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Axita Cotton MD, chairman, board of directors and AGM

NSE: AXITABSE: 542285Textiles & ApparelsSmall Cap

Last close ₹7.20down ₹0.02 (0.28%)BSE ₹7.21

Share price at the NSE close on 23 Oct 2026. Previous close ₹7.22.

52-week range of traded prices to 23 Oct 2026
₹6.57Low, 10 Jun 2026₹12.20High, 31 Dec 2025
Market cap
₹276 Cr2,091st largest listed
P/E
71.0
P/B
4.2
Dividend yield
0.69%
ROE
6.1%
ROCE
2.8%
Debt to equity
0.26
Volume, NSE
7,92,58632.7% delivered

Axita Cotton 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 directorNitinbhai Govindbhai PatelRelated to the promoter
  • Managing directorKushal Nitinbhai Patel
  • Company Secretary and Compliance OfficerShyamsunder Panchal

6 directors3 independent3 executive

  • Nitinbhai Govindbhai Patel · Chairperson and managing directorExecutive · joined Jul 2013 · 2 listed boards · 4 committee seats
  • Kushal Nitinbhai Patel · Managing directorExecutive · joined Jul 2013 · reappointed Apr 2024 · 1 listed board
  • Nilesh Hasmukhbhai KothariExecutive · joined Apr 2024 · 3 listed boards · 2 committee seats
  • Vinod Kanubhai RanaIndependent · joined Feb 2022 · reappointed Feb 2022 · 52 months as independent · 3 listed boards · 3 as independent · 7 committee seats, 4 as chair
  • Utsav Himanshu TrivediIndependent · joined Jun 2023 · reappointed Jun 2023 · 36 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
  • Shivani Rajeshbhai PathakIndependent · joined Jun 2024 · reappointed Jun 2024 · 24 months as independent · 3 listed boards · 3 as independent · 7 committee seats, 3 as chair

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.

2 directors who left
  • Shobha Bharti, left 5 Jul 2025: Others
  • Kunjal Jayantkumar Soni, left 10 Feb 2025: Others

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 20 Apr 20264 of 6 present2 independent · 62 days in between
    • 16 Feb 20266 of 6 present3 independent · 41 days in between
    • 5 Jan 20266 of 6 present3 independent

  • Audit Committee

    Chair Vinod Kanubhai Rana

    Utsav Himanshu Trivedi, Shivani Rajeshbhai Pathak, Nitinbhai Govindbhai Patel

    • 20 Apr 20263 of 4 present2 independent · 62 days in between
    • 16 Feb 20264 of 4 present3 independent
    • 5 Jan 20264 of 4 present3 independent

  • Nomination and remuneration committee

    Chair Shivani Rajeshbhai Pathak

    Utsav Himanshu Trivedi, Vinod Kanubhai Rana, Nitinbhai Govindbhai Patel

    • 9 Jun 20264 of 4 present3 independent · 11 days in between
    • 28 May 20264 of 4 present3 independent · 37 days in between
    • 20 Apr 20263 of 4 present2 independent · 104 days in between
    • 5 Jan 20264 of 4 present3 independent

  • Stakeholders Relationship Committee

    Chair Utsav Himanshu Trivedi

    Shivani Rajeshbhai Pathak, Vinod Kanubhai Rana, Nitinbhai Govindbhai Patel

    • 20 Apr 20263 of 4 present2 independent · 104 days in between
    • 5 Jan 20264 of 4 present3 independent

  • Risk Management Committee

    Chair Nitinbhai Govindbhai Patel

    Kushal Nitinbhai Patel, Nilesh Hasmukhbhai Kothari, Utsav Himanshu Trivedi

    • 9 Jun 20264 of 4 present1 independent · 93 days in between

  • Corporate Social Responsibility Committee

    Chair Nitinbhai Govindbhai Patel

    Kushal Nitinbhai Patel, Nilesh Hasmukhbhai Kothari, Utsav Himanshu Trivedi

    • 7 Mar 20264 of 4 present1 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. P K N & CoPeer-review certificate valid to Mar 2025
1 earlier auditor
  • Mistry And Shah LLPNamed in the filing for the quarter to Mar 2025

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.

