Axel Polymers Ltd — Board Meeting, 24-07-2025: Board Meeting

Axel Polymers Limited's Board has approved the financial results for the quarter ended June 30, 2025, showing revenue of ₹11.70 Cr and a profit of ₹0.04 Cr. The Board also sanctioned a preferential issue of 28.29 lakh equity shares at ₹45 each, aiming to raise ₹12.73 Cr. This capital raise requires shareholder approval at an upcoming Extra-Ordinary General Meeting, which the company has announced will be held. Separately, auditors noted an ongoing investigation by GST authorities, with ₹1 Cr deposited under protest.