Axel Polymers Ltd has disclosed the reasons for the delay in submitting its audited financial results for the fourth quarter and year ended March 31, 2026. The delay was attributed to the medical exigency of the Statutory Auditor, which prevented the timely completion of the Statutory Auditor's Report. As a result, the financial results could not be placed before the Board of Directors for approval within the prescribed regulatory timeline.

The company had initially scheduled a meeting of its Board of Directors on May 30, 2026, to consider and approve the Standalone Audited Financial Results. However, due to the unavailability of the auditor's report, the meeting was rescheduled to June 2, 2026. The company informed the stock exchange about this change in schedule.

Following the rescheduled meeting, the Board considered and approved the Standalone Audited Financial Results for the period. The results have since been submitted to the stock exchange. The company expressed regret over the delay and assured stakeholders that adequate measures have been implemented to ensure timely compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 in the future.

This disclosure was made in compliance with Regulation 33 of the SEBI (LODR) Regulations, 2015 and Para B of Section III-A of Chapter III of SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/2023/120 dated July 11, 2023.

Axel Polymers Ltd has appointed Yogesh Keshariya as a Non-Executive Independent Director to strengthen its board oversight, effective June 12, 2026. The appointment is for a term of three years and is subject to the approval of shareholders at the next General Meeting or within three months from the date of appointment, whichever is earlier. Keshariya will not be liable to retire by rotation.

The company disclosed the appointment in a regulatory filing under Regulation 30 of the LODR, read with the SEBI Master Circular No SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The filing confirmed that Keshariya is not related to any other directors on the board.

Director Profile

Yogesh Keshariya (DIN: 07063024) is a Chartered Accountant and holds a Bachelor of Commerce degree. He is also qualified as DISA (ICAI) and has been in professional practice since 1993. He currently serves as an IDT Partner at CNK, Vadodara, specialising in Indirect Taxes and Internal Audits.

His professional experience includes handling GST Reviews, GST Litigation matters, statutory compliances, and internal audit assignments. Additionally, Keshariya has served as an Assistant Professor at the Faculty of Commerce, The Maharaja Sayajirao University of Baroda for over 25 years.

Appointment Details