Axita Cotton 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.Axita Cotton dividend history

Annual general meeting, 30 Sep 2026

1,58,371 shareholders on the register on 23 Sep 2026; present: 6 promoters and 43 others; votes counted by Mr. Premnarayan Ramanand Tripathi / M/s. PRT & Associates.The company's voting result (opens in a new tab)

  1. Adoption of Standalone Financial Statements for the year ended March 31, 2026:
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.34%

    Turnout: all 42.04% · promoters 100.00% · institutions 0.00% · other public 0.27%

  2. Declaration of Final Dividend for FY 2025-2026:
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.34%

    Turnout: all 42.04% · promoters 100.00% · institutions 0.00% · other public 0.27%

  3. To Consider Re-Appointment of Mr. Nitinbhai Govindbhai Patel (DIN: 06626646) Who Retires by Rotation and Being Eligible, Offers Himself for Re-Appointment
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 7.59%

    Turnout: all 42.04% · promoters 100.00% · institutions 0.00% · other public 0.27%

  4. Appointment of Statutory Auditors of the Company and Fix Their Remuneration
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.41%

    Turnout: all 42.04% · promoters 100.00% · institutions 0.00% · other public 0.27%

  5. Re-Appointment of Mr. Vinod Kanubhai Rana, (DIN: 08160972) as an Independent Director of the Company for a Second Term of 5 (Five) Consecutive Years with effect from February 22, 2027 to February 21, 2032:MoreLess
    Special
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 8.87%

    Turnout: all 42.04% · promoters 100.00% · institutions 0.00% · other public 0.27%

  6. To Ratify the Remuneration of the Cost Auditors of the Company for the Financial Year 2026-2027:
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.01%

    Turnout: all 42.04% · promoters 100.00% · institutions 0.00% · other public 0.27%

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.

Postal ballot, 23 Mar 2026, 3 resolutions

1,70,776 shareholders on the register on 13 Feb 2026; votes counted by Mr. Premnarayan Ramanand Tripathi / M/s. PRT & Associates.The company's voting result (opens in a new tab)

  1. To Approve Addition and Alteration in Main Object Clause of the Memorandum of Associations of the Company:
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 8.67%

    Turnout: all 42.04% · promoters 100.00% · institutions 0.00% · other public 0.22%

  2. To Approve the Adoption of new set of Memorandum of Association as per the Companies Act, 2013
    Special
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 8.98%

    Turnout: all 42.04% · promoters 100.00% · institutions 0.00% · other public 0.22%

  3. To Authorise Company to Charge for Service of Documents to Members under Section 20 of the Companies Act, 2013
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 10.82%

    Turnout: all 42.04% · promoters 100.00% · institutions 0.00% · other public 0.22%

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.

Postal ballot, 6 Feb 2026, 1 resolution

1,71,152 shareholders on the register on 2 Jan 2026; votes counted by Mr. Premnarayan Ramanand Tripathi / M/s. PRT & Associates.The company's voting result (opens in a new tab)

  1. TO CONSIDER AND APPROVE THE ISSUANCE OF BONUS SHARES
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.18%

    Turnout: all 42.23% · promoters 100.00% · institutions 0.00% · other public 0.61%

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.

Annual general meeting, 30 Sep 2025, 7 resolutions

1,83,585 shareholders on the register on 23 Sep 2025; present: 6 promoters and 37 others; votes counted by Mr. Premnarayan Ramanand Tripathi / M/s. PRT & Associates.The company's voting result (opens in a new tab)

  1. Adoption of Standalone and Consolidated Financial Statements for the year ended March 31, 2025
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 22.12%

    Turnout: all 41.99% · promoters 100.00% · institutions 0.00% · other public 0.12%

  2. To Consider Re-Appointment of Mr. Nilesh Hasmukhbhai Kothari (Din: 10587794) Who Retires by Rotation and Being Eligible, Offers Himself for Re-Appointment:
    Ordinary
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 24.40%

    Turnout: all 41.99% · promoters 100.00% · institutions 0.00% · other public 0.12%

  3. Appointment of M/s. P K N & Co., Chartered Accountants, a Partnership Firm, Ahmedabad (FRN: 137148W), as the Statutory Auditors of the Company and Fix Their Remuneration:
    Ordinary
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 22.21%

    Turnout: all 41.99% · promoters 100.00% · institutions 0.00% · other public 0.12%

  4. To Approve Variation in Terms of Payment of Remuneration to Mr. Nitinbhai Govindbhai Patel (DIN: 06626646), Chairman Cum Managing Director of the Company:
    SpecialPromoters have an interest in it
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.00% · other public 30.56%

    Turnout: all 41.99% · promoters 100.00% · institutions 0.00% · other public 0.12%

  5. To Approve Variation in Terms of Payment of Remuneration to Mr. Kushal Nitinbhai Patel (DIN: 06626639), Managing Director of the Company:
    SpecialPromoters have an interest in it
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.00% · other public 31.91%

    Turnout: all 41.99% · promoters 100.00% · institutions 0.00% · other public 0.12%

  6. To Approve the Appointment of Shri Premnarayan Ramanand Tripathi, Proprietor of M/S. PRT & Associates, Company Secretary in Practice, As Secretarial Auditor of the Company for a First Term of Five Years:MoreLess
    OrdinaryPromoters have an interest in it
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 22.18%

    Turnout: all 41.99% · promoters 100.00% · institutions 0.00% · other public 0.12%

  7. To Ratify the Remuneration of The Cost Auditors of the Company for the Financial Year 2025-2026:
    Ordinary
    99.95% for0.05% against

    Against: promoters 0.00% · institutions 0.00% · other public 29.76%

    Turnout: all 41.99% · promoters 100.00% · institutions 0.00% · other public 0.12%

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.

