now this latest disposal of 1,34,165 shares reducing it to 1.57%. Combined, these transactions resulted in a net reduction of 4,40,036 shares and a total stake decrease of 0.27 percentage points. The consistent selling activity without any change in the company's total diluted share capital suggests a gradual divestment strategy by the Person Acting in Concert (PAC).