Solidarity Advisors raises Axtel Industries stake to 5.20%

Solidarity Advisors Private Limited has increased its shareholding in axtel industries to 5.20% following an open market transaction on June 19, 2026. The acquisition, involving 70,824 equity shares representing 0.44% of the equity share capital, was disclosed under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The acquirer, acting under its SEBI-registered Portfolio Management Services license, does not belong to the promoter or promoter group of the target company.

Prior to the transaction, Solidarity Advisors Private Limited, along with persons acting in concert, held 7,68,951 shares, which accounted for 4.76% of the total equity share capital. The recent purchase of 70,824 shares brought the total post-acquisition holding to 8,39,775 shares. The total equity share capital of Axtel Industries Limited remains unchanged at 1,61,54,800 equity shares with a face value of INR 10, totaling INR 16,15,48,000.

The following table details the shareholding changes:

Shareholding Detail	Number of Shares	% of Total Share Capital	% of Diluted Share Capital
Before Acquisition
Shares carrying voting rights	7,68,951	4.76%	4.76%
Encumbrance	NIL	NIL	NIL
Voting rights otherwise than by equity shares	NIL	NIL	NIL
Warrants/convertible securities	NIL	NIL	NIL
Total	7,68,951	4.76%	4.76%
Acquisition Details
Shares acquired	70,824	0.44%	0.44%
After Acquisition
Shares carrying voting rights	8,39,775	5.20%	5.20%
Encumbrance	NIL	NIL	NIL
Voting rights otherwise than by equity shares	NIL	NIL	NIL
Warrants/convertible securities	NIL	NIL	NIL
Total	8,39,775	5.20%	5.20%

The acquisition was executed via the open market route. There are no encumbrances, voting rights other than equity shares, or warrants involved in the holding. The disclosure was submitted within the stipulated time prescribed under the SEBI (SAST) Regulations, 2011. Ms Naarah Myron Pereira, Head of Compliance at Solidarity Advisors Private Limited, confirmed the filing.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.02%	-0.96%	-0.99%	+4.34%	-5.52%	+39.54%

Axtel Industries Limited has announced the outcome of its Board of Directors meeting held on Thursday, May 7, 2026, at the company's registered office in Baska, Panchmahals, Gujarat. The board has recommended that the interim dividend of ₹12.00 (Rupees Twelve only) per equity share, as declared at an earlier board meeting held on March 2, 2026, be treated as the Final Dividend for the financial year 2025-26, subject to approval of the members at the ensuing Annual General Meeting of the company.

Board Meeting Outcome

The key resolution passed at the May 7, 2026 board meeting is summarised below:

Parameter:	Details
Meeting Date:	May 7, 2026
Dividend Per Share:	₹12.00 (Rupees Twelve only)
Dividend Type:	Final Dividend for FY 2025-26
Original Declaration:	Interim dividend declared on March 2, 2026
Subject To:	Approval of Members at the ensuing AGM

Regulatory Compliance

Axtel Industries formally communicated the board meeting outcome to BSE Limited through a disclosure dated May 7, 2026, in compliance with Regulation 30 of the applicable regulatory framework. The intimation was signed by Dharaben Mehulkumar Thakar, Company Secretary and Compliance Officer. The notification is also available on the company's official website at www.axtelindia.com under the investor relations section.

Axtel Industries Limited, incorporated in 1991, operates under the Corporate Identity Number L91110GJ1991PLC016185. Its registered office is located at Vadodara Halol Highway, Baska, Panchmahals - 389350, Gujarat. Shareholders and investors can access all stock exchange notifications and related documents through the company's dedicated investor relations portal.