Axel Polymers Ltd. — Proxy Solicitation & Information Statement 2025

Aug 13, 2025

Registered Office & Plant: 309, Moxi, Sankarda - Savli Road, Tal. Savli Dist. Vadodara - 391 780, Gujarat, India. CIN : L25200GJ1992PLC017678 Web : www.axelpolymers.com • Email : info@axelpolymers.com

==> picture [95 x 43] intentionally omitted <==

==> picture [233 x 16] intentionally omitted <==

13[th] August, 2025

To, The Listing Department, BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai – 400 001

Scrip Code: 513642

Subject: Corrigendum to the Notice of the Extra Ordinary General Meeting of the Members of the Company

Ref: Original Notice of EGM dated July 24, 2025 scheduled to be held on August 20, 2025

Dear Sir/Madam,

This is in continuation to the Notice of the Extra Ordinary General Meeting of the Company dated July 24, 2025 (“EGM Notice”), which has already been sent to the shareholders of the Company on July 28, 2025. A copy of detailed Corrigendum is enclosed herewith.

This Corrigendum to the Notice of the EGM shall form an integral part of the Notice of EGM which has already been circulated to shareholders of Company and on and from the date hereof, the Notice of the EGM shall always be read in conjunction with this Corrigendum.

This Corrigendum is also being published in the Business Standard (English) and Loksatta Jansatta (Gujarati) newspaper and will also be made available on website of the stock exchanges i.e. BSE and on the website of the Company (www.axelpolymers.com). All other contents of the Notice of EGM, save and except as modified or supplemented by the Corrigendum, shall remain unchanged.

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 DN: c=IN, o=PERSONAL, pseudonym=96e3a615fb2843aaaf57bf19f460ee5f, 2.5.4.20=f72d7651e9f5e07ece9386a5754aca6a3f2ffabce883466c1af52832de4471a1, postalCode=400067, st=MAHARASHTRA, serialNumber=4bdc21db10c21bf1a12ea1a2b9be45e401debc4b5b822ec16c4be754af798aa4, cn=GAURAV SURENDRA THANKY Date: 2025.08.13 19:56:15 +05'30'

Gaurav Thanky Chairman & Managing Director DIN: 02565340

Encl: As above

Corporate Office: B-312, Western Edge II, Off. Western Express Highway, Borivali (East), Mumbai - 400 066. Maharashtra, India. • Phone: +91 22 41207546

CORRIGENDUM TO THE NOTICE OF THE EXTRAORDINARY GENERAL MEETING

AXEL POLYMERS LIMITED (“Company”) has issued a no�ce dated July 24, 2025 (“No�ce of EGM”) for convening the Extraordinary General Mee�ng (“EGM”) of the shareholders of the Company, which is scheduled to be held on Wednesday, 20[th] August, 2025 at 11.30 a.m. through Video Conferencing / Other Audio-Visual Means. The No�ce of the EGM has been dispatched to the shareholders of the Company in due compliance with the provisions of the Companies Act, 2013 read with the relevant rules made thereunder.

This corrigendum is being issued to give no�ce to amend/ provide addi�onal details as men�oned herein and pursuant to the provisions of SEBI (Issue of Capital and Disclosure Requirements) Regula�ons, 2018 (“SEBI ICDR Regula�ons”).

On page no. 24 para “ b) Objects of the Preferen�al Issue” to be read as per below :

b) Objects of the Preferen�al Issue

Declara�on on U�liza�on of Funds Raised through Preferen�al Allotment : Out of the total ₹12.73 crore raised via preferen�al issue:

1. Up to 60% is allocated for working capital needs including raw materials, payables, and opera�ons and repayment of exis�ng debt to reduce leverage.

2. Up to 20% may be used for general corporate purposes

3. Up to 20% is earmarked for capital investment in minor plant upgrades and infrastructure.

On page no. 28 para “ s) Shareholding pa�ern of the Company before and a�er the preferen�al issue” to be read as per below:

S) Shareholding pa�ern of the Company before and a�er the preferen�al issue

The shareholding pa�ern of the Company before and a�er the proposed preferen�al issue to Promoter Group and Public are likely to be as follows:

==> picture [440 x 179] intentionally omitted <==

----- Start of picture text -----

Category Pre-Issue Shareholding Equity Post-Issue Shareholding
Structure Shares Structure
to be
allotted
No. of % of No. of % of
Shares Shareholding Shares Shareholding
Promoter And Promoter
Group Holding
a) Individuals/ Hindu 52,08,885 61.16 0 52,08,885 45.91
undivided Family
Sub Total A1 52,08,885 61.16 0 52,08,885 45.91
A2) Foreign 0 0 0 0 0
----- End of picture text -----

