Notice of EGM scheduled to be held on 20.08.2025 is enclosed.
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Axel Polymers Ltd has called an EGM on Wednesday, August 20, 2025 at 11:30 AM via video conferencing to seek shareholder approval for a preferential issue of 28,28,891 equity shares at ₹45 per share (face value ₹10, premium ₹35) to 57 allottees, all belonging to the public category (individuals and HUFs). The total consideration works out to approximately ₹12.73 crores. The floor price was determined using July 21, 2025 as the relevant date, based on a valuation report by CS Abhishek Chhajed dated July 24, 2025. The shares will be issued in dematerialized form within 15 days of approval and will be subject to lock-in as per SEBI ICDR regulations. The EGM will be held through VC/OAVM with remote e-voting available from August 17 to August 19, 2025 (cut-off date August 13, 2025).
Existing shareholders will see equity dilution of around 28.29 lakh new shares (the exact dilution percentage depends on current share base, but is meaningful for a small-cap company). The company is raising approximately ₹12.73 crores from public category investors, which could strengthen its balance sheet but will dilute existing shareholders' stake. Approval of the special resolution is required for the preferential issue to proceed.