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]

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28[th] July, 2025

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

Scrip Code: 513642

Subject: Notice of the Extra-ordinary General Meeting

Dear Sir/Madam,

Pursuant to the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose herewith the Notice convening the Extra-ordinary General Meeting ("EGM") scheduled to be held on Wednesday, August 20, 2025 at 11.30 A.M. (IST) through Video Conferencing/ Other Audio Visual Means in accordance with relevant circulars issued by the Ministry of Corporate Affairs and Securities Exchange Board of India.

In compliance with the aforesaid circulars, the Notice of the EGM is being sent today, only by electronic mode to those shareholders whose e-mail address is registered with the Company/ Registrar and Transfer Agent of the Company /Depository Participants. The Notice of the EGM is also available on the website of the Company at www.axelpolymers.com

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: 2025.07.28 16:18:20 +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

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CIN: L25200GJ1992PLC017678

Registered Office: 309, Mokshi, Sankarda - Savli Road, Tal. Savli, Dist. Vadodara – 391780. Corporate Office: B-312, Western Edge II, Off Western Express Highway, Borivali (East), Mumbai - 400066. Email Id: [email protected] , Website: www.axelpolymers.com , Phone: +91 89800 29622.

NOTICE OF THE EXTRA-ORDINARY GENERAL MEETING (EGM) OF AXEL POLYMERS LIMITED

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NOTICE

NOTICE is hereby given to the shareholders (the “ Shareholders ” or the “ Members ”) of AXEL POLYMERS LIMITED (“ AXEL ”/ “ the Company ”) pursuant to Sec�on 108 and other applicable provisions, if any, of the Companies Act, 2013, and the rules and regula�ons made thereunder [including any statutory modifica�on(s) or re-enactment(s) thereof for the �me being in force], Regula�on 44 of Securi�es and Exchange Board of India (Lis�ng Obliga�ons and Disclosure Requirements) Regula�ons, 2015 [including any amendments, statutory modifica�on(s), and/or re-enactment(s) thereof, for the �me being in force] (the “ SEBI Lis�ng Regula�ons ”), Secretarial Standards (“ SS2 ”) issued by the Ins�tute of Company Secretaries of India on General Mee�ng, and other applicable laws and regula�ons, as amended from �me to �me [including any statutory modifica�on(s) or re-enactment(s) thereof for the �me being in force], that an Extra Ordinary General Mee�ng (“ EGM ”) of the Company will be held on Wednesday, 20[th] August, 2025 at 11.30 a.m. through Video Conferencing/ Other Audio Visual Means to transact the following special business:

ITEM NO. 1

TO CONSIDER AND APPROVE THE ISSUE OF EQUITY SHARES BY WAY OF PREFERENTIAL ISSUE ON PRIVATE PLACEMENT BASIS TO A PERSON BELONGING TO THE PUBLIC CATEGORY

Special resolu�on.

“ RESOLVED THAT (i) pursuant to the provisions of Sec�ons 23, 42, 62(1)(c) and other applicable provisions of the Companies Act, 2013 read with the Companies (Prospectus and Allotment of Securi�es) Rules, 2014, the Companies (Share Capital and Debentures) Rules, 2014 and such other applicable rules and regula�ons made thereunder [including any amendments, statutory modifica�on(s) or re-enactment(s) thereof for the �me being in force] (hereina�er referred to as the “ Act ”); (ii) in accordance with the Foreign Exchange Management Act, 1999, as amended from �me to �me, and rules, direc�ons, circulars, no�fica�ons, regula�ons and guidelines issued thereunder (“ FEMA ”), the Securi�es and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regula�ons, 2018 [including any amendment(s), statutory modifica�on(s), and/or reenactment(s) thereof, for the �me being in force] (“ the SEBI ICDR Regula�ons ”), and the Securi�es and Exchange Board of India (Lis�ng Obliga�ons and Disclosure Requirements) Regula�ons, 2015 [including any amendment(s), statutory modifica�on(s), and/or re-enactment(s) thereof, for the �me being in force] (“ the SEBI Lis�ng Regula�ons ”), the lis�ng agreements entered into by the Company with BSE Limited (“ the Stock Exchange ”) on which the equity shares of the Company having face value of INR 10 (Rupees Ten only) each are listed, and subject to any other rules, regula�ons, guidelines, no�fica�ons, circulars and clarifica�ons issued thereunder, from �me to �me, by the Ministry of Corporate Affairs, the Securi�es and Exchange Board of India (“ SEBI ”) and/or any other competent authori�es from �me to �me to the extent applicable and the enabling provisions of the Memorandum of Associa�on and Ar�cles of Associa�on of the Company, and subject to such approvals, consents, and permissions as may be necessary or required, if any, from appropriate regulatory authori�es, and subject to such condi�ons and modifica�ons as may be imposed or prescribed while gran�ng such approvals, consents and permissions, and based on the recommenda�on of the Board of Directors of the Company, and consent of the Members of the Company be and is hereby accorded to the Board of Directors of the Company

(hereina�er referred to as the “ Board ”, which term shall be deemed to mean and include the Audit Commi�ee or any other Commi�ee cons�tuted/empowered/ to be cons�tuted by the Board from �me to �me to exercise its powers including the powers conferred by this Resolu�on), to create, issue, offer and allot, on a preferen�al basis, in terms of the SEBI ICDR Regula�ons, 28,28,891 (Twenty-Eight Lakh Twenty-Eight Thousand Eight Hundred Ninety one), fully paid up equity shares of the Company having face value of INR 10 (Rupees Ten only) per equity share (“ Equity Shares ”) at a price of INR 45 (Rupees Forty-Five only) per Equity Share (“ Subscrip�on Shares ”), which is not less than the price determined in accordance with Chapter V of the SEBI ICDR Regula�ons (“ Floor Price ”) as on the Relevant Date (i.e., July 21, 2025, being the date 30 days prior to the date of Extra-Ordinary General Mee�ng scheduled to be held on August 20, 2025) determined in accordance with applicable law, and the valua�on report dated July 24, 2025 issued by CS Abhishek Chhajed, an independent registered valuer (with Registra�on No. IBBI/RVI/03/2020/13674), for determining the floor price as required under SEBI ICDR Regula�ons, to following persons (“Proposed Allo�ees”) as given in the below table on such terms and condi�ons as may be determined by the Board in accordance with Chapter V of the SEBI ICDR Regula�ons;

