We submit details of voting results of AGM held on 19th August, 2025, pursuant to Regulation 44 of the SEBI (LODR) Regulation, 2015.
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Axtel Industries held its AGM on 19 August 2025 via video conferencing, where all 8 resolutions were approved by shareholders. Out of 18,895 shareholders on record, only 39 attended the meeting and 24 voted via remote e-voting beforehand. Key resolutions passed include adoption of audited financial statements for FY2024-25, declaration of a dividend, reappointment of director Mr. Ajitsingh Bubber (who retires by rotation), fixation of remuneration for two whole-time directors (Mr. Ajay Desai and Mr. Ajay Parikh) via special resolutions, granting of authority under Section 186 of the Companies Act for increased lending/investment limits, and appointment of secretarial and cost auditors for FY2025-26. All resolutions received overwhelming support above 99.97%, with only Resolution 6 (Section 186 authority) seeing marginal dissent of about 1.78% from institutional public shareholders.
Shareholders have confirmed a dividend for FY2024-25 and continuity of the board and auditors. The outcomes are routine and unlikely to move the stock price, though the Section 186 approval gives management more flexibility for investments and lending.