Promoters of Aksh Optifibre Limited have confirmed that no new encumbrance was created on the company's shares during the financial year ended March 31, 2026. This disclosure, submitted to the National Stock Exchange of India Limited and BSE Limited, ensures that existing shareholding structures remain free of undisclosed charges or liens for the specified period.

The declaration was made in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. It confirms that the promoter and promoter group have not made any encumbrance, directly or indirectly, other than those already disclosed to the stock exchanges and the company.

Details of Declarants

The filing was submitted on behalf of the promoter and promoter group members. The table below details the individuals covered under this declaration.

The declaration was signed by Mr. Popatlal Fulchand Sundesha, Promoter, and addressed to the stock exchanges. Copies of the disclosure were forwarded to the Audit Committee and the Compliance Officer of Aksh Optifibre Limited.

Aksh Optifibre Limited has filed an appeal before the National Company Law Appellate Tribunal (NCLAT) challenging an order that deemed an insolvency application against it maintainable. The application under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) was filed by Shantanu Investments Private Limited. The Company stated that the order suffers from errors on facts and law and that it is pursuing all available legal remedies to safeguard stakeholder interests.

The matter was initially heard by a Division Bench of the NCLT, Jaipur Bench. The Hon'ble Judicial Member and Hon'ble Technical Member delivered separate and divergent opinions. Due to this difference of opinion, the matter was referred to a third Member nominated by the Hon'ble President, NCLT, to consider the points of difference.

After hearing the parties, the Hon'ble third Member concurred with the view expressed by the Hon'ble Technical Member. The application under Section 7 of the IBC was held to be maintainable, and the matter was referred back to the original Bench for passing appropriate orders in accordance with law.

The disclosure was made to the National Stock Exchange of India Ltd and BSE Ltd on June 10, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Company confirmed its commitment to keeping the stock exchanges informed of any material developments regarding the proceedings.