The Board of Directors of the Company at their meeting held on Tuesday, June 02, 2026, inter alia, considered & approved Audited Financial Results of the Company for the fourth quarter ....
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Axel Polymers' board approved audited results for Q4 and FY ended March 31, 2026. Full-year revenue dropped sharply to Rs. 44.40 crores from Rs. 78.09 crores last year (down ~43%), and the company swung to a net loss of Rs. 1.13 crores versus a Rs. 0.17 crore profit in FY25. The auditor (Mukund & Rohit) flagged a Material Uncertainty Related to Going Concern due to a GST show cause notice alleging wrongful Input Tax Credit claims of Rs. 31.57 crores plus interest and penalties, with the matter also being investigated by SEBI, Income Tax, and a vendor legal case involving Rs. 18 crores in post-dated cheques. Net worth improved to Rs. 25.24 crores aided by a Rs. 11.18 crore preferential issue in December 2025.
Investors should take note of the going-concern warning and large undisclosed contingent liabilities totaling roughly Rs. 49.57 crores, which could materially impact the company if any of the cases go against it. The sharp revenue fall and return to losses signal operational stress, though equity infusion has bolstered the balance sheet.