Mrs. Mona Kailash Choudhari, part of the promoter group at Aksh Optifibre Limited , disclosed the sale of shares via an open market transaction. The disclosure was filed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The acquirer identified in the disclosure is Dr. Kailash Shantilal Choudhari, classified as a Person Acting in Concert (PAC). The transaction involved the sale of 69,278 equity shares carrying voting rights on September 18, 2026.

Holding details

Prior to the sale, Dr. Kailash Shantilal Choudhari held 30,00,000 shares, representing 1.84% of the total share capital. Following the disposal, the holding stands at 29,30,722 shares, which constitutes 1.80% 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 reduction in stake by the PAC member is marginal, decreasing from 1.84% to 1.80%. The data indicates that while there is active selling from the promoter group, the overall diluted share capital of the target company has remained static, suggesting no fresh issuance of convertible securities or warrants alongside this divestment.

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.