Aksh Optifibre Limited reported a narrowed net loss of ₹856.42 lakh for the financial year ended March 31, 2026, compared to a loss of ₹2,011.30 lakh in the previous year. Revenue from operations for the year stood at ₹12,570.66 lakh, slightly lower than the ₹12,712.48 lakh recorded in FY25. For the quarter ended March 31, 2026, the company posted a net profit of ₹25.67 lakh, a turnaround from the loss of ₹1,760.53 lakh in the same period last year.

The Board of Directors approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026 at a meeting held on May 28, 2026. The meeting also saw the appointment of M/s. Ajay Kumar Singh & Co., Cost Accountants, for the financial year 2026-27 and the re-appointment of Felix Advisory Private Limited as Internal Auditor. The company published these audited financial results in "The Financial Express" and "Lokmat" on May 29, 2026, pursuant to Regulation 47 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

Financial Performance

The company’s total income for FY26 was ₹12,772.02 lakh, down from ₹12,869.17 lakh in the previous year. Total expenses decreased to ₹13,935.55 lakh from ₹15,109.08 lakh in FY25. The company reported an exceptional income of ₹57.13 lakh for the year, compared to ₹38.73 lakh in the prior year.

Audit Qualifications and Disclosures

P.C. Bindal & Co., the statutory auditors, issued a qualified opinion on the standalone and consolidated financial results. The qualification arises from the company's failure to account for interest aggregating to ₹2,146.35 lakh and cenvatable duty aggregating to ₹840.19 lakh related to the Advance Authorization scheme and Export Promotion Capital Goods (EPCG) schemes.

The management believes these liabilities will be resolved under a government amnesty scheme and has not recognised them in the financial results. Had these liabilities been recognised, total liabilities as at March 31, 2026, would have increased by ₹2,986.54 lakh, and the loss for the year would have increased by ₹115.01 lakh (net of tax).

The auditors also drew attention to several matters, including foreign currency payables and receivables outstanding beyond the period prescribed by the Foreign Exchange Management Act, and an application filed by a financial creditor under the Insolvency and Bankruptcy Code, 2016, which is pending adjudication before the National Company Law Tribunal. Additionally, the company received notices from Union Bank of India and HDFC Bank under the SARFAESI Act, 2002, regarding outstanding dues, which the company is actively pursuing to settle through a One Time Settlement arrangement.

Aksh Optifibre has notified the stock exchanges of an upcoming Board of Directors meeting, scheduled for Thursday, May 28, 2026, in compliance with Regulation 29(1) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was issued on May 13, 2026, and signed by Mayank Chadha, Company Secretary & Compliance Officer (ICSI Membership No.: F13404), on behalf of the company.

Board Meeting Agenda

The primary purpose of the meeting is to consider and approve the audited financial results of the company — both standalone and consolidated — for the quarter and year ended March 31, 2026, along with any other business matters as may arise. The key details of the scheduled board meeting are summarised below:

Trading Window Closure

In connection with the forthcoming board meeting, Aksh Optifibre had earlier issued an intimation dated March 24, 2026, regarding the closure of the Trading Window for dealing in the company's securities. Pursuant to the company's Code of Conduct framed in accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, the Trading Window was closed effective April 01, 2026, for all persons specified under the Code.

The Trading Window will remain closed until 48 hours after the audited financial results for the quarter and year ended March 31, 2026, are approved by the Board of Directors and submitted to the stock exchanges. This measure is in line with standard regulatory requirements aimed at preventing insider trading during periods of material unpublished price-sensitive information.

Regulatory Compliance

The board meeting intimation was addressed to both the National Stock Exchange of India Limited and BSE Limited, fulfilling the company's disclosure obligations under applicable SEBI regulations. The filing underscores Aksh Optifibre's adherence to its listing obligations and timely communication with market participants ahead of the announcement of its annual financial results.