==> picture [440 x 373] intentionally omitted <==

----- Start of picture text -----

A=A1+A2 52,08,885 61.16 0 52,08,885 45.91
B1) Institutions 19,800 0.23 0 19,800 0.17
(Domestic)
Mutual Funds/ 15800 0.19 0 15800 0.14
Banks 4000 0.05 0 4000 0.03
Sub Total B1 19800 0.23 0 19800 0.17
B2) Institutions 0 0.00 0 0 0.00
(Foreign)
B3)Central 0 0.00 0 0 0.00
Government/
State Government(s)/
President of India
B4) Non-Institutions 32,87,995 38.61 28,28,891 61,16,886 53.92
Resident Individuals 28,79,754 33.81 27,51,114 56,30,868 49.64
Non Resident Indians 1,35,287 1.59 0 1,35,287 1.19
(NRIs)
Bodies Corporate 1,98,485 2.33 0 1,98,485 1.75
Any Other (specify) 74,469 0.87 0 1,52,246 1.34
Bodies Corporate 3,501 0.04 0 3,501 0.03
HUF 70968 0.83 77,777 148,745 1.31
Sub Total B4 32,87,995 38.61 28,28,891 61,16,886 53.92
B=B1+B2+B3+B4 33,07,795 38.84 28,28,891 61,36,686 54.09
Grand Total A+B 85,16,680 100 28,28,891 1,13,45,571 100
----- End of picture text -----

*The pre-issue shareholding pa�ern is on the BENPOS date i.e., Monday, June 30, 2025.

On page no. 32 “ ANNEXURE – I: PROPOSED ALLOTTEES ” to be read as per below:

ANNEXURE – I: PROPOSED ALLOTTEES

ANNEXURE A: LIST OF THE PROPOSED ALLOTTEE ALONG WITH THE NAMES OF NATURAL PERSONS WHO ARE THE ULTIMATE BENEFICIAL OWNERS OF THE EQUITY SHARES

Sr no.	Name	Type of Proposed Allottees	Natural Persons who are the Ultimate Beneficial Owners (UBOs)	Pre-Preferential Holding	Pre-Preferential Holding	No. of equity share to be allotted	Post-Preferential Holding	Post-Preferential Holding
				No. of Shares	% of Holding	No. of Shares	No. of Shares	% of Holding
1.	Megh Devendra Thakkar	Individual	Not Applicable	0	0.00	66,667	66,667	0.59

==> picture [481 x 646] intentionally omitted <==

----- Start of picture text -----

2. Kashmira Individual Not 0 0.00 66,667 66,667 0.59
Devendra Applicable
Thakkar
3. Manoj Sheth Individual Not 0 0.00 55,556 55,556 0.49
Applicable
4. Jagruti Sheth Individual Not 0 0.00 55,556 55,556 0.49
Applicable
5. Dev Sheth Individual Not 0 0.00 55,556 55,556 0.49
Applicable
6. Rohan Sheth Individual Not 0 0.00 55,556 55,556 0.49
Applicable
7. Jigar Mistry Individual Not 0 0.00 1,11,111 1,11,111 0.98
Applicable
8. Mafatlal Individual Not 23,400 0.27 55,556 78,956 0.70
Dani Applicable
9. Rahul Dani Individual Not 0 0.00 27,778 27,778 0.24
Applicable
10. Arun Dani Individual Not 0 0.00 27,778 27,778 0.24
Applicable
11. Parth Individual Not 0 0.00 2,22,222 2,22,222 1.96
Kamdar Applicable
12. Bhavana Individual Not 0 0.00 55,556 55,556 0.49
Kansara Applicable
13. Kalpesh Individual Not 20,000 0.23 1,66,667 1,86,667 1.65
Gandhi Applicable
14. Ami Gandhi Individual Not 20,049 0.24 1,00,000 1,20,049 1.06
Applicable
15. Meet Gandhi Individual Not 0 0.00 11,111 11,111 0.10
Applicable
16. Mohak Individual Not 0 0.00 55,556 55,556 0.49
Mehta Applicable
17. Premal Nitin Individual Not 0 0.00 22,222 22,222 0.20
Shroff Applicable
18. Rachna Individual Not 0 0.00 22,222 22,222 0.20
Pemal Shroff Applicable
19. Nitin Individual Not 0 0.00 22,222 22,222 0.20
Bahgwandas Applicable
Shroff
20. Nita Nitin Individual Not 0 0.00 22,222 22,222 0.20
Shroff Applicable
21. Shaivi Premal Individual Not 0 0.00 22,222 22,222 0.20
Shroff Applicable
22. Srinivas Individual Not 0 0.00 55,556 55,556 0.49
Reddy Applicable
23. Runal Priyam Individual Not 0 0.00 55,556 55,556 0.49
Shah Applicable
24. Parul Sanghvi Individual Not 0 0.00 55,556 55,556 0.49
Applicable
----- End of picture text -----

