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Axel Polymers Ltd. Declaration of Voting Results & Voting Rights Announcements 2025
60547_rns_2025-02-07_90e9501b-40f6-48b0-b423-be27a4e91ecd.pdf
Declaration of Voting Results & Voting Rights Announcements
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Registered Office & Plant: 309, Moxi, Sankarda - Savli Road, Tal. Savli Dist. Vadodara - 391 780, Gujarat, India. CIN : L25200GJ1992PLC017678 Web : www.axelpolymers.com • Email : [email protected]
07th February, 2025
To, BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Fort Mumbai – 400 001
Scrip Code: 513642
Sub: Declaration of Voting Results passed by the members by means of Postal Ballot
Dear Sir,
In continuation of the Postal Ballot notice to your goodselves on January 06, 2025, we would like to state that, in accordance with the said notice, the Postal Ballot was conducted by way of remote e-voting process, pursuant to provisions of Sections 108 and 110 of the Companies Act, 2013 ('the Act') read with Rule 20 and 22 of the Companies (Management and Administration) Rules, 2014 and in accordance with Regulation 44 of the Listing Regulations, for seeking approval for re-appointment of Mr. Umang Hasmukhbhai Dasani (DIN: 09787208), as Independent Director of the Company by way of Special Resolution.
Further, pursuant to Regulation 44(3) of the Listing Regulations, read with the SEBI Circular no. CIR/CFD/CMD/8/2015 dated November 04, 2015 and SEBI Master Circular no. SEBI/HO/CFD/PoD2/CIR/P/2023/120 dated July 11, 2023, please find disclosure as per Annexure 'A', along with the prescribed details. The Scrutinizer's Report dated 07th February, 2025, evidencing approval of aforesaid Resolution with requisite majority by the Members of the Company, is also enclosed for your reference.
We request you to kindly take the same on your records. The same will also be uploaded on the website of the Company.
Registered Office & Plant: 309, Moxi, Sankarda - Savli Road, Tal. Savli Dist. Vadodara - 391 780, Gujarat, India. CIN : L25200GJ1992PLC017678 Web : www.axelpolymers.com • Email : [email protected]
We request you to take the above information on record.
Thanking you,
Yours faithfully,
For Axel Polymers Limited
GAURAV SURENDRA THANKY Digitally signed by GAURAV SURENDRA THANKY Date: 2025.02.07 18:17:49 +05'30'
Gaurav Thanky Chairman & Managing Director DIN: 02565340
Annexure- A
| General information about company | |||
|---|---|---|---|
| Scrip code | 513642 | ||
| NSE Symbol | |||
| MSEI Symbol | |||
| ISIN | INE197C01012 | ||
| Name of the company | AXEL POLYMERS LIMITED | ||
| Type of meeting | Postal Ballot | ||
| Date of the meeting / last day of receipt of postal ballot forms (in case of Postal Ballot) | 05-02-2025 | ||
| Start time of the meeting | |||
| End time of the meeting |
| Scrutinizer Details | |
|---|---|
| Name of the Scrutinizer | DEVESH A. PATHAK |
| Firms Name | Devesh Pathak & Associates |
| Qualification | CS |
| Membership Number | FCS 4559 |
| Date of Board Meeting in which appointed | 03-01-2025 |
| Date of Issuance of Report to the company | 07-02-2025 |
| Voting results | ||||
|---|---|---|---|---|
| Record date | 31-12-2024 | |||
| Total number of shareholders on record date | 10175 | |||
| No. of shareholders present in the meeting either in person or through proxy | ||||
| a) Promoters and Promoter group | ||||
| b) Public | ||||
| No. of shareholders attended the meeting through video conferencing | ||||
| a) Promoters and Promoter group | ||||
| b) Public | ||||
| No. of resolution passed in the meeting | 1 | |||
| Disclosure of notes on voting results |
| Resolution(1) | ||||||||
|---|---|---|---|---|---|---|---|---|
| Resolution required: (Ordinary / Special) | Special | |||||||
| Whether promoter/promoter group are interested in the agenda/resolution? |
No | |||||||
