Latest news about Aksh Optifibre
Aksh Optifibre
7.13
-0.14(-1.93%)
Company Performance:
View Company Insights1D-1.93%
1M+16.89%
6M+11.41%
1Y-22.92%
5Y-18.05%
More news about Aksh Optifibre
28Mar 26
AKSH Optifibre Secures Relief as DRT Sets Aside Union Bank's SARFAESI Notices
AKSH Optifibre Limited has achieved a significant legal victory as the Debt Recovery Tribunal Jaipur set aside Union Bank of India's SARFAESI notices through an order dated March 24, 2026. The tribunal quashed both the Demand Notice under Section 13(2) and Possession Notice under Section 13(4) of the SARFAESI Act, 2002, effectively nullifying the bank's securitisation action against the company and providing complete relief from the recovery proceedings.
26Mar 26
AKSH OPTIFIBRE LIMITED Receives Major Tax Relief as Demand Reduced from ₹5.73 Crores to ₹94.22 Lakhs
AKSH OPTIFIBRE LIMITED has received substantial tax relief through a rectification order from Rajasthan State Tax authorities, reducing the original demand from ₹5,73,47,563 to ₹94,22,212 - an 83.6% reduction. The company plans to appeal the remaining balance and expects no material impact on its operations.
06Feb 26
Aksh Optifibre Reports Wider Q3FY26 Loss of ₹380.66 Crores on Revenue Decline
Aksh Optifibre Limited reported deteriorating financial performance for Q3FY26 with standalone net loss widening to ₹380.66 crores from ₹292.52 crores in Q3FY25. Revenue declined 7.86% to ₹2,623.47 crores while nine-month losses surged to ₹882.09 crores. The manufacturing segment continues to face challenges with significant losses while services segment remained profitable. The company faces ongoing legal proceedings with banking institutions under SARFAESI Act provisions.
22Jan 26
Aksh Optifibre Limited Schedules Board Meeting for February 6, 2026 to Review Q3FY26 Financial Results
Aksh Optifibre Limited has scheduled its Board of Directors meeting for February 6, 2026, to consider Q3FY26 unaudited financial results for the quarter and nine months ended December 31, 2025. The company has implemented a trading window closure from January 1, 2026, until 48 hours after board approval and submission of results to stock exchanges, ensuring compliance with SEBI insider trading regulations.
26Dec 25
Aksh Optifibre Receives Arbitration Award Against BSNL for Delayed Payment Claims
Aksh Optifibre Limited has secured a favorable arbitration award against BSNL for delayed payment claims related to supplies made during 2018-19. The tribunal awarded ₹9.21 lakh as principal amount along with interest calculations at 10% per annum on reducing balance basis and post-award interest at 11% per annum. Additionally, BSNL must pay costs of ₹16.12 lakh to the company, resulting in a positive financial impact.
26Dec 25
Aksh Optifibre Promoter Dr. Kailash Choudhari Reduces Stake to 2.62%
Aksh Optifibre Limited's Promoter Director Dr. Kailash Choudhari has continued his stake reduction through open market sales, with the latest transaction on December 22, 2025, involving 1,72,066 shares. His shareholding has decreased from 2.73% to 2.62%, while PAC entities maintain a combined 5.71% stake in the optical fibre company.
08Aug 25
Aksh Optifibre Reports Wider Losses in Q1 Amid Revenue Decline and Banking Disputes
Aksh Optifibre Limited experienced a challenging first quarter with declining revenues and increased losses. Standalone revenue dropped 34.32% to Rs 2,691.30 lakhs, with net loss expanding to Rs 375.95 lakhs. Consolidated revenue decreased to Rs 2,694.56 lakhs, with net loss widening to Rs 645.83 lakhs. Both manufacturing and services segments reported losses. The company faces regulatory challenges, including unaccounted liabilities and SARFAESI notices from banks. Management is seeking legal advice and exploring settlement options with banks.
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