Postal ballot, 25 Apr 2025, 1 resolution

1,97,949 shareholders on the register on 21 Mar 2025; votes counted by Mr. Premnarayan Ramanand Tripathi / M/s. PRT & Associates.The company's voting result (opens in a new tab)

  1. To Approve Appointment of Ms. Shobha Bharti (Din: 05318463) as a Non Executive Independent Director of the Company:
    Special
    99.94% for0.06% against

    Against: promoters 0.00% · institutions 0.00% · other public 11.36%

    Turnout: all 42.14% · promoters 100.00% · institutions 0.00% · other public 0.37%

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.

Annual general meeting, 30 Sep 2024, 10 resolutions

Present: 5 promoters and 28 others.The company's voting result (opens in a new tab)

  1. Adoption of Financial Statements
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.16%

    Turnout: all 41.98% · promoters 100.00% · institutions 0.00% · other public 0.11%

  2. Declaration of Final Dividend
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.58%

    Turnout: all 41.98% · promoters 100.00% · institutions 0.00% · other public 0.11%

  3. Appointment of Mr. Kushal Nitinbhai Patel (DIN: 06626639) as Director Liable to Retire by Rotation
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.53%

    Turnout: all 41.98% · promoters 100.00% · institutions 0.00% · other public 0.11%

  4. To Re-Appoint M/S. Mistry & Shah LLP, Chartered Accountants (Firm Registration No. W100683) as Statutory Auditors of the Company
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.46%

    Turnout: all 41.98% · promoters 100.00% · institutions 0.00% · other public 0.12%

  5. To Ratify the Remuneration of The Cost Auditors of The Company for the Financial Year 2024-2025
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.52%

    Turnout: all 41.98% · promoters 100.00% · institutions 0.00% · other public 0.11%

  6. Approval of the Material Related Party Transactions with KPR Sports & Media Private Limited
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.76%

    Turnout: all 41.98% · promoters 100.00% · institutions 0.00% · other public 0.11%

  7. Approval of the Material Related Party Transactions with NG Organics Private Limited
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.75%

    Turnout: all 41.98% · promoters 100.00% · institutions 0.00% · other public 0.11%

  8. Approval of the Material Related Party Transactions with AKPR Infrastructure Private Limited
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.86%

    Turnout: all 41.98% · promoters 100.00% · institutions 0.00% · other public 0.11%

  9. Approval of the Material Related Party Transactions with Axita Green Hydrogen Private Limited
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.75%

    Turnout: all 41.98% · promoters 100.00% · institutions 0.00% · other public 0.11%

  10. Approval of the Material Related Party Transactions with Whitewing Software Private Limited
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.83%

    Turnout: all 41.98% · promoters 100.00% · institutions 0.00% · other public 0.11%

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.

Postal ballot, 11 Sep 2024, 1 resolution

The company's voting result (opens in a new tab)

  1. To Consider and Approve the Issuance of Bonus Shares:
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.20%

    Turnout: all 63.50% · promoters 100.00% · institutions 0.00% · other public 1.28%

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.

Postal ballot, 19 Jul 2024, 3 resolutions

The company's voting result (opens in a new tab)

  1. To Approve Change in Designation of Mr. Kushal Nitinbhai Patel from Non-Executive Director to Managing Director and Approval of the Payment of Remuneration:
    SpecialPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.98%

    Turnout: all 62.91% · promoters 100.00% · institutions 0.00% · other public 0.39%

  2. To Approve Appointment of Mr. Nilesh Hasmukhbhai Kothari (DIN: 10587794) as Executive Director of the Company:
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.70%

    Turnout: all 62.92% · promoters 100.00% · institutions 0.00% · other public 0.42%

  3. To Approve Appointment of Ms. Shivani Rajeshbhai Pathak (DIN: 10481354) as a Non Executive Independent Director of the Company:
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 62.77% · promoters 100.00% · institutions 0.00% · other public 0.00%

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.

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

None open at any 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
No
The filing has a part on tax disputes
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.