| Description of resolution considered | Re-appointment of Mr. Umang Hasmukhbhai Dasani (DIN: 09787208), as Independent Director of the Company |
|||||||
| Category | Mode of voting |
No. of shares held |
No. of votes polled |
% of Votes polled on outstanding shares |
No. of votes – in favour |
No. of votes – against |
% of votes in favour on votes polled |
% of Votes against on votes polled |
| (1) | (2) | (3)=[(2)/(1)]*100 | (4) | (5) | (6)=[(4)/(2)]*100 | (7)= [(5)/(2)]*100 |
||
| E-Voting | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Promoter and | Poll | 5208891 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Group |
Postal Ballot (if applicable) |
987020 | 18.9488 | 987020 | 0 | 100 | 0 | |
| Total | 5208891 | 987020 | 18.9488 | 987020 | 0 | 100 | 0 | |
| E-Voting | 19800 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Public | Poll | 0 | 0 | 0 | 0 | 0 | 0 | |
| Institutions | Postal Ballot (if applicable) |
0 | 0 | 0 | 0 | 0 | 0 | |
| Total | 19800 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Public- Non Institutions |
E-Voting | 3287989 | 0 | 0 | 0 | 0 | 0 | 0 |
| Poll | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Postal Ballot (if applicable) |
18336 | 0.5577 | 18336 | 0 | 100 | 0 | ||
| Total | 3287989 | 18336 | 0.5577 | 18336 | 0 | 100 | 0 | |
| Total 8516680 1005356 |
11.8046 | 1005356 | 0 | 100 | 0 | |||
| Whether resolution is Pass or Not. Yes | ||||||||
| Disclosure of notes on resolution |
| Details of Invalid Votes | |
|---|---|
| Category | No. of Votes |
| Promoter and Promoter Group | 0 |
| Public Insitutions | 0 |
| Public - Non Insitutions | 0 |
PHONE : (0265) 2562158/75 MOBILE : 98240 92589 FIRST FLOOR, 51, UDYOGNAGAR SOCIETY, E-mall : [email protected] NEAR AYURVEDIC COLLEGE, OUTSIDE PANIGATE, maildpathak @ yahoo.co.in VADODARA-390 019
SCRUTINIZER'S REPORT ON POSTAL BALLOT
To,
Managing Director Axcl Polymers Limited S No 309, Vil-Mokshi, Sankarda-Savli Road Tal-Savli, Vadodara, Gujarat, India - 391780
Dear Sir/Madam,
Sub: Scrutinizer's Report on remote e-voting conducted in respect of all sharcholders' resolutions to be passed through Postal Ballot pursuant to Scction 108 & 110 of the Companies Act, 2013 ("the Act") and Rule 20 and 22 of the Companies (Management and Administration) Rules, 2014 ('the Rule read with General Circular Nos. 09/2024 dated 19th September, 2024 re: with General Circular no. 14/2020 dated 8% April, 2020, 17/2020 dated 131 as 20/2020 dated 05 May, 2022, [read with other rclev / the Ministry of Corporate Affairs ("MCA Circulars" with 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations. 2015("LODR") and Circular no. SEBI/HO/CFD-POD 2/P/CIR/2024 /133 dated 3rd October, 2024]
(1) 1, Devesh A. Pathak, Practising Company Sccretary, has been appointed as the scrutinizer by the Board of Directors of Axel Polymer Limited, to conduct through the remote e-voting only, the process of voting in respect of shareholders' resolution to be passed through Postal Ballot as set out in the Notice dated 3 January, 2025 along with statement setting out material facts under Section 102 of the Act nt to the Sharcholders in respect of the subject matter of the resolution as appearing in Clause no. 8 of this Report pursuant to Scction 108 and 110 of the Act and Rule 20 & 22 of the Rules [read with other relevant circulars issued by the Ministry of Corporate Affairs ("MCA Circulars") rcad with Clause 44 of SEBI (Listing Obligations and Disclosurc Requirements) Regulations, 2015("LODR") and Circular no. SEBI/HO/CFD-POD-2/P/CIR/2024 /133 dated 3" October, 2024|
(2) We have been informed that in terms of the MCA Circulars, the Company dispatched notice of postal ballot along with the Explanatory Statement instructions and manner of e-voting process on 6t January, 2025 through electronic mode only to all the members whosc cmail IDs were registered with the Company / Depositories as on 31s December, 2024 ('Cut-off date').
