Axel Polymers Ltd — Updates, 30-05-2025: Company Update

Axel Polymers Limited has clarified that corporate governance provisions under SEBI (LODR) Regulations do not apply to the company due to its paid-up equity share capital of Rs. 8.52 Cr and net worth of Rs. 14.99 Cr, both below the prescribed thresholds over the last three years. The company has no material subsidiaries, so it is not required to submit an Annual Secretarial Compliance Certificate or Secretarial Audit Report for material subsidiaries. This exemption simplifies compliance obligations, reducing administrative burdens while maintaining transparency for shareholders.