Aksh Optifibre Limited has informed the Exchange regarding Change in Director(s) of the company.
AKSHOPTFBR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Aksh Optifibre reported a standalone loss after tax of Rs. 20.11 crore for FY25, narrower than Rs. 209.53 crore loss in FY24, though revenue fell sharply to Rs. 127.12 crore from Rs. 215.02 crore. Consolidated FY25 loss was Rs. 25.97 crore, and consolidated other equity turned deeply negative at Rs. (69.74) crore. The auditor issued a qualified opinion, flagging unrecognized liabilities of Rs. 28.33 crore related to export duty obligations and non-compliance with FEMA. The board approved the re-appointment of four independent directors (Ms. Anuja Bansal, Mr. Sanjay Katyal, Mr. Harvinder Singh, Mr. Sunil Puri) for fresh five-year terms, and re-appointed cost, secretarial, and internal auditors. Notably, Ms. Seema Choudhari (holding 3.70% stake) was reclassified from promoter group to public category.
The narrowing of losses is positive, but a qualified audit opinion, negative consolidated net worth, ongoing SARFAESI proceedings, HDFC one-time settlement of Rs. 25.60 crore, and unresolved duty liabilities of over Rs. 28 crore continue to pose material risks for shareholders. Director re-appointments are routine, but the promoter-to-public reclassification signals a continued unwinding of promoter influence in the company.