Axel Polymers MD, chairman, board of directors and AGM
BSE: 513642Industrial ProductsSmall Cap
Share price at the BSE close on 23 Oct 2026. Previous close ₹45.00.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹50 Cr3,491st largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit.
- Earlier quarters restated in the year
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 2 Jun 2026
- 2.0
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 14 Aug 2026
- 3.2%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 2 Jun 2026
- 1.18
- Volume, BSEVolume. Shares traded on the last trading day.
- 571
Axel Polymers board of directors
At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- Chairperson and managing directorGAURAV SURENDRAKUMAR THANKYRelated to the promoter
- Company Secretary and Compliance OfficerAshish Chaudhary
6 directors3 independent1 executive2 non-executive
- GAURAV SURENDRAKUMAR THANKY · Chairperson and managing directorExecutive · joined Jun 2014 · reappointed Oct 2023 · 1 listed board · 2 committee seats
- AARASP BEJAN BODHANWALANon-executive · joined Mar 1993 · reappointed Sep 2024 · 1 listed board
- DHARA GAURAV THANKYNon-executive · joined Oct 2024 · 1 listed board
- CHIRAG BHUPENDRABHAI SHAHIndependent · joined May 2025 · 60 months as independent · 1 listed board · 1 as independent · 2 committee seats, 2 as chair
- ASHOKKUMAR NATWARLAL SHAHIndependent · joined Aug 2025 · 60 months as independent · 3 listed boards · 3 as independent · 6 committee seats, 4 as chair
- YOGESH JESHTHANAND KESHARIYAIndependent · joined Jun 2026 · 36 months as independent · 1 listed board · 1 as independent
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 12 Jun 20264 of 5 present2 independent · 9 days in between
- 2 Jun 20264 of 5 present2 independent · 108 days in between
- 13 Feb 20264 of 5 present2 independent
Audit Committee
Chair CHIRAG BHUPENDRABHAI SHAH
GAURAV SURENDRAKUMAR THANKY, ASHOKKUMAR NATWARLAL SHAH
- 2 Jun 20263 of 3 present2 independent · 108 days in between
- 13 Feb 20263 of 3 present2 independent
Nomination and remuneration committee
Chair ASHOKKUMAR NATWARLAL SHAH
GAURAV SURENDRAKUMAR THANKY, CHIRAG BHUPENDRABHAI SHAH
- 12 Jun 20263 of 3 present2 independent · 118 days in between
- 13 Feb 20263 of 3 present2 independent
Stakeholders Relationship Committee
Chair CHIRAG BHUPENDRABHAI SHAH
GAURAV SURENDRAKUMAR THANKY, ASHOKKUMAR NATWARLAL SHAH
- 13 Feb 20263 of 3 present2 independent
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditor
Named in the results for the quarter to Mar 2026.
- M/s. Mukund and RohitPeer-review certificate valid to May 2027
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
Axel Polymers AGM and shareholder votes
Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Axel Polymers share news and announcements
Annual general meeting, 11 Sep 2026
10,135 shareholders on the register on 4 Sep 2026; present: 8 promoters and 30 others; votes counted by DEVESH A. PATHAK / Devesh Pathak & Associates.The company's voting result (opens in a new tab)
- To receive, consider and adopt the Audited Financial Statements for the year ended on 31st March, 2026 together with the Reports of the Auditors' and Board's thereonOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 46.78% · promoters 94.92% · institutions 0.00% · other public 4.69%
- To appoint a Director in place of Mr. Gaurav Thanky (DIN: 02565340), who retires by rotation and being eligible offers himself for reappointment.OrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 12.71% · promoters 21.90% · institutions 0.00% · other public 4.69%
- To approve appointment of Mr. Yogesh Keshariya (DIN: 07063024), as a Non-executive Independent Director of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 46.78% · promoters 94.92% · institutions 0.00% · other public 4.69%
- To approve re-appointment of Mr. Gaurav Thanky (DIN: 02565340) as the Managing Director of the CompanyOrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 12.71% · promoters 21.90% · institutions 0.00% · other public 4.69%
- To approve the remuneration of Mr. Gaurav Thanky (DIN: 02565340), as a Managing Director of the CompanySpecialPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 12.71% · promoters 21.90% · institutions 0.00% · other public 4.69%
- To approve continuation of Mr. Aarasp Bejan Bodhanwala (DIN: 00421362) as a Non-Executive Non-Independent Director of the CompanyOrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 37.48% · promoters 74.99% · institutions 0.00% · other public 4.69%
- To approve payment of remuneration to Mr. A. B. Bodhanwala (DIN: - 00421362) as a Non-Executive Non-Independent Director of the CompanySpecialPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 37.48% · promoters 74.99% · institutions 0.00% · other public 4.69%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Fines and tax disputes
Reported in the filing for the quarter to Jun 2026.
- Fine or penaltyBSE LimitedSince 30 Jun 2026
Fine of Rs. 5,900 (including GST) imposed under Chapter VII(A) of the SEBI SOP Master Circular for delayed submission of Standalone Financial Results for the quarter/year ended March 31, 2026 under Regulation 33 of the SEBI (LODR) Regulations, 2015.
Delay in submission of Standalone Financial Results for the quarter/year ended March 31, 2026 under Regulation 33 of the SEBI (LODR) Regulations, 2015. - Tax disputeOffice of the Chief Commissioner of GST & Central Excise, Vadodara ZonSince 19 Jan 2026The Company is in the process of filing its reply before the concerned authority.At the filing before: The Company is in the process of challenging it and taking suitable steps
- Tax disputeH.G. Chemicle Private LimitedSince 23 Mar 2026Legal Suit u/s 138 of CRPC is pending in Tirupati, Andhra Pradesh. The Next Hearing is scheduled for 21.07.2026.
In the company's own words, from its latest governance filing.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- No
- The chair is related to the managing director
- Yes
- The filing has a part on fines and penalties
- Yes
- The filing has a part on tax disputes
- Yes
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.
How money raised was used
Reported for the quarter to Jun 2026. A preferential issue sells new shares to chosen investors rather than to the public. A warrant or partly paid issue plans the whole issue while the money comes in over time, so the amount set aside can be more than raised so far.
| Raised | Amount raised | For | Set aside | Spent | Spent elsewhere |
|---|---|---|---|---|---|
| Preferential IssuesDec 2025 | 11.18 | Working Capital Requirements | 6.71 | 6.71 | No |
| Preferential IssuesDec 2025 | 11.18 | Capital Expenditure | 2.24 | 0.76 | No |
| Preferential IssuesDec 2025 | 11.18 | General Purpose | 2.24 | 2.24 | No |