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).

Aksh Optifibre will hold its 39th Annual General Meeting on Monday, September 28, 2026. The meeting is scheduled to take place via Video Conferencing and Other Audio Visual Means.

The company announced the dispatch of the notice and annual report for the financial year ended March 31, 2026. Shareholders holding shares as of the cut-off date of Monday, September 21, 2026, are eligible to vote.

Insolvency Proceedings

Aksh Optifibre is currently undergoing Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code, 2016. The National Company Law Tribunal, Jaipur Bench, appointed Mr. Praveen Kumar Singhal as Interim Resolution Professional on June 19, 2026.

Dr. Kailash Shantilal Choudhari, promoter of the company, appealed this order before the National Company Law Appellate Tribunal in New Delhi. On June 30, 2026, the appellate tribunal ordered that the interim resolution professional shall not take further steps. The company will operate under the supervision of the interim resolution professional with assistance from the appellant and other officers.

E-Voting Details

Remote e-voting will commence on Friday, September 25, 2026, at 9:00 am and conclude on Sunday, September 27, 2026, at 5:00 pm. KFin Technologies Limited has been engaged to provide the e-voting facility.

Members who have cast their votes remotely may attend the meeting but cannot vote again. Those attending without prior remote voting can exercise their rights during the meeting.