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Sr. Name Type of Category of No. of Shares Consideration at
no. Proposed Proposed ₹45/- per equity
Allottees Allottees share (including
(Individual/ (Promoter/ premium of ₹35/-
Body Public) per equity share)
Corporate
/HUF etc.)
1. Megh Devendra Individual Public 66,667 30,00,015.00
Thakkar
2. Kashmira Devendra Individual Public 66,667 30,00,015.00
Thakkar
3. Manoj Sheth Individual Public 55,556 25,00,020.00
4. Jagruti Sheth Individual Public 55,556 25,00,020.00
5. Dev Sheth Individual Public 55,556 25,00,020.00
6. Rohan Sheth Individual Public 55,556 25,00,020.00
7. Jigar Mistry Individual Public 1,11,111 49,99,995.00
8. Mafatlal Dani Individual Public 55,556 25,00,020.00
9. Rahul Dani Individual Public 27,778 12,50,010.00
10. Arun Dani Individual Public 27,778 12,50,010.00
11. Parth Kamdar Individual Public 2,22,222 99,99,990.00
12. Bhavana Kansara Individual Public 55,556 25,00,020.00
13. Kalpesh Gandhi Individual Public 1,66,667 75,00,015.00
14. Ami Gandhi Individual Public 1,00,000 45,00,000.00
15. Meet Gandhi Individual Public 11,111 4,99,995.00
16. Mohak Mehta Individual Public 55,556 25,00,020.00
17. Premal Nitin Shroff Individual Public 22,222 9,99,990.00
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18. Rachna Pemal Individual Public 22,222 9,99,990.00
Shroff
19. Nitin Bahgwandas Individual Public 22,222 9,99,990.00
Shroff
20. Nita Nitin Shroff Individual Public 22,222 9,99,990.00
21. Shaivi Premal Individual Public 22,222 9,99,990.00
Shroff
22. Srinivas Reddy Individual Public 55,556 25,00,020.00
23. Runal Priyam Shah Individual Public 55,556 25,00,020.00
24. Parul Sanghvi Individual Public 55,556 25,00,020.00
25. Tejal Sheth Individual Public 33,333 14,99,985.00
26. Nirmala Vora Individual Public 22,222 9,99,990.00
27. Nishi Parikh Individual Public 22,222 9,99,990.00
28. Kamal Parekh HUF HUF Public 33,333 14,99,985.00
29. Hariom Acharya Individual Public 33,333 14,99,985.00
30. Mayur Thaker Individual Public 22,222 9,99,990.00
31. Vishal Raval HUF HUF Public 44,444 19,99,980.00
32. Rushabh Modi Individual Public 88,889 40,00,005.00
33. Nikhil Shah Individual Public 27,778 12,50,010.00
34. Suresh Salian Individual Public 27,778 12,50,010.00
35. Swati Shah Individual Public 1,11,111 49,99,995.00
36. Mahendra Patel Individual Public 1,11,111 49,99,995.00
37. Sonal Paresh Patel Individual Public 27,778 12,50,010.00
38. Paresh Patel Individual Public 27,778 12,50,010.00
39. Sonal Bhavesh Individual Public 44,444 19,99,980.00
Kathiriya
40. Savitaben Kathiriya Individual Public 33,333 14,99,985.00
41. Jeel Kathiriya Individual Public 44,444 19,99,980.00
42. Bhavesh Kathiriya Individual Public 44,444 19,99,980.00
43. Anand Dubey Individual Public 22,222 9,99,990.00
44. Kaushik S Parekh Individual Public 22,222 9,99,990.00
45. Pruthul Marfatia Individual Public 20,000 9,00,000.00
46. Rashmi Marfatia Individual Public 20,000 9,00,000.00
47. Tejas Marfatia Individual Public 20,000 9,00,000.00
48. Snigdha Marfatia Individual Public 20,000 9,00,000.00
49. Yogesh Parmar Individual Public 40,000 18,00,000.00
50. Uma Parmar Individual Public 40,000 18,00,000.00
51. Atul Shah Individual Public 22,222 9,99,990.00
52. Priti Shah Individual Public 66,667 30,00,015.00
53. Keyur Shah Individual Public 66,667 30,00,015.00
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54. Urmi Shah Individual Public 66,667 30,00,015.00
55. Hetal Viral Dedhia Individual Public 48,000 21,60,000.00
56. Viral Vasant Dedhia Individual Public 32,000 14,40,000.00
57. Dharmistha Nikhil Individual Public 55,556 25,00,020.00
Thakkar
Total 28,28,891 12,73,00,095
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“ RESOLVED FURTHER THAT in terms of the provisions of Chapter V of the SEBI ICDR Regula�ons, the relevant date for determining the Floor Price for the Subscrip�on Shares to be issued and allo�ed as above is Monday, July 21, 2025 (“ Relevant Date ”), being the date 30 (thirty) days prior to the date of this Extra-Ordinary General Mee�ng (Wednesday, August 20, 2025) on which this special resolu�on is proposed to be passed.”

“ RESOLVED FURTHER THAT aforesaid issue of the Equity Shares shall be subject to the condi�ons prescribed under the Act and the SEBI ICDR Regula�ons including the following:

The Equity Shares will be listed and traded on the Stock Exchange, where the Equity Shares of the Company is listed, subject to the receipt of necessary regulatory permissions and approvals, as the case may be.
The consideration for allotment of Equity Shares shall be paid to the Company from the Bank account of the Proposed Allottee.
The price determined above shall be subject to appropriate adjustments as permitted under the rules, regulations and laws, as applicable from time to time.
The Equity Shares to be issued and allotted shall be fully paid up and rank pari-passu with the existing Equity Shares of the Company in all respects (including with respect to dividend and voting powers) from the date of allotment thereof, be subject to the requirements of all applicable laws and shall be subject to the provisions of the Memorandum of Association and Articles of Association of the Company.
The Equity Shares shall be allotted by the Company to the Proposed Allottee in dematerialized form within a period of 15 (Fifteen) days from the date of receipt of members approval, provided that, where the issue and allotment of the said Equity Shares is pending on account of pendency of approval of any Regulatory Authority (including, but not limited to BSE Limited and/or SEBI) or the Government of India, the issue and allotment shall be completed within a period of 15 (Fifteen) days from the date of receipt of last of such approvals.
The entire pre-preferential equity shareholding of the Proposed Allottees, if any, shall be subject to lock-in as per Regulation 167(6) of the SEBI ICDR Regulations
The Equity Shares to be offered/issued and allotted shall be subject to lock in for such period as provided under the provisions of Chapter V of SEBI ICDR Regulations.
The Equity Shares to be allotted shall be in dematerialized form only.
The Equity Shares to be allotted to the Proposed Allottees shall be listed on the stock exchange where the existing Equity Shares of the Company are listed, subject to the receipt of necessary regulatory permissions and approvals as the case may be.
In accordance with the provisions of Regulation 161 of the SEBI ICDR Regulations, the “Relevant Date” for the purpose of determination of the floor price of the Subscription Shares to be issued and allotted is Monday, July 21, 2025.
An amount equivalent to 100% of the total consideration for the Equity Shares will be payable at the time of subscription to the Equity Shares, as prescribed under Regulation 169 of the SEBI (ICDR) Regulations.
The allotment of the Subscription Shares is subject to Proposed Allottees not having sold any Equity Shares of the Company during 90 (ninety) trading days preceding the Relevant Date i.e., Monday, July 21, 2025.

