Akshar spintex Limited has successfully completed the appointment of two new directors through a postal ballot process, with results declared on February 20, 2026. The company announced these appointments in compliance with Regulation 30 of the SEBI (LODR) Regulations, 2015 and pursuant to SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

Director Appointments Overview

The postal ballot process, which concluded on February 18, 2026, resulted in the appointment of two directors with distinct roles and expertise areas. Both resolutions were passed with the requisite majority through remote e-voting.

Professional Background and Expertise

Mr. Bhavin Jayantibhai Kothiya - Non-Executive Independent Director

Mr. Kothiya brings specialized experience from the pharmaceutical sector with over 4 years of experience as a Quality Inspector. He holds a B.Sc degree and demonstrates expertise in quality assessment, market dynamics understanding, and supply chain coordination. His technical proficiency includes using technology to streamline processes and support decision-making across various operational areas.

Mr. Harry Paghdar - Executive Director

Mr. Paghdar, aged 28 years, is a B.Tech Engineering graduate with over 5 years of hands-on experience specifically in the cotton industry. His expertise encompasses production operations, quality control, process optimization, and machinery maintenance within textile and cotton processing environments. He has demonstrated skills in managing end-to-end operations, improving productivity, and ensuring compliance with industry standards.

Relationship Disclosures and Compliance

The company has provided comprehensive relationship disclosures as required under regulatory guidelines:

Both directors have been confirmed as not being debarred from holding director positions by virtue of any SEBI order or other regulatory authority. The appointments align with the company's strategic focus on strengthening its board composition with professionals having relevant industry experience and technical expertise in textile and cotton processing operations.

Akshar Spintex Limited held its Board of Directors meeting on January 19, 2026, at the company's registered office in Jamnagar, Gujarat. The meeting resulted in the approval of several important corporate governance matters under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Postal Ballot Notice Approval

The board approved a postal ballot notice to seek shareholder approval through remote e-voting for three special resolutions:

E-Voting Schedule and Process

The company has established a comprehensive timeline for the postal ballot process with Bigshare Services Private Limited as the e-voting agency:

Key Appointments for E-Voting Process

The board made critical appointments to facilitate the postal ballot process:

Director Profile: Mr. Bhavin Jayantibhai Kothiya

Mr. Bhavin Jayantibhai Kothiya (DIN: 11379649) is proposed for ratification as Non-Executive Independent Director for a five-year term from November 24, 2025, to November 23, 2030. His professional background includes:

• B.Sc degree holder with over 4 years of experience as Quality Inspector in pharmaceutical companies
• Expertise in market dynamics, quality assessment, and supply chain coordination
• No relationships with other directors, managers, or key managerial personnel
• Not debarred from holding directorship by any regulatory authority

Director Profile: Mr. Harry Paghadar

Mr. Harry Paghadar (DIN: 11096100), aged 28 years, is being re-proposed for appointment as Executive Director for a five-year term from February 18, 2026, to February 17, 2031. His qualifications include:

• B.Tech Engineering graduate with over 5 years of hands-on experience in the cotton industry
• Demonstrated expertise in production operations, quality control, process optimization, and machinery maintenance
• Skilled in managing end-to-end operations and improving productivity within textile environments
• Related to Executive Director Mrs. Illaben D. Paghdar
• Previous remuneration as employee: ₹6.36 lakh per annum

Proposed Remuneration Structure

The company seeks approval for Mr. Harry Paghadar's remuneration package:

Corporate Compliance

All disclosures have been made in accordance with Regulation 30 of the SEBI (LODR) Regulations, 2015. The postal ballot notice, along with explanatory statements and e-voting instructions, will be available on the company's website at https://www.aksharspintex.in/announcement.html and on Bigshare's platform at https://ivote.bigshareonline.com . The company has ensured full compliance with regulatory requirements for the postal ballot process and director appointment procedures.