The National Company Law Appellate Tribunal (NCLAT) has directed the promoter of Aksh Optifibre Limited to deposit Rs 3.33 crore, comprising a principal amount of Rs 2 crore plus interest, while staying further actions by the Interim Resolution Professional (IRP). The order, dated June 30, 2026, allows the company to continue operations under the supervision of the IRP with assistance from the appellant and other officers. The tribunal has listed the matter for further hearing on August 6, 2026.

The appeal was filed by Dr. Kailash Shantilal Choudhari against an order passed by the National Company Law Tribunal (NCLT), Jaipur Bench, regarding the commencement of the Corporate Insolvency Resolution Process (CIRP). During the hearing, the counsel for the appellant submitted that the company is a running concern with a large number of employees. The respondent's counsel confirmed that while public announcements had been made by the IRP, the Committee of Creditors (CoC) had not yet been constituted.

The NCLAT permitted the appellant to deposit the principal amount of Rs 2 crore within three weeks, with the remaining amount to be deposited within a further period of three weeks. The tribunal clarified that the IRP shall not take any further steps pursuant to the impugned order of the NCLT. The company's affairs and operations will remain under the supervision of the IRP, assisted by the appellant, other officers, and employees of the company.

Aksh Optifibre Limited stated that it remains committed to safeguarding the interests of all stakeholders and will keep the stock exchanges informed of any material developments. The disclosure was made to the National Stock Exchange of India Ltd and BSE Ltd under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

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.