“ RESOLVED FURTHER THAT the pre-preferen�al allotment shareholding of Proposed Allo�ees, if any, in the Company shall also be subject to lock-in as per the provisions of the SEBI ICDR Regula�ons;”

“ RESOLVED FURTHER THAT of Subscrip�on Shares, subject to the provisions of the Act and the SEBI ICDR Regula�ons, without being required to seek any further consent or approval of the shareholders of the Company.”

RESOLVED FURTHER THAT the Board be and is hereby authorized to appoint such professionals and/or intermediaries, including external advisers, experts, legal advisers, managers, etc., to assist the Company, if required for the said preferen�al issue and finalize the terms and condi�ons of their appointment and sign and execute necessary le�ers, deeds, documents and agreements as may be required.

“ RESOLVED FURTHER THAT authorised to do all such acts, deeds, ma�ers and things as it may, in its absolute discre�on, deem necessary, desirable or expedient, including without limita�on (i) to effect any modifica�on(s), change(s), varia�on(s), altera�on(s), addi�on(s) and/or dele�on(s) of the relevant terms and condi�ons related to the issue of Subscrip�on Shares, as may be required by any regulatory authori�es or otherwise; (ii) to issue a le�er of offer/ private placement offer cum applica�on le�er to the Proposed Allo�ee(s) (in Form PAS-4 as prescribed under the Companies Act, 2013); (iii) to record the name of the Proposed Allo�ee(s) and details of the offer le�er in Form PAS-5 in accordance with the Act; (iv) to issue and allot the Subscrip�on Shares to the Proposed Allo�ee(s); (v) authorise the credit of Subscrip�on Shares allo�ed to the demat accounts of the Proposed Allo�ee(s); (vi) issuing clarifica�ons, resolving all ques�ons of doubt, effec�ng any modifica�ons or changes to the foregoing [including modifica�on(s) to the terms of the issue]; (vii) entering into contracts, arrangements, agreements, documents (including for appointment of agencies, intermediaries and advisors for the Proposed Transac�on) and to authorize all such persons as may be necessary, in connec�on therewith and incidental thereto as the Board in its absolute discre�on shall deem fit and to se�le all ques�ons, difficul�es or doubts that may arise in regard to the offer; (viii) issue and allotment of the Subscrip�on Shares and lis�ng thereof with the Stock Exchange, apply to Stock Exchange for obtaining the in-principle approval in accordance with Regula�on 160(f) of the SEBI ICDR Regula�ons and Regula�on 28 of the SEBI Lis�ng Regula�ons, lis�ng approval of the Subscrip�on Shares, trading approval of the Subscrip�on Shares, and other ac�vi�es as may be necessary for obtaining lis�ng and trading approvals from the Stock Exchange; (ix) file necessary forms with the appropriate authori�es or expedient in this regard and undertake all such ac�ons and compliances as may be necessary, desirable or expedient for the purpose of giving effect to this resolu�on in accordance with applicable law, including the SEBI

ICDR Regula�ons and the SEBI Lis�ng Regula�ons; (x) obtain any and all regulatory approvals , take all necessary ac�ons and file all necessary applica�ons, make representa�ons with any regulatory authority, whether in person or through any representa�ve in order to seek and obtain the requisite approvals for the Proposed Transac�on; and (xi) take all other steps which may be incidental, consequen�al, relevant or ancillary in this connec�on and to effect any modifica�on(s) to the foregoing without being required to seek any fresh approval of the Members and the Members shall be deemed to have given their approval thereto expressly by the authority of this resolu�on and the decision of the Board shall be final and conclusive.”

“ RESOLVED FURTHER THAT the Board, be and is hereby authorised to delegate all or any of the powers herein conferred, to any Director(s) or Chief Financial Officer or Company Secretary or any other Officer(s) as Authorised Representa�ve(s) of the Company, to do all such acts and take such steps, as may be considered necessary or expedient, to give effect to the aforesaid resolu�on(s);”

“ RESOLVED FURTHER THAT all ac�ons taken by the Board or commi�ee(s) of the Board duly cons�tuted for this purpose in connec�on with any ma�er referred to above or contemplated in the foregoing resolu�on are hereby approved, ra�fied and confirmed in all respects.”

Place: Vadodara By order of the Board of Directors Date: July 24, 2025. For AXEL POLYMERS LIMITED

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

Sd/-

ASHISH CHAUDHARY

Company Secretary Membership No. ACS 72705

NOTES:

The Government of India, Ministry of Corporate Affairs has allowed conducting Extra Ordinary General Meeting through Video Conferencing (VC) or Other Audio Visual Means (OAVM) and dispensed with the personal presence of the members at the meeting. Accordingly, the Ministry of Corporate Affairs issued Circular No. 14/2020 dated April 8, 2020, Circular No. 17/2020 dated April 13, 2020 and Circular No. 20/2020 dated May 5, 2020 and Circular No. 02/2021 dated January 13, 2021 and Circular No. 21/2021 dated December 14, 2021 and 02/2022 dated May 5, 2022, 10/2022 dated December 28, 2022, 09/2023 dated September 25, 2023 and 9/2024 dated September 19, 2024 (“MCA Circulars”) and Circular No. SEBI/HO/CFD/CMD2/CIR/P/2021/11 dated January 15, 2021 and Circular No. SEBI/HO/DDHS/P/CIR/2022/0063 dated May 13, 2022, SEBI/HO/CRD/PoD2/P/CIR/2023/4 dated January 5, 2023, Circular No. SEBI/HO/CFD/CFD-PoD-2/P/CIR/2023/167 dated October 7, 2023 and Circular No. SEBI/HO/CFD/CFD-PoD-2/P/CIR/2024/133 dated October 3, 2024 issued by the Securities Exchange Board of India (“SEBI Circular”) prescribing the procedures and manner of conducting the Annual General Meeting through VC/OVAM. In terms of the said circulars, the Extra-Ordinary General Meeting (“EGM”) of the Members will be held through VC/OAVM. Hence, Members can attend and participate in the EGM through VC/OAVM only. The detailed procedure for participation in the meeting through VC/OAVM is as per note no. 9 and available at the Company’s website: www.axelpolymers.com.
The helpline number regarding any query / assistance for participation in the EGM through VC/OAVM is 022 - 4886 7000.
Pursuant to the Circular No. 14/2020 dated 8[th] April, 2020, issued by the Ministry of Corporate Affairs, the facility to appoint proxy to attend and cast vote for the shareholders is not available for this EGM. However, the Body Corporates are entitled to appoint authorized representatives to attend the EGM through VC/OAVM and participate thereat and cast their votes through e-voting.
The attendance of the shareholders attending the EGM through VC/OAVM will be counted for the purpose of reckoning the quorum under Section 103 of the Act.
In line with the aforesaid MCA Circulars, the Notice calling the EGM has been uploaded on the website of the Company at www.axelpolymers.com . The Notice can also be accessed from the websites of the Stock Exchange i.e. BSE Limited at www.bseindia.com and the EGM Notice is also available on the website of National Securities Depository Limited (“NSDL”) (agency providing the e-Voting facility) at www.evoting.nsdl.com.
Shareholders holding the shares in physical mode are requested to notify immediately the change of their address and bank particulars to the R&T Agent of the Company. In case shares held in dematerialized form, the information regarding change of address and bank particulars should be given to their respective Depository Participant.
The Shareholders can join the EGM through the VC/ OAVM mode 15 (fifteen) minutes before and after the scheduled time of the commencement of the Meeting by following the procedure mentioned in the Notice. The facility of participation at the EGM through VC/OAVM will be made available for 1,000 shareholders on first come

first served basis. This will not include large shareholders (Shareholders holding 2% or more shareholding), Promoters, Institutional Investors, Directors, Key Managerial Personnel, the Chairpersons of the Audit Committee, Nomination and Remuneration Committee and Stakeholders' Relationship Committee, Auditors etc. who are allowed to attend the EGM without restriction on account of first come first served basis.

8. Process and manner for shareholders opting for voting through electronic means:

i. Pursuant to the provisions of Section 108 of the Act read with Rule 20 of the Companies (Management and Administration) Rules, 2014 (as amended) and Regulation 44 of SEBI Listing Regulations (as amended), and the Circulars issued by the Ministry of Corporate Affairs dated 8[th] April, 2020, 13[th] April, 2020, 5[th] May, 2020, 13[th] January, 2021, 14[th] December, 2021, 5[th] May, 2022, 28[th] December, 2022, 25[th] September, 2023 and 19[th] September, 2024, the Company is providing facility of remote e-voting to its shareholders in respect of the business to be transacted at the EGM. For this purpose, the Company has entered into an agreement with NSDL, as the authorized e-voting agency for facilitating voting through electronic means. The facility of casting votes by a shareholder using remote e-voting as well as e-voting system on the date of the EGM will be provided by NSDL.
ii. Shareholders whose names are recorded in the Register of Members or in the Register of Beneficial Owners maintained by the Depositories as on the Cut-off date i.e. Wednesday, August 13, 2025, shall be entitled to avail the facility of remote e-voting as well as e-voting system on the date of the EGM. Any recipient of the Notice, who has no voting rights as on the Cut-off date, shall treat this Notice as intimation only.
iii. A person who has acquired the shares and has become a shareholder of the Company after the dispatch of the Notice of the EGM and prior to the Cut-off date i.e. Wednesday, August 13, 2025, shall be entitled to exercise his/her vote either electronically i.e. remote e-voting or venue voting system on the date of the EGM by following the procedure mentioned in this part.
iv. The remote e-voting will commence on Sunday, August 17, 2025 at 9:00 a.m. and will end on Tuesday, August 19, 2025 at 5:00 p.m. During this period, the shareholders of the Company holding shares either in physical form or in demat form as on the Cut-off date. i.e. Wednesday, August 13, 2025 may cast their vote electronically. The shareholders will not be able to cast their vote electronically beyond the date and time mentioned above and the remote e-voting module shall be disabled for voting by NSDL thereafter.
v. Once the vote on a resolution is cast by the Shareholder, he/she shall not be allowed to change it subsequently or cast the vote again.
vi. Since the EGM will be held through VC/OAVM, the Route Map is not annexed in this Notice.
vii. The voting rights of the shareholders shall be in proportion to their share in the paid-up equity share capital of the Company as on the Cut-off date i.e. Wednesday, August 13, 2025.
viii. The Board of Directors of the Company has appointed Mr. Devesh Pathak, Practising Company Secretary (Membership No.: FCS- 4559), Proprietor, M/s Devesh Pathak & Associates, Vadodara, as the Scrutinizer, to scrutinize the voting during the EGM and remote e-Voting process in a fair and transparent manner
a) Shareholders will receive “speaking serial number” once they mark attendance for the meeting. Please remember speaking serial number and start your conversation with panellist by switching on video mode and audio of your device.
b) Other shareholder who has not registered as “Speaker Shareholder” may still ask questions to the panellist via active chat-board during the meeting.

*Shareholders are requested to speak only when moderator of the meeting/ management will announce the name and serial number for speaking.

9. Instructions for Shareholders to Vote during the General Meeting through

Pursuant to the General Circular No. 09/2024 dated September 19, 2024, issued by the Ministry of Corporate Affairs (MCA) and circular issued by SEBI vide circular no. SEBI/ HO/ CFD/ CFDPoD-2/ P/ CIR/ 2024/ 133 dated October 3, 2024 (“SEBI Circular”) and other applicable circulars and notifications issued (including any statutory modifications or re-enactment thereof for the time being in force and as amended from time to time, companies are allowed to hold EGM/AGM through Video Conferencing (VC) or other audio visual means (OAVM), without the physical presence of members at a common venue. In compliance with the said Circulars, EGM shall be conducted through VC / OAVM.
Pursuant to the Circular No. 14/2020 dated April 08, 2020, issued by the Ministry of Corporate Affairs, the facility to appoint proxy to attend and cast vote for the members is not available for this EGM. However, the Body Corporates are entitled to appoint authorised representatives to attend the EGM through VC/OAVM and participate there at and cast their votes through e-voting.
The Members can join the EGM in the VC/OAVM mode 15 minutes before and after the scheduled time of the commencement of the Meeting by following the procedure mentioned in the Notice. The facility of participation at the EGM through VC/OAVM will be made available for 1000 members on first come first served basis. This will not include large Shareholders (Shareholders holding 2% or more shareholding), Promoters, Institutional Investors, Directors, Key Managerial Personnel, the Chairpersons of the Audit Committee, Nomination and Remuneration Committee and Stakeholders Relationship Committee, Auditors etc. who are allowed to attend the EGM without restriction on account of first come first served basis.
The attendance of the Members attending the EGM through VC/OAVM will be counted for the purpose of reckoning the quorum under Section 103 of the Companies Act, 2013.
Pursuant to the provisions of Section 108 of the Companies Act, 2013 read with Rule 20 of the Companies (Management and Administration) Rules, 2014 (as amended) the Secretarial Standard on General Meetings (SS-2) issued by the ICSI and Regulation 44 of SEBI (Listing Obligations & Disclosure Requirements) Regulations 2015 (as amended), and the Circulars issued by the Ministry of Corporate Affairs from time to time the Company is providing facility of remote e-Voting to its Members in respect of the business to be transacted at the EGM. For this purpose, the Company has entered into an

