Cessation of Mr. Senthil Kumar Bellan form the position of the Additional Director in the capacity of Managing Director due to expiry in the term and non-regularization during the prescribed ....
Awaiting price reaction for this filing.
The Board of Axentra Corp Ltd approved standalone audited financial results for Q4 and FY ended March 31, 2026. Revenue from operations was Rs 1,033.62 lakhs (vs Rs 0.19 lakh in Q4 FY25), with full year profit of Rs 104.11 lakhs. The company completed a preferential allotment of 1 crore equity shares at Rs 20 per share, increasing paid-up capital from Rs 30 lakhs to Rs 1,970 lakhs. Senthil Kumar Bellan (DIN: 11536666) ceased as Additional Director in the capacity of Managing Director effective May 27, 2026, due to expiry of his additional director term and failure to regularize within the prescribed period. Importantly, he continues to serve as Chief Financial Officer (CFO) of the company.
The cessation of the Managing Director due to non-regularization is a governance concern as it suggests the company failed to appoint him as a regular director within the statutory timeframe. However, since he remains as CFO, operational continuity is maintained. The financial results show significant growth with major capital raise.