Axita Cotton Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026. The certificate was formally submitted to both BSE Limited and the National Stock Exchange of India Limited on April 03, 2026.

Regulatory Compliance Details

The certificate was issued by MUFG Intime India Private Limited (formerly known as Link Intime India Private Limited), which serves as the company's Registrar and Share Transfer Agent. The document confirms that all securities received from depository participants for dematerialisation during Q4FY26 were properly processed and confirmed to the depositories within prescribed timelines.

Certificate Confirmation

MUFG Intime India Private Limited confirmed that securities received for dematerialisation during the quarter were properly accepted or rejected as applicable. The registrar verified that all security certificates received were mutilated and cancelled after due verification by the depository participant, and the names of the depositories were substituted in the register of members as registered owners within the prescribed timelines.

Company Information

Axita Cotton Limited operates as a manufacturer and exporter of cotton products and holds ISO 9001:2015 certification. The company maintains its registered office at Survey No. 324, 357, 358, Borisana, Kadi, Thol Road, Kadi, Mahesana - 382715, Gujarat, with corporate office located in Ahmedabad.

Submission Details

The certificate was signed and submitted by Shyamsunder Panchal, Company Secretary and Compliance Officer (Membership No. A50793), ensuring proper corporate governance and regulatory compliance. The submission was made to both stock exchanges where the company's securities are listed for trading and record-keeping purposes.

Axita Cotton Limited officially submitted its postal ballot voting results to BSE and NSE on March 25, 2026, following the successful completion of its remote e-voting process. The cotton manufacturing and exporting company received overwhelming shareholder approval for all three corporate governance resolutions, with support rates exceeding 99.97% across all proposals.

Regulatory Submission and Compliance

The company submitted detailed voting results to both stock exchanges in compliance with Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The submission included comprehensive scrutinizer reports and voting analytics, demonstrating full regulatory adherence.

Resolution Outcomes and Voting Results

All three resolutions achieved exceptional approval rates, with promoter groups showing 100% support and strong public shareholder participation. The voting demonstrated clear alignment between management and shareholder interests.

Resolution 1: Amendment to Main Object Clause

The special resolution to approve addition and alteration in main object clause of the memorandum of associations received the highest overall support.

Resolution 2: Adoption of New Memorandum of Association

The second special resolution for adopting new set of memorandum of association as per Companies Act, 2013 also received strong endorsement.

Resolution 3: Authorization for Document Service Charges

The ordinary resolution to authorize company to charge for service of documents to members under Section 20 of the Companies Act, 2013 received broad approval.

Corporate Governance and Process Details

The postal ballot process was conducted exclusively through remote e-voting using National Securities Depository Limited (NSDL) platform. The company appointed Mr. Premnarayan Ramanand Tripathi, proprietor of M/s. PRT & Associates, as the scrutinizer to oversee the entire voting process. Newspaper advertisements were published on February 21, 2026 in Financial Express (English) and Ahmedabad Express (Gujarati) to notify shareholders.

Strategic Implications

The approved resolutions enable significant business expansion opportunities for the company. The first resolution allows addition of new business activities including commodity trading, digital assets, and virtual currencies. The second resolution modernizes the memorandum of association to align with current Companies Act, 2013 provisions. The third resolution authorizes charging ₹200 per document for specific delivery requests from members.

The successful completion of this postal ballot process demonstrates strong shareholder confidence in Axita Cotton Limited's strategic direction and corporate governance practices. All resolutions were declared passed with requisite majority on March 25, 2026, following the scrutinizer's comprehensive report submission to stock exchanges.