Akshar Spintex Limited has informed the Exchange about General Updates 1. Approval of Policy for Determination of Materiality of Events 2. The following KMPs are authorized to determine the materiality of an event for the purpose of making disclosures to Stock Exchanges under regulations 30 of SEBI (LODR), 2015.1. Harikrushna Shamjibhai Chauhan - Chairman and Wholetime Director2. Ilaben Dineshbhai Paghdar - Director
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Akshar Spintex Limited has approved a Policy for Determination of Materiality of Events in a board meeting held on 24th February 2026, in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015. The policy outlines criteria for identifying and disclosing material events to stock exchanges, including thresholds based on 2% of turnover, 2% of net worth, or 5% of average profit/loss after tax. Two directors — Harikrushna Shamjibhai Chauhan (Chairman and Wholetime Director) and Ilaben Dineshbhai Paghdar (Director) — have been authorized to assess the materiality of events and make disclosures to BSE and NSE. The policy will be available on the company's website.
This is a routine regulatory compliance filing with no direct impact on the company's financials or operations. Shareholders should see this as the company strengthening its disclosure and governance framework, which is standard practice for listed entities.