agreement with National Securities Depository Limited (NSDL) for facilitating voting through electronic means, as the authorized agency. The facility of casting votes by a member using remote e-Voting system as well as e-voting on the date of the EGM will be provided by NSDL.

In line with the Ministry of Corporate Affairs (MCA) Circular No. 17/2020 dated April 13, 2020, the Notice calling the EGM has been uploaded on the website of the Company at www.axelpolymers.com. The Notice can also be accessed from the websites of the Stock Exchanges i.e. BSE Limited at www.bseindia.com and the EGM Notice is also available on the website of NSDL (agency for providing the Remote e-Voting facility) i.e. www.evoting.nsdl.com.
EGM has been convened through VC/OAVM in compliance with applicable provisions of the Companies Act, 2013 read with MCA Circular issued from time to time

THE INSTRUCTIONS FOR MEMBERS FOR REMOTE E-VOTING AND JOINING GENERAL MEETING ARE AS UNDER:-

The remote e-voting period begins on Sunday, August 17, 2025 at 9:00 a.m. and ends on Tuesday, August 19, 2025 at 5:00 p.m. The remote e-voting module shall be disabled by NSDL for voting thereafter. The Members, whose names appear in the Register of Members / Beneficial Owners as on the record date (cut-off date) i.e. Wednesday, August 13, 2025, may cast their vote electronically. The voting right of shareholders shall be in proportion to their share in the paid-up equity share capital of the Company as on the cut-off date, being Wednesday, August 13, 2025.

- How do I vote electronically using NSDL e Voting system?

The way to vote electronically on NSDL e-Voting system consists of “Two Steps” which are mentioned below:

- Step 1: Access to NSDL e Voting system

- A) Login method for e Voting and joining virtual meeting for Individual shareholders holding securities in demat mode

In terms of SEBI circular dated December 9, 2020 on e Voting facility provided by Listed Companies, Individual shareholders holding securities in demat mode are allowed to vote through their demat account maintained with Depositories and Depository Participants. Shareholders are - advised to update their mobile number and email Id in their demat accounts in order to access e Voting facility.

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Type of shareholders Login Method
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Type of shareholders Login Method	Type of shareholders Login Method	Type of shareholders Login Method
Individual Shareholders holding securities in demat mode with NSDL.	1. 2. 3. 4.	For OTP based login you can click on https://eservices.nsdl.com/SecureWeb/evoting/evotinglogin.jsp. You will have to enter your 8-digit DP ID,8-digit Client Id, PAN No., Verification code and generate OTP. Enter the OTP received on registered email id/mobile number and click on login. After successful authentication, you will be redirected to NSDL Depository site wherein you can see e-Voting page. Click on company name ore-Voting service provider i.e. NSDLand you will be redirected to e-Voting website of NSDL for casting your vote during the remote e-Voting period or joining virtual meeting & voting during the meeting. ExistingIDeASuser can visit the e-Services website of NSDL Viz. https://eservices.nsdl.com either on a Personal Computer or on a mobile. On the e-Services home page click on the “Beneficial Owner” icon under“Login”which is available under‘IDeAS’section , this will prompt you to enter your existing User ID and Password. After successful authentication, you will be able to see e-Voting services under Value added services. Click on“Access to e-Voting”under e-Voting services and you will be able to see e-Voting page. Click on company name ore- Voting service provider i.e. NSDLand you will be re-directed to e-Voting website of NSDL for casting your vote during the remote e-Voting period or joining virtual meeting & voting during the meeting. If you are not registered for IDeAS e-Services, option to register is available athttps://eservices.nsdl.com.Select“Register Online for IDeAS Portal” or click at https://eservices.nsdl.com/SecureWeb/IdeasDirectReg.jsp Visit the e-Voting website of NSDL. Open web browser by typing the following URL:https://www.evoting.nsdl.com/ either on a Personal Computer or on a mobile. Once the home page of e-Voting system is launched, click on the icon “Login” which is available under ‘Shareholder/Member’ section. A new screen will open. You will have to enter your User ID (i.e. your sixteen digit demat account number hold with NSDL), Password/OTP and a Verification Code as shown on the screen. After successful authentication, you will be redirected to NSDL Depository site wherein you can see e-Voting page. Click on company name ore-Voting service provider i.e. NSDLand you will be redirected to e-Voting website of NSDL for casting your vote during the remote e- Voting period or joining virtual meeting & voting during the meeting.

Shareholders/Members can also download NSDL Mobile App “ NSDL Speede ” facility by scanning the QR code mentioned below for seamless voting experience.

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Individual 1. Users who have opted for CDSL Easi / Easiest facility, can login through Shareholders holding their existing user id and password. Option will be made available to securities in demat reach e-Voting page without any further authentication. The users to mode with CDSL login Easi /Easiest are requested to visit CDSL website www.cdslindia.com and click on login icon & New System Myeasi Tab and then user your existing my easi username & password.
1. After successful login the Easi / Easiest user will be able to see the e- Voting option for eligible companies where the evoting is in progress as per the information provided by company. On clicking the evoting option, the user will be able to see e-Voting page of the e-Voting service provider for casting your vote during the remote e-Voting period or joining virtual meeting & voting during the meeting. Additionally, there is also links provided to access the system of all e-Voting Service Providers, so that the user can visit the e-Voting service providers’ website directly.
1. If the user is not registered for Easi/Easiest, option to register is available at CDSL website www.cdslindia.com and click on login & New System Myeasi Tab and then click on registration option.
1. Alternatively, the user can directly access e-Voting page by providing Demat Account Number and PAN No. from a e-Voting link available on www.cdslindia.com home page. The system will authenticate the user by sending OTP on registered Mobile & Email as recorded in the Demat Account. After successful authentication, user will be able to see the e- Voting option where the evoting is in progress and also able to directly access the system of all e-Voting Service Providers.

