Axis Solutions shareholders approved the re-appointment of M/s. Chandabhoy & Jassoobhoy as statutory auditors for a second term of five consecutive years during its 41st Annual General Meeting on September 19, 2026.

The firm, holding Firm Registration No. 101648W, will serve from the conclusion of the 41st AGM until the conclusion of the 46th AGM, scheduled for FY31. The appointment was subject to member approval and Board-determined terms.

Dividend and Financial Approvals

The company also declared a final dividend of ₹0.60 per equity share for the financial year ended March 31, 2026. Shareholders approved the adoption of both standalone and consolidated audited financial statements for FY26.

Governance and Appointments

The AGM resolved to re-appoint Mr. Anand Shah as a Director after his retirement by rotation. He was eligible and offered his candidature for the position. Additionally, the company approved the revision in remuneration for three key executives:

• Mr. Bijal Sanghvi, Managing Director
• Mrs. Purvi Sanghvi, Executive Director & CEO
• Mr. Anand Shah, Executive Director

Auditor Ratifications

Shareholders ratified the appointment of M/s. Chandabhoy & Jassoobhoy as Statutory Auditors for the coming term. The firm holds Firm Registration No. 101648W. Furthermore, M/s. Utkarsh Shah & Co., Company Secretaries (Firm Registration No. S2022GJ889900), were re-appointed as Secretarial Auditors.

The meeting also included the ratification of remuneration payable to the Cost Auditor for FY27. All business items were transacted through remote e-voting and e-voting at the meeting, in compliance with SEBI Listing Regulations and the Companies Act, 2013.

Axis Solutions Limited confirmed the completion of its physical meeting with investors on September 7, 2026. The company shared an investor presentation detailing its business strategy and recent financial performance.

The interaction was held pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Bijal Sanghvi, Managing Director, issued the intimation confirming that management presented to investors based on the enclosed deck.

Financial Highlights

Axis Solutions reported revenue from operations of ₹2,407 million for FY26, reflecting growth from ₹2,013 million in FY25 and ₹1,364 million in FY24. The company achieved a revenue CAGR of 21% over the FY24-FY26 period.

EBITDA stood at ₹451 million in FY26, maintaining a margin of 19%, consistent with FY24 levels. Profit after tax (PAT) was ₹288 million, resulting in a 12% margin. The presentation noted that tax outgo was nil in FY24 and FY25 due to available losses, whereas tax expense was ₹104 million in FY26.

Order Book and Growth Drivers

The company disclosed an order book of ₹765 million as on the date of the presentation. In Q1FY27 alone, the order book build-up reached ₹4,774 million, significantly higher than the full-year build-ups of ₹1,778 million in FY26, ₹1,604 million in FY25, and ₹2,506 million in FY24.

Water systems and liquid applications constituted 88% of the Q1FY27 order inflow. The company highlighted strategic priorities including proprietary products, import substitution, digital technologies, and emerging opportunities in hydrogen and new energy.

What the Numbers Show

The surge in Q1FY27 order book build-up to ₹4,774 million, driven largely by water system contracts, contrasts with the more diversified segment mix in previous fiscal years. This concentration suggests a significant near-term revenue visibility from the water infrastructure sector, supported by policy tailwinds such as Jal Jeevan Mission 2.0.

Meeting Details

The physical group session took place at the company’s venue in BKC, Mumbai. The company emphasized that only information available in the public domain was discussed, with no unpublished price-sensitive information disclosed.