Axis Solutions , a company specializing in automation solutions, has announced the re-appointment of three Independent Directors following shareholder approval at its 40th Annual General Meeting (AGM) held on September 23, 2025.

Key Re-appointments

The shareholders have approved the re-appointment of three Independent Directors for their second terms, each spanning five years:

1. Mr. Kutta Konangad Guptan: Re-appointed from November 14, 2025, to November 13, 2030.
2. Mr. Deepak Prajapati: Re-appointed from November 30, 2025, to November 29, 2030.
3. Mrs. Nirali Shah: Re-appointed from November 30, 2025, to November 29, 2030.

Director Profiles

• Mr. Kutta Konangad Guptan: Holds an MBA and an engineering degree, with over 20 years of experience in design, engineering, and automation industry operations.
• Mr. Deepak Prajapati: Possesses a Bachelor's degree in Electronics & Communication Engineering and an MBA in Finance. He has over 20 years of experience in the financial sector, including leadership roles at CARE Ratings Limited.
• Mrs. Nirali Shah: Holds a master's degree in commerce and serves as an Associate Professor at Ahmedabad University.

Additional AGM Proceedings

The AGM, conducted through video conferencing, also addressed other important matters:

1. Adoption of audited standalone and consolidated financial statements for the year ended March 31, 2025.
2. Declaration of a final dividend of Rs. 0.50 per equity share for the financial year ended March 31, 2025.
3. Re-appointment of Mrs. Sherry Shah as a Director, who was retiring by rotation.
4. Appointment of M/s. Utkarsh Shah & Co. as the Secretarial Auditor for the financial year 2025-26.
5. Ratification of remuneration payable to the Cost Auditor for the year 2025-26.

Secretarial Auditor Appointment

The shareholders approved the appointment of M/s Utkarsh Shah & Co., Company Secretaries, as the Secretarial Auditors of the company for a period of one year for the financial year 2025-26, effective from May 30, 2025.

Compliance and Transparency

It's worth noting that none of the re-appointed Independent Directors are related to other company directors or debarred by any regulatory authorities. This re-appointment process aligns with Axis Solutions Limited's commitment to maintaining strong corporate governance practices and ensuring board independence.

The AGM proceedings were conducted in compliance with the Companies Act, 2013, SEBI Listing Regulations, and relevant Ministry of Corporate Affairs circulars, with voting carried out through remote e-voting and e-voting at the meeting.

Axis Solutions Limited, formerly known as Asya Infosoft Limited, continues to strengthen its leadership team as it moves forward in the automation and technology sectors.

Axis Solutions Limited (formerly known as Asya Infosoft Limited) has announced its unaudited financial results for the first quarter ended June 30, 2025, along with significant corporate actions approved by its Board of Directors.

Financial Performance

The company reported consolidated revenue from operations of Rs 2,148.73 crore for Q1 FY2026, compared to Rs 2,289.70 crore in the same quarter of the previous year. The consolidated profit for the period stood at Rs 174.89 crore, while the standalone profit reached Rs 220.89 crore.

Segment-wise Performance

Axis Solutions operates across three segments:

1. Automation and Digitalisation
2. Infra & Water
3. Industrial Engineering & Systems

Key Corporate Actions

UAE Acquisition

The Board of Directors has approved the acquisition of Axis Solutions FZE, UAE, for a consideration between Rs 30 lacs to Rs 1 crore in cash. This acquisition is expected to be completed by March 31, 2026. Axis Solutions FZE, incorporated in 2020, operates in industrial equipment trading and reported a turnover of AED 7,04,080 for FY 2024-25.

It's worth noting that this acquisition is a related party transaction, as Bijal Sanghvi, a promoter director of Axis Solutions Limited, holds 100% shares in the target company.

Registered Office Relocation

The Board has also approved shifting the company's registered office within Ahmedabad. The new address will be Plot No. 324, Road Number 5, Kathwada GIDC, Odhav Industrial Estate, Odhav, Kathwada, Ahmedabad-382430, Gujarat, India.

Management Commentary

Bijal Sanghvi, Managing Director of Axis Solutions Limited, stated, "The proposed acquisition of Axis Solutions FZE will enable the company to expand into international markets, particularly in the UAE, and enhance our global operations and customer base."

Outlook

With the approved acquisition and office relocation, Axis Solutions Limited appears to be positioning itself for growth and operational efficiency. The company's diverse segment portfolio and strategic moves indicate its focus on expanding its market presence both domestically and internationally.