Latest news about Axel Polymers
Axel Polymers
42.90
-0.51(-1.17%)
Company Performance:
View Company Insights1D-1.17%
1M-2.03%
6M-13.35%
1Y+6.45%
5Y+150.88%
More news about Axel Polymers
04Feb 26
Axel Polymers Limited Receives GST Show Cause Notice Worth ₹31.57 Crore from Vadodara Authorities
Axel Polymers Limited received a GST show cause notice worth ₹31.57 crore from Vadodara authorities for alleged wrongful input tax credit availment during FY 2021-22 to 2024-25. The company plans to contest the allegations through legal remedies including a potential writ petition before Gujarat High Court, stating the demand contradicts CBIC circular guidelines. Management confirmed no immediate impact on operations or finances pending legal proceedings.
13Dec 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.
06Dec 25
Axel Polymers Promoter Reduces Stake: Aarasp Bodhanwala Sells 60,986 Shares
Aarasp Bodhanwala, a Promoter and Director of Axel Polymers Limited, sold 60,986 equity shares in an open market transaction on December 3, 2025, for Rs. 3,388,382.16. This reduced his shareholding from 11.59% (987,020 shares) to 10.87% (926,034 shares), a decrease of 0.72 percentage points. The company reported this insider trading activity to BSE Limited in compliance with SEBI regulations.
13Nov 25
Axel Polymers Reports Q2 Profit Amid Ongoing GST Investigation
Axel Polymers Limited announced unaudited financial results for Q2 and H1 ending September 30, 2025. The company reported Q2 revenue of Rs. 1071.96 crore with a profit of Rs. 0.72 crore. H1 revenue reached Rs. 2245.29 crore with a profit of Rs. 5.11 crore. The company faces an ongoing GST investigation regarding alleged wrongful Input Tax Credit availment, with Rs. 1 crore deposited under protest. The financial results were approved by the Board of Directors on November 13, 2025, after review by the Audit Committee and limited review by statutory auditors.
18Aug 25
Axel Polymers Appoints New Independent Director, Reshuffles Committees
Axel Polymers Limited has appointed Ashokkumar Natwarlal Shah as an Additional Director and Independent Director for a five-year term, effective August 18, 2025. Shah, 71, brings 43 years of corporate experience in finance, accounts, taxation, legal, and commercial areas. The company has also restructured its Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee, with Shah joining all three. Haresh Padamshi Kothari concluded his tenure as Independent Director on the same date. These changes were decided in a board meeting held on August 18, 2025.
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.
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