Axel Polymers Appoints New Independent Director, Reshuffles Committees Aug 18, 2025
More news about Axel Polymers
24Jul 25
Axel Polymers Completes ₹11.18 Crore Preferential Share Allotment to 50 Investors
Axel Polymers Limited successfully completed its preferential share allotment on December 13, 2025, raising ₹11.18 crores through 24.84 lakh equity shares at ₹45 per share to 50 public category investors. The allotment increased the company's paid-up capital from ₹8.52 crores to ₹11 crores, while promoter shareholding was diluted from 60.28% to 46.67%, providing the polymer company with additional capital for business growth.
24Jul 25
Axel Polymers Reports Q1 FY26 Profit Amid GST Investigation
Axel Polymers Limited announced Q1 FY26 results, showing a turnaround to profit despite a 72.30% revenue decline. The company reported a net profit of Rs. 4.39 lacs, compared to a loss of Rs. 53.05 lacs in Q1 FY25. Total expenses decreased significantly to Rs. 1,166.52 lacs. Axel Polymers is under GST investigation for alleged wrongful Input Tax Credit availment and has deposited Rs. 1 crore as a precautionary penalty. The Board approved these results on July 24, 2025.