Annual report for Axel Polymers Ltd. for FY-2023
30-05-2023
AXEL POLYMERS LTD. - 513642 - Non-Applicability Of Regulation 23(9) Of SEBI (LODR) (Amendment) Regulations, 2018, For The Half Year Ended On 31.03.2023
This is to inform you that pursuant to the Regulation 15(2) of the SEBI (LODR) Regulations, 2015, and the provisions of the Regulation 23(9) of the SEBI (LODR), 2015 as amended is not applicable to the Company as the Paid-up Equity Share Capital of the Company is less that Rs. 10.00 Crores and Net worth of the Company is less than Rs. 25.00 Crores as on 31.03.2023 and Company does not have any Holding, subsidiary, and Associate Company. As per the Regulation 15(2) of the SEBI (LODR) Regulations, 2015, the compliance with the corporate governance provisions as specified in regulations 17, [17A,] 18, 19, 20, 21, 22, 23, 24, 24A, 25, 26, 27 and clauses (b) to (i) and (t) of sub-regulation (2) of regulation 46 and Para C, D and E of Schedule V shall not apply. As a result, the Company is not required to submit 'Disclosures of the Related party Transaction on a consolidated basis as per Regulation 23 (9) of SEBI (LODR) Regulations, 2015'.29-05-2023
AXEL POLYMERS LTD. - 513642 - Audited Financial Results For The Quarter And Year Ended March 31, 2023 Along With Auditor''''s Report On Financial Results
Audited Financial Results for the Quarter and Year ended March 31, 2023 along with Auditor''''s Report On Financial Results.29-05-2023
AXEL POLYMERS LTD. - 513642 - Board Meeting Outcome for Board Meeting Outcome
Outcome of the Board Meeting for Approval Of Audited Financial Results For The Quarter And Year Ended March 31, 2023 And Other Businesses29-05-2023
AXEL POLYMERS LTD. - 513642 - Intimation Regarding Furnishing Of PAN, KYC Details And Nomination By Holders Of Physical Shares
Intimation to Physical Shareholders for furnishing their PAN, KYC details, Nomination etc. in compliance with SEBI Circular No. SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2023/37 dated 16.03.202326-05-2023
AXEL POLYMERS LTD. - 513642 - Board Meeting Intimation for Approval Of The Audited Financial Results Of The Company For The Quarter And Financial Year Ended March 31, 2023
AXEL POLYMERS LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 29/05/2023 ,inter alia, to consider and approve the Audited Financial Results of the Company for the quarter and financial year ended March 31, 2023. Further as per SEBI (Prohibition of Insider Trading) Regulations, 2015, the Trading Window for dealing in securities of the Company has been closed for all Insiders (Directors /Designated Persons/Connected Persons of the Company along with their immediate relatives) from April 01, 2023 and shall remain closed till 48 hours after the announcement of financials results i.e., up to May 31, 2023 (both days inclusive).22-05-2023
AXEL POLYMERS LTD. - 513642 - Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2
Format of the Annual Disclosure to be made by an entity identified as a Large Corporate. Sr. No. Particulars Details 1 Name of Company AXEL POLYMERS LTD. 2 CIN NO. L25200GJ1992PLC017678 3 Report filed for FY 2022-2023 Details of the Current block (all figures in Rs crore): 4 2 - year block period (Specify financial years)* FY 2022-23, 2022-24 5 Incremental borrowing done in FY (T)(a) 0.00 6 Mandatory borrowing to be done through debt securities in FY (T) (b) = (25% of a) 0.00 7 Actual borrowing done through debt securities in FY (T)(c) 0.00 8 Shortfall in the borrowing through debt securities, if any, for FY (T - 1) carried forward to FY (T) (d) NA 8Quantum of (d), which has been met from (c)(e)* NA 9 Shortfall, if any, in the mandatory borrowing through debt securities for FY (T) { after adjusting for any shortfall in borrowing for FY(T - 1) which was carried forward to FY(T)}(f) = (b) - [(c) - (e)]{ If the calculated value is zero or negative, write 'nil'}* NA Details of penalty to be paid, if any, in respect to previous block (all figures in Rs crore): 2 - year Block period (Specify financial years)FY 2021-22, 2022-23 Amount of fine to be paid for the block, if applicable Fine = 0.2% of {(d) - (e)}#0.00 Name of the Company Secretary :-Jigardan Ajitdan GadhviDesignation :-Company Secretary Name of the Chief Financial Officer :- Aarasp Bejan Bodhanwala Designation : -Chief Financial Officer Date: 21/04/202321-04-2023
AXEL POLYMERS LTD. - 513642 - Compliances-Reg.24(A)-Annual Secretarial Compliance
With reference to the captioned matter and in furtherance of submission of disclosure pertaining to non-applicability of Corporate Governance, we would like to reiterate that: 1. The paid-up Equity share capital of the Company was Rs. 8,51,66,800/- (Rupees Eight Crores Fifty-One Lacs Sixty-Six Thousand Eight Hundred Only) and net worth of the Company as at 31st March, 2023 (Provisional) Rs. 13,98,00,000/- (Rupees Thirteen Crores Ninety-Eight Lacs Only). 2. The Company does not have any material subsidiary as defined under Reg. 16(1)(c) of SEBI (LODR) Regulations, 2015. Accordingly, the compliance with the corporate governance provisions as specified in regulations 17, [17A,] 18, 19, 20, 21, 22, 23, 24, 24A, 25, 26, 27 and clauses (b) to (i) and (t) of sub-regulation (2) of regulation 46 and Para C, D and E of Schedule V shall not apply.18-04-2023
AXEL POLYMERS LTD. - 513642 - Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
Format of Initial Disclosure to be made by an entity identified as a Large Corporate. Sr. No. Particulars Details 1Name of CompanyAXEL POLYMERS LTD. 2CIN NO.L25200GJ1992PLC017678 3 Outstanding borrowing of company as on 31st March / 31st December, as applicable (in Rs cr) 27.77 4Highest Credit Rating during the previous FY A4 4aName of the Credit Rating Agency issuing the Credit Rating mentioned in (4)CRISIL LTD. 5Name of Stock Exchange# in which the fine shall be paid, in case of shortfall in the required borrowing under the frameworkBSE We confirm that we are a Large Corporate as per the applicability criteria given under the SEBI circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018. No Name of the Company Secretary: Jigardan Ajitdan Gadhvi Designation: Company Secretary EmailId: cs@axelpolymers.com Name of the Chief Financial Officer: Aarasp Bejan Bodhanwala Designation: Chief Financial Officer EmailId: abb@axelindia.com Date: 18/04/2023 Note: In terms para of 3.2(ii) of the circular, beginning F.Y 2022, in the event of shortfall in the mandatory borrowing through debt securities, a fine of 0.2% of the shortfall shall be levied by Stock Exchanges at the end of the two-year block period. Therefore, an entity identified as LC shall provide, in its initial disclosure for a financial year, the name of Stock Exchange to which it would pay the fine in case of shortfall in the mandatory borrowing through debt markets.18-04-2023
AXEL POLYMERS LTD. - 513642 - CERTIFICATE UNDER REGULATION 40(9) & (10) OF SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS, 2015 FOR THE YEAR ENDED MARCH 31, 2023
Pursuant to Regulation 40(9) & (10) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby submit a Certificate from Practising Company Secretary for the year ended March 31, 2023.13-04-2023