Individual
Shareholders (holding
securities
in
demat
mode) login through
their
depository
participants

You can also login using the login credentials of your demat account through your
Depository Participant registered with NSDL/CDSL for e-Voting facility. upon
logging in, you will be able to see e-Voting option. Click on e-Voting option, you
will be redirected to NSDL/CDSL Depository site after successful authentication,
wherein you can see e-Voting feature. Click on company name or e-Voting
service provider i.e. NSDL and you will be redirected to e-Voting website of NSDL
for casting your vote during the remote e-Voting period or joining virtual meeting
& voting during the meeting.

Important note: Members who are unable to retrieve User ID/ Password are advised to use Forget User ID and Forget Password option available at abovementioned website.

Helpdesk for Individual Shareholders holding securities in demat mode for any technical issues related to login through Depository i.e. NSDL and CDSL.

to login through Depository i.e. NSDL and CDSL.
Login type		Helpdesk details
Individual Shareholders holding securities in demat mode with NSDL		Members facing any technical issue in login can contact NSDL helpdesk by sending a request at [email protected] or call at 022 - 4886 7000
Individual Shareholders holding securities in demat mode with CDSL		Members facing any technical issue in login can contact CDSL helpdesk by sending a request at [email protected] or contact at toll free no. 1800-21-09911

B) Login Method for e-Voting and joining virtual meeting for shareholders other than Individual shareholders holding securities in demat mode and shareholders holding securities in physical mode.

How to Log-in to NSDL e-Voting website?

Visit the e-Voting website of NSDL. Open web browser by typing the following URL: https://www.evoting.nsdl.com/ either on a Personal Computer or on a mobile.
Once the home page of e-Voting system is launched, click on the icon “Login” which is available under ‘Shareholder/Member’ section.
A new screen will open. You will have to enter your User ID, your Password/OTP and a Verification Code as shown on the screen.
Alternatively, if you are registered for NSDL eservices i.e. IDEAS, you can log-in at https://eservices.nsdl.com/ with your existing IDEAS login. Once you log-in to NSDL eservices after using your log-in credentials, click on e-Voting and you can proceed to Step 2 i.e. Cast your vote electronically.
Your User ID details are given below :

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Manner of holding shares i.e. Demat (NSDL Your User ID is:
or CDSL) or Physical
a) For Members who hold shares in demat 8 Character DP ID followed by 8 Digit Client
account with NSDL. ID
For example if your DP ID is IN300 and
Client ID is 12 then your user ID is
IN30012**.
b) For Members who hold shares in demat 16 Digit Beneficiary ID
account with CDSL.
For example if your Beneficiary ID is
12** then your user ID is
12**
c) For Members holding shares in Physical EVEN Number followed by Folio Number
Form. registered with the company
For example if folio number is 001 and
EVEN is 101456 then user ID is
101456001
5. Password details for shareholders other than Individual shareholders are given below:
a) If you are already registered for e-Voting, then you can user your existing password to login
and cast your vote.
b) If you are using NSDL e-Voting system for the first time, you will need to retrieve the ‘initial
password’ which was communicated to you. Once you retrieve your ‘initial password’, you
need to enter the ‘initial password’ and the system will force you to change your password.
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c) How to retrieve your ‘initial password’?

  - (i) If your email ID is registered in your demat account or with the company, your ‘initial password’ is communicated to you on your email ID. Trace the email sent to you from NSDL from your mailbox. Open the email and open the attachment i.e. a .pdf file. Open the .pdf file. The password to open the .pdf file is your 8 digit client ID for NSDL account, last 8 digits of client ID for CDSL account or folio number for shares held in physical form. The .pdf file contains your ‘User ID’ and your ‘initial password’.

  - (ii) If your email ID is not registered, please follow steps mentioned below in **process for those shareholders whose email ids are not registered.**

If you are unable to retrieve or have not received the “Initial password” or have forgotten your password: a) Click on “ Forgot User Details/Password ?”(If you are holding shares in your demat account with NSDL or CDSL) option available on www.evoting.nsdl.com.
b) Physical User Reset Password ?” (If you are holding shares in physical mode) option available on www.evoting.nsdl.com.
c) If you are still unable to get the password by aforesaid two options, you can send a request at [email protected] mentioning your demat account number/folio number, your PAN, your name and your registered address etc.
d) Members can also use the OTP (One Time Password) based login for casting the votes on the e- Voting system of NSDL.
After entering your password, tick on Agree to “Terms and Conditions” by selecting on the check box.
Now, you will have to click on “Login” button.
After you click on the “Login” button, Home page of e-Voting will open.

- Step 2: Cast your vote electronically and join General Meeting on NSDL e Voting system.

- How to cast your vote electronically and join General Meeting on NSDL e Voting system?

After successful login at Step 1, you will be able to see all the companies “EVEN” in which you are holding shares and whose voting cycle and General Meeting is in active status.
Select “EVEN” of company for which you wish to cast your vote during the remote e-Voting period and casting your vote during the General Meeting. For joining virtual meeting, you need to click on “VC/OAVM” link placed under “Join Meeting”.
Now you are ready for e-Voting as the Voting page opens.
Cast your vote by selecting appropriate options i.e. assent or dissent, verify/modify the number of shares for which you wish to cast your vote and click on “Submit” and also “Confirm” when prompted.
Upon confirmation, the message “Vote cast successfully” will be displayed.

6. You can also take the printout of the votes cast by you by clicking on the print option on the confirmation page.

7. Once you confirm your vote on the resolution, you will not be allowed to modify your vote.

General Guidelines for shareholders

Institutional shareholders (i.e. other than individuals, HUF, NRI etc.) are required to send scanned copy (PDF/JPG Format) of the relevant Board Resolution/ Authority letter etc. with attested specimen signature of the duly authorized signatory(ies) who are authorized to vote, to the Scrutinizer by e-mail to [email protected] with a copy marked to [email protected]. Institutional shareholders (i.e. other than individuals, HUF, NRI etc.) can also upload their Board Resolution / Power of Attorney / Authority Letter etc. by clicking on "Upload Board Resolution / Authority Letter" displayed under "e-Voting" tab in their login.
It is strongly recommended not to share your password with any other person and take utmost care to keep your password confidential. Login to the e-voting website will be disabled upon five unsuccessful attempts to key in the correct password. In such an event, you will need to go through the “Forgot User Details/Password?” or “Physical User Reset Password?” option available on www.evoting.nsdl.com to reset the password.
In case of any queries, you may refer the Frequently Asked Questions (FAQs) for Shareholders and e-voting user manual for Shareholders available at the download section of www.evoting.nsdl.com or call on.: 022 - 4886 7000 or send a request at [email protected]

