Proceedings of 39th Annual General Meeting
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Aksh Optifibre Limited held its 39th Annual General Meeting on September 28, 2026, via video conferencing from 2:00 PM to 2:12 PM. A total of 123 members attended (7 from the promoter group and 116 from the public). Four ordinary resolutions were passed, including adoption of audited financial statements for FY ending March 31, 2026, re-appointment of Dr. Kailash Shantilal Choudhari (retiring by rotation), re-appointment of Mr. Satyendra Kumar Gupta as Professional Consultant, and ratification of the Cost Auditor's remuneration for FY ending March 31, 2027. Notably, the company is currently undergoing a Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016, following an NCLT Jaipur order dated June 19, 2026. However, an NCLAT order dated June 30, 2026 has stayed the Interim Resolution Professional from taking further steps, allowing the company to be run under IRP supervision with the promoter's assistance.
All proposed resolutions were approved by the members, which is procedurally positive. However, shareholders should note that the company remains under insolvency proceedings, and the ultimate outcome of the CIRP and NCLAT appeal will be a critical factor for the stock's future. The stay on the IRP's actions provides some temporary relief to the promoter, but uncertainty around the company's resolution persists.