Latest news about Axel Polymers
Axel Polymers
46.50
+0.53(+1.15%)
Company Performance:
View Company Insights1D+1.15%
1M-9.71%
6M+20.78%
1Y-0.09%
5Y+24.50%
More news about Axel Polymers
19Jun 26
Axel Polymers delays Q4FY26 results due to auditor's medical exigency
Axel Polymers Ltd delayed its Q4FY26 financial results submission due to the medical exigency of its Statutory Auditor. The Board meeting was rescheduled from May 30 to June 2, 2026, to approve the Standalone Audited Financial Results. The company has since submitted the results and committed to ensuring timely compliance going forward.
12Jun 26
Axel Polymers appoints Yogesh Keshariya as Independent Director
Axel Polymers Ltd has appointed Yogesh Keshariya as a Non-Executive Independent Director for a term of three years effective June 12, 2026, pending shareholder approval. Keshariya, a Chartered Accountant with expertise in Indirect Taxes and Internal Audits, brings over 25 years of academic and professional experience to the board.
02Jun 26
Axel Polymers reports FY26 loss, auditors flag GST notice
Axel Polymers reported a net loss of ₹11.26 crore for FY26, a significant decline from a profit of ₹1.74 crore in FY25, with revenue dropping to ₹44.40 crore. The statutory auditors highlighted a material uncertainty regarding the company's going concern status due to a GST notice alleging wrongful ITC availment of ₹31.57 crore. Investigations by SEBI and the Income Tax Department are ongoing, and legal proceedings regarding cheques worth ₹18 crore are pending.
14Apr 26
Axel Polymers Limited Submits Q4FY26 SEBI Depositories Compliance Certificate
Axel Polymers Limited submitted its Q4FY26 certificate under SEBI Depositories Regulations on April 14, 2026, for the quarter ended March 31, 2026. The certificate from MUFG Intime India Private Limited confirms proper handling of dematerialisation processes, with all securities processed within prescribed timelines and regulatory requirements met.
13Feb 26
Axel Polymers Reports Q3FY26 Results with Reduced Loss Despite Revenue Decline
Axel Polymers Limited reported Q3FY26 results showing a net loss of ₹62.05 lacs, an improvement from ₹75.58 lacs loss in Q3FY25, despite revenue declining 20.28% to ₹885.69 lacs. The nine-month performance showed significant improvement with losses reducing to ₹56.95 lacs from ₹209.17 lacs in the previous year. However, the company faces regulatory challenges with a GST show cause notice proposing ITC reversal of approximately ₹31.57 crore related to alleged irregularities during FY2021-22 to FY2024-25.
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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