We submit annual report for the financial year 2024-25 as required under Regulation 34(1)(a) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) ....
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Awaiting price reaction for this filing.
Axtel Industries submitted its 33rd Annual Report for FY 2024-25 to BSE as required under SEBI Listing Regulations. The 33rd AGM is scheduled for August 19, 2025 via video conferencing. Agenda items include adoption of audited financials, declaration of dividend, re-appointment of a retiring director, fixation of remuneration for two whole-time directors (up to Rs. 2.40 crore per annum each), and shareholder approval for investments/loans/guarantees up to Rs. 250 crore under Section 186 of the Companies Act. The company also seeks to appoint a new Secretarial Auditor for five years from FY 2025-26. For FY 2024-25, Axtel reported a net profit after tax of Rs. 1,802.52 lakh and exports of Rs. 3,119.92 lakh, and is seeking shareholder nod for capacity expansion already undertaken to meet rising orders.
Routine regulatory filing with no major strategic surprise. Shareholders should watch the AGM voting on two items: the proposed hike in whole-time director remuneration and the Rs. 250 crore investment/loan authority under Section 186, which gives the board broad powers for future capital deployment.