Aksh Optifibre Limited has announced a significant legal victory in its arbitration proceedings against Bharat Sanchar Nigam Limited (BSNL), with the Arbitral Tribunal ruling in favor of the company's claims for delayed payment interest on supplies made during the 2018-19 period. The company received the tribunal's order on December 25, 2025.

Arbitration Award Details

The tribunal's comprehensive award addresses multiple aspects of the company's claims against BSNL. The decision encompasses both the principal amount owed and various interest components designed to compensate for the delayed payments.

Interest Calculation Framework

The tribunal established a detailed framework for interest calculations on the outstanding amounts. Interest at 10% per annum will be calculated on a reducing balance basis for each invoice, starting from the due date, which is deemed to be six months from the delivery date, continuing until the date of the award.

Following the award date, BSNL will be liable to pay post-award interest at an enhanced rate of 11% per annum on any unpaid amounts until the company receives full payment. This structure ensures that any further delays in payment will result in additional financial obligations for BSNL.

Cost Recovery and Regulatory Compliance

In addition to the principal amount and interest, the tribunal has ordered BSNL to pay costs of ₹16.12 lakh to Aksh Optifibre Limited. The cost award represents a significant additional recovery for the company beyond the original disputed amounts, reflecting the tribunal's assessment of the proceedings and the company's legal expenses.

The company has fulfilled its disclosure obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, by informing both the National Stock Exchange and BSE Limited about this material development through an official communication dated December 26, 2025.

Financial Impact Assessment

Aksh Optifibre Limited has indicated that the arbitration award will have a positive impact on the company's financial position. The combination of the principal award, accumulated interest, and cost recovery represents a substantial resolution of long-standing receivables from the 2018-19 period. The award addresses outstanding dues that had been pending for several years, providing clarity and financial relief to the company.

Aksh Optifibre Limited , a key player in the optical fibre industry, has witnessed continued changes in its promoter shareholding pattern. Dr. Kailash Shantilal Choudhari, the Promoter Director of the company, has further reduced his stake through additional open market transactions, filing the latest disclosure under Regulation 29(2) of SEBI regulations.

Latest Transaction Details

Dr. Choudhari has made another significant transaction, continuing his stake reduction pattern:

Updated Shareholding Pattern

The cumulative impact of these transactions on Dr. Choudhari's shareholding shows a progressive reduction:

Persons Acting in Concert Holdings

Persons Acting in Concert (PAC) with Dr. Choudhari continue to hold a combined 5.71% stake in the company:

Company Capital Structure

As per the latest disclosure, the company's equity structure remains:

Financial Overview

Based on the latest available balance sheet data:

These successive transactions by the Promoter Director indicate ongoing changes in the ownership structure of Aksh Optifibre Limited. The company operates in the optical fibre cables sector and is classified as a small-cap stock with a market capitalization of ₹107.38 crore. The disclosure was filed from Bangkok, Thailand, as per the regulatory filing.