Morcover, the Postal Ballot was also conducted only through the remote e-voting process in terms of MCA Circulars.
- (3) The management of the Company is responsible to cnsurc the compliance with the requirements of Clause 44 of LODR read with the Act and the rules framed thereunder for providing e-voting facility to its sharcholders in respect of the aforesaid resolutions. My responsibility as a Scrutinizer for conducting e-voting process is restricted to report on the votes cast 'in favour' or 'against' the aforesaid resolution based on the report generated from the e-voting system provided by National Securities Depository Limited(NSDL) the authorized agency to provide ¢ voting facilities engaged by the Company.
- (4) The notice of dispatch was published in two ncwspapers i.c. Busincss Standard, Ahmedabad edition and Loksatta Jansatta, Vadodara cdition on Tuesday, 7™ January, 2025.
- (5) The remote e-voting facility remained open from 9:00 a.m. (IST) Tuesday, 7" January, 2025 and ended at 5:00 p.m. (IST) on Wednesday, 5" FFebruary, 2025.
- (6) The members of the Company as on the cut-off date i.e. Tuesday, 315t December, 2024 were entitled to vote on the aforesaid resolutions.
- (7) The votes cast were then unblocked om Wednesday, 5 February, 2025 at 5:05 p.m. in presence of two witnesses viz. Ms. Kankshi Pathak and Ms. Devika Chandnani who are not in the employment of the Company and who have signed at the end of the report in token of the same.
- (8) Thereafter, the details, inter alia, containing list of Equity Sharcholders who e-voted for/ against the resolution were generated from c-voting system provided by NSDL. A summary af the result in respect of the aforesaid resolution is as follows:
! DEVESH PATHAK & ASSOCIATES Continuation Sheet..... PRACTISING COMPANY SECRETARIES REGD.INSOLVENCYPROFESSIONAL ® REGD. TRADE MARKSAGENT
Resolution 1
Re-appointment of Mr. Umang Hasmukhbhai Dasani (DIN: 09787208), as Independent Director of the Company. (Special Resolution)
| Sr. No. | Particulars | T Electronic Votes |
|||
|---|---|---|---|---|---|
| No. of Members No. of E-Votes Total (%) | |||||
| 1 | VOTED SHARES | 19 | 10,05,356 | 100 | |
| D) | INVALID VOTES ): |
0 | o 0 |
0 | |
| 3 | VALID VOTES | 19 |
1005356 | 100 | |
| 4 | VOTES FAVOUR IN |
o 19 |
10,05356 |
100 | |
| 5 | VOTES AGAINST | o | 0.00 | ||
| TOTAL VALID E- VOTES [ |
19 | 10,05,356 | 100 |
- 12.1 have handed over related papers/ registers and records for safe custody to Mr. Gaurav Surendrakumar Thanky, Managing Dircctor of the Company authorized by the Board to supervise the process.
-
- You may accordingly declare the result of voting.
tship No.: FCS 4559 No.: 2306 PR: 1412/2021 Firm Regn. No.: S2018GJ62150 UDIN: FOO4559F003892047
Al Vadodara, 07th February, 2025
Witnesses to unblocking of e-votes cast
REGD.INSOLVENCYPROFESSIONAL » REGD. TRADE MARKSAGENT g' DEVESH PATHAK & ASSOCIATES continuation sheet.... CARD PRACTISING COMPANY SECRETARIES
e B ?'Q:
(Kankshi Pathak) (Devika Chandnani)
Countersigned by: For Axel Polymers Limited
GAURAV SURENDRA THANKY
Gaurav Surendrakumar Thanky Managing Dircctor
