Axtel Industries Limited has scheduled its 34th Annual General Meeting for July 31, 2026, at 11:00 a.m. via video conferencing. The meeting will address the adoption of audited financial statements for the year ended March 31, 2026, and the re-appointment of key directors. The Board has recommended an interim dividend of ₹12.00 per equity share for FY26, which will be considered as the final dividend subject to shareholder approval.

The special business includes the re-appointment of Mr. Ajay Naishad Desai as Whole-time Director for a period of five years effective from March 1, 2027. Additionally, the meeting will seek approval to continue the appointment of Mr. Ajay Nalin Parikh as Whole-time Director for the remainder of his tenure up to July 31, 2028, notwithstanding his attainment of 70 years of age during the term.

Shareholders will vote on resolutions to fix the remuneration for both directors. The proposed remuneration structure includes a salary not exceeding ₹30.00 lakhs per month, with an overall ceiling of ₹3.60 crore per annum covering salary, perquisites, and allowances. The revised remuneration is proposed to be effective from August 1, 2026.

The remote e-voting period commences on July 28, 2026, at 9:00 a.m. and concludes on July 30, 2026, at 5:00 p.m. The record date to determine shareholder eligibility for e-voting is set for July 24, 2026. Pursuant to Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) (Third Amendment) Regulations, 2024, the company is not required to close its registers of members and share transfer book.

Remuneration Details for Whole-time Directors

Axtel Industries reported a net profit of ₹3115.95 lakhs for the financial year ended March 31, 2026, a 72.8% increase from ₹1802.52 lakhs in the previous year. Revenue from operations rose 25.32% to ₹22376.69 lakhs compared to ₹17855.87 lakhs in FY25, driven by a rise in orders from clients. The company’s total turnover increased by ₹4520.82 lakhs during the year.

Financial Performance

The company’s profit before tax stood at ₹4140.40 lakhs for FY26, up from ₹2393.27 lakhs in the prior year. Earnings per share (EPS) for the year increased to ₹19.29 from ₹11.16 in FY25. The board of directors has recommended that the interim dividend of ₹12 per equity share (120%) declared for FY26 be considered as the final dividend at the upcoming annual general meeting.

Operational Highlights

Total turnover during the year was ₹22376.69 lakhs, an increase of 25.32% over the previous year’s ₹17855.87 lakhs. The company reported exports of ₹2688.59 lakhs during FY26. To manage the rise in orders, the company expanded its production capacity by extending its existing factory shed and installing additional machinery.

Dividend and Corporate Governance

The board declared an interim dividend of ₹12 per share for FY26. For the previous year, the total dividend paid was ₹11 per share. The company has voluntarily adopted a Dividend Distribution Policy in line with SEBI regulations. The annual general meeting is scheduled for July 31, 2026, via video conferencing.

Key Financial Metrics

The auditors, VRCA & Associates, issued an unqualified report for the year.