Process for those shareholders whose email ids are not registered with the depositories for procuring user id and password and registration of e mail ids for e-voting for the resolutions set out in this notice :

In case shares are held in physical mode please provide Folio No., Name of shareholder, scanned copy of the share certificate (front and back), PAN (self attested scanned copy of PAN card), AADHAR (self attested scanned copy of Aadhar Card) by email to [email protected] .
In case shares are held in demat mode, please provide DPID-CLID (16 digit DPID + CLID or 16 digit beneficiary ID), Name, client master or copy of Consolidated Account statement, PAN (self attested scanned copy of PAN card), AADHAR (self attested scanned copy of Aadhar Card) to [email protected] . If you are an Individual shareholders holding securities in demat mode, you are requested to refer to the login method explained at step 1 (A ) i.e. Login method for e-Voting and joining virtual meeting for Individual shareholders holding securities in demat mode .
Alternatively shareholder/members may send a request to [email protected] for procuring user id and password for e-voting by providing above mentioned documents.
In terms of SEBI circular dated December 9, 2020 on e-Voting facility provided by Listed Companies, Individual shareholders holding securities in demat mode are allowed to vote

through their demat account maintained with Depositories and Depository Participants. Shareholders are required to update their mobile number and email ID correctly in their demat account in order to access e-Voting facility.

THE INSTRUCTIONS FOR MEMBERS FOR e-VOTING ON THE DAY OF THE EGM ARE AS UNDER:-

The procedure for e-Voting on the day of the EGM is same as the instructions mentioned above for remote e-voting.
Only those Members/ shareholders, who will be present in the EGM through VC/OAVM facility and have not casted their vote on the Resolutions through remote e-Voting and are otherwise not barred from doing so, shall be eligible to vote through e-Voting system in the EGM.
Members who have voted through Remote e-Voting will be eligible to attend the EGM. However, they will not be eligible to vote at the EGM.
The details of the person who may be contacted for any grievances connected with the facility for e-Voting on the day of the EGM shall be the same person mentioned for Remote e-voting.

INSTRUCTIONS FOR MEMBERS FOR ATTENDING THE EGM THROUGH VC/OAVM ARE AS UNDER:

Member will be provided with a facility to attend the EGM through VC/OAVM through the NSDL e-Voting system. Members may access by following the steps mentioned above for Access to NSDL e-Voting system . After successful login, you can see link of “VC/OAVM” placed under “Join meeting” menu against company name. You are requested to click on VC/OAVM link placed under Join Meeting menu. The link for VC/OAVM will be available in Shareholder/Member login where the EVEN of Company will be displayed. Please note that the members who do not have the User ID and Password for e-Voting or have forgotten the User ID and Password may retrieve the same by following the remote e-Voting instructions mentioned in the notice to avoid last minute rush.
Members are encouraged to join the Meeting through Laptops for better experience.
Further Members will be required to allow Camera and use Internet with a good speed to avoid any disturbance during the meeting.
Please note that Participants Connecting from Mobile Devices or Tablets or through Laptop connecting via Mobile Hotspot may experience Audio/Video loss due to Fluctuation in their respective network. It is therefore recommended to use Stable Wi-Fi or LAN Connection to mitigate any kind of aforesaid glitches.
Shareholders who would like to express their views/have questions may send their questions in advance mentioning their name demat account number/folio number, email id, mobile number at [email protected] . The same will be replied by the company suitably.
Instructions for shareholders to Speak during the General Meeting: a) For ease of conduct, shareholders who would like to express their views/ask questions during the meeting may register themselves as a speaker by sending their request in advance at least 7 days prior to the meeting mentioning their name, demat account number/folio number, email id, mobile number at [email protected]. The shareholders who do not

want to speak during the EGM but have queries may send their queries in advance at least 7 days prior to the EGM mentioning their name, demat account number / folio number, email id, mobile number at [email protected].

b) Shareholders will get confirmation on first cum first basis depending upon the provision made by the company.

c) Those Shareholders who have registered themselves as a speaker will only be allowed to express their views/ask questions during the EGM.

d) Shareholders will receive “speaking serial number” once they mark attendance for the meeting. Please remember speaking serial number and start your conversation with panellist by switching on video mode and audio of your device.

e) Other shareholder who has not registered as “Speaker Shareholder” may still ask questions to the panellist via active chat-board during the meeting.

*Shareholders are requested to speak only when moderator of the meeting/ management will announce the name and serial number for speaking.

Contact Details:

Company :	Company :	AXEL POLYMERS LIMITED Regd. Office: “S NO 309, VIL-MOKSHI, SANKARDA-SAVLI ROAD TAL-SAVLI, VADODARA, Gujarat, India, 391780 CIN: L25200GJ1992PLC017678 E-mail : [email protected] Website:www.axelpolymers.com
Registrar and Transfer Agent	:	MUFG Intime India Private Limited (Formerly: Link Intime India Private Limited) 5_th _Floor, 506-508, Amarnath Business Centre-1 (ABC-1), Besides Gala Business Centre, Near St. Xavier’s College Corner, Off C G Road, Ellisbridge, Ahmedabad – 380006 Tel: +91- 22-49186270 Fax: +91- 22- 49186060 Email: [email protected] Website:www.in.mpms.mufg.com

e-Voting Agency :	e-Voting Agency :	National Securities Depository Limited E-mail ID: [email protected] Phone: 1800-222-990
Scrutinizer	:	CS Devesh Pathak, Proprietor, M/s Devesh Pathak & Associates, Vadodara E-mail ID: [email protected]

EXPLANATORY STATEMENT PURSUANT TO SECTION 102 OF THE ACT AND OTHER APPLICABLE LAWS

ITEM No. 1: TO CONSIDER AND APPROVE THE ISSUE OF EQUITY SHARES BY WAY OF PREFERENTIAL ISSUE ON PRIVATE PLACEMENT BASIS TO A PERSON BELONGING TO THE PUBLIC CATEGORY

Please refer to Item No. 1 of this explanatory statement for the background and ra�onale for the Proposed Transac�on.

In accordance with the applicable provisions of the Companies Act, 2013 read with rules made thereunder along with SEBI (Issue of Capital and Disclosure Requirements) Regula�ons, 2018 (“ SEBI ICDR Regula�ons ”), as amended from �me to �me, and the Securi�es and Exchange Board of India (Lis�ng Obliga�ons and Disclosure Requirements) Regula�ons, 2015 as amended from �me to �me (“ SEBI Lis�ng Regula�ons ”), the approval of Members of the Company by way of a special resolu�on is required to issue equity shares of the Company on a preferen�al basis.