==> picture [481 x 632] intentionally omitted <==

----- Start of picture text -----

25. Tejal Sheth Individual Not 0 0.00 33,333 33,333 0.29
Applicable
26. Nirmala Vora Individual Not 500 0.01 22,222 22,722 0.20
Applicable
27. Nishi Parikh Individual Not 597 0.01 22,222 22,819 0.20
Applicable
28. Kamal HUF Kamal 0 0.00 33,333 33,333 0.29
Parekh HUF Bhupatrai
Parekh
29. Hariom Individual Not 5,185 0.06 33,333 38,518 0.34
Acharya Applicable
30. Mayur Individual Not 0 0.00 22,222 22,222 0.20
Thaker Applicable
31. Vishal Raval HUF Vishal 0 0.00 44,444 44,444 0.39
HUF Kanaiyalal
Raval
32. Rushabh Individual Not 0 0.00 88,889 88,889 0.78
Modi Applicable
33. Nikhil Shah Individual Not 0 0.00 27,778 27,778 0.24
Applicable
34. Suresh Salian Individual Not 0 0.00 27,778 27,778 0.24
Applicable
35. Swati Shah Individual Not 0 0.00 1,11,111 1,11,111 0.98
Applicable
36. Mahendra Individual Not 0 0.00 1,11,111 1,11,111 0.98
Patel Applicable
37. Sonal Paresh Individual Not 0 0.00 27,778 27,778 0.24
Patel Applicable
38. Paresh Patel Individual Not 0 0.00 27,778 27,778 0.24
Applicable
39. Sonal Individual Not 0 0.00 44,444 44,444 0.39
Bhavesh Applicable
Kathiriya
40. Savitaben Individual Not 0 0.00 33,333 33,333 0.29
Kathiriya Applicable
41. Jeel Kathiriya Individual Not 0 0.00 44,444 44,444 0.39
Applicable
42. Bhavesh Individual Not 0 0.00 44,444 44,444 0.39
Kathiriya Applicable
43. Anand Dubey Individual Not 8,000 0.09 22,222 30,222 0.27
Applicable
44. Kaushik S Individual Not 0 0.00 22,222 22,222 0.20
Parekh Applicable
45. Pruthul Individual Not 5,000 0.06 20,000 25,000 0.22
Marfatia Applicable
46. Rashmi Individual Not 5,000 0.06 20,000 25,000 0.22
Marfatia Applicable
----- End of picture text -----

==> picture [481 x 310] intentionally omitted <==

----- Start of picture text -----

47. Tejas Individual Not 0 0.00 20,000 20,000 0.18
Marfatia Applicable
48. Snigdha Individual Not 5,000 0.06 20,000 25,000 0.22
Marfatia Applicable
49. Yogesh Individual Not 0 0.00 40,000 40,000 0.35
Parmar Applicable
50. Uma Parmar Individual Not 0 0.00 40,000 40,000 0.35
Applicable
51. Atul Shah Individual Not 0 0.00 22,222 22,222 0.20
Applicable
52. Priti Shah Individual Not 0 0.00 66,667 66,667 0.59
Applicable
53. Keyur Shah Individual Not 1,010 0.01 66,667 67,677 0.60
Applicable
54. Urmi Shah Individual Not 0 0.00 66,667 66,667 0.59
Applicable
55. Hetal Viral Individual Not 10,927 0.13 48,000 58,927 0.52
Dedhia Applicable
56. Viral Vasant Individual Not 27,324 0.32 32,000 59,324 0.52
Dedhia Applicable
57. Dharmistha Individual Not 0 0.00 55,556 55,556 0.49
Nikhil Applicable
Thakkar
----- End of picture text -----

This Corrigendum to the No�ce of the EGM shall form an integral part of the No�ce of EGM which has already been circulated to shareholders of Company and on and from the date hereof, the No�ce of the EGM shall always be read in conjunc�on with this Corrigendum. This Corrigendum is also being published in the Business Standard (English) and Loksa�a Jansa�a (Gujara�) newspaper and will also be made available on website of the stock exchanges i.e. BSE and on the website of the Company (www.axelpolymers.com). All other contents of the No�ce of EGM, save and except as modified or supplemented by the Corrigendum, shall remain unchanged.

Place: Vadodara Date: August 12, 2025.

Registered Office: “S No 309, Vil-Mokshi, Sankarda-Savli Road Tal-Savli, Vadodara, Gujarat, India, 391780

By order of the Board of Directors For AXEL POLYMERS LIMITED

Sd/ASHISH CHAUDHARY Company Secretary Membership No. ACS 72705