Approval of the Members of the Company by way of special resolu�on is being sought in accordance with Sec�ons 23, 42 and 62(1)(c) of the Act as well as provisions of Chapter V of the SEBI ICDR Regula�ons to create, offer, issue and allot Subscrip�on Shares as per details men�oned in the resolu�on at Item no.1 of this No�ce.

The issue of the Subscrip�on Shares to Proposed Allo�ees on preferen�al basis shall be subject to the following terms and condi�ons, apart from others, as prescribed under the applicable laws:

The Equity Shares will be listed and traded on the Stock Exchange, where the Equity Shares of the Company is listed, subject to the receipt of necessary regulatory permissions and approvals, as the case may be.
The consideration for allotment of Equity Shares shall be paid to the Company from the Bank account of the Proposed Allottee.
The price determined above shall be subject to appropriate adjustments as permitted under the rules, regulations and laws, as applicable from time to time .
The Equity Shares to be issued and allotted shall be fully paid up and rank pari-passu with the existing Equity Shares of the Company in all respects (including with respect to dividend and voting powers) from the date of allotment thereof, be subject to the requirements of all applicable laws and shall be subject to the provisions of the Memorandum of Association and Articles of Association of the Company.
The Equity Shares shall be allotted by the Company to the Proposed Allottee in dematerialized form within a period of 15 (Fifteen) days from the date of receipt of members approval, provided that, where the issue and

allotment of the said Equity Shares is pending on account of pendency of approval of any Regulatory Authority (including, but not limited to BSE Limited and/or SEBI) or the Government of India, the issue and allotment shall be completed within a period of 15 (Fifteen) days from the date of receipt of last of such approvals.

The entire pre-preferential equity shareholding of the Proposed Allottees, if any, shall be subject to lock-in as per Regulation 167(6) of the SEBI ICDR Regulations
The Equity Shares to be offered/issued and allotted shall be subject to lock in for such period as provided under the provisions of Chapter V of SEBI ICDR Regulations.
The Equity Shares to be allotted shall be in dematerialized form only.
The Equity Shares to be allotted to the Proposed Allottees shall be listed on the stock Exchange where the existing Equity Shares of the Company are listed, subject to the receipt of necessary regulatory permissions and approvals as the case may be.
10.In accordance with the provision of Regulation 161 of the SEBI ICDR Regulations, the “Relevant Date” for the purpose of determination of the floor price of the Subscription Shares to be issued and allotted is Monday, July 21, 2025.
11.An amount equivalent to 100% of the total consideration for the Equity Shares will be payable at the time of subscription to the Equity Shares, as prescribed under Regulation 169 of the SEBI (ICDR) Regulations.
12.The allotment of the Subscription Shares is subject to Proposed Allottees not having sold any Equity Shares of the Company during 90 (ninety) trading days preceding the Relevant Date i.e., Monday, July 21, 2025.

THE DISCLOSURES IN ACCORDANCE WITH THE ACT AND CHAPTER V OF THE SEBI ICDR REGULATIONS AND OTHER APPLICABLE PROVISIONS OF LAW, ARE SET FORTH BELOW:

a)

The Board of Directors of the Company (“Board”) at its mee�ng held on Thursday, July 24, 2025, subject to the approval of the Members by way of passing a Special Resolu�on and subject to other necessary approval(s), as may be required, approved to create, offer, issue and allot, by way of preferen�al issue on a private placement basis, in one or more tranches, in compliance with the provisions of Sec�ons 23(1)(b), 42 and 62(1)(c) of the Companies Act, 2013 (“the Act”) and Rules made there under and the Securi�es and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regula�ons, 2018, as amended, (“SEBI ICDR Regula�ons”), of the securi�es to the proposed allo�ees ("Proposed Allo�ees”) upto 28,28,891 (Twenty-Eight Lakh Twenty-Eight Thousand Eight Hundred Ninety One) equity shares (“Equity Shares”) of the face value of ₹ 10/- each, at an issue price of ₹ 45/- (Rupees Forty five Only) [including a premium of ₹ 35/- (Rupees Thirty five only] per Equity Share, for cash, aggrega�ng to ₹ 12,73,00,095/- (Rupees Twelve Crore Seventy Three Lakhs Ninety five Only) to the persons

belonging to the Public category, as men�oned in Annexure A , on such terms and condi�ons as may be determined by the Board.

The relevant disclosures as required under Regula�on 163(1) of Chapter V of the SEBI ICDR Regula�ons are set out below:

b) Objects of the Preferential 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:

Up to 80% is allocated for working capital needs including raw materials, payables, and opera�ons.
Up to 20% is for repayment of exis�ng debt to reduce leverage.
Up to 30% may be used for general corporate purposes
Up to 30% is earmarked for capital investment in minor plant upgrades and infrastructure.

c) Relevant date with reference to which price has been arrived at

In terms of the provisions of Chapter V of the SEBI ICDR Regula�ons, the Relevant Date for determining the floor price for the preferen�al issue is Monday, July 21, 2025 , being the date 30 (thirty) days prior to the date of passing of this resolu�on, which is Wednesday, August 20, 2025.

d) Monitoring of U�liza�on of Funds

As the issue size is less than ₹100 Crore (Rupees One Hundred Crore), in accordance with Regula�on 162A of the SEBI ICDR Regula�ons, the Company is not required to appoint a Credit Ra�ng Agency, as the Monitoring Agency to oversee the use of proceeds from the Preferen�al Issue.

e) Kinds of securi�es offered and the price at which security is being offered, and the total/ maximum number of securi�es to be issued.

These Special Resolu�ons authorize the Board to issue and allot, by way of preferen�al issue on a private placement basis, in one or more tranches, in compliance with SEBI ICDR Regula�ons, upto 28,28,891 (Twenty-Eight Lakh Twenty-Eight Thousand Eight Hundred Ninety One) equity shares (“Equity Shares”) of the face value of ₹ 10/- each, at an issue price of ₹ 45/- (Rupees Forty five Only) (including a premium of ₹ 35/- (Rupees Thirty five only) per Equity Share, for cash, aggrega�ng to ₹ 12,73,00,095/- (Rupees Twelve Crore Seventy Three Lakhs Ninety five Only)

f) Principal terms of assets charged as securi�es

No assets of the Company are charged as securi�es for the said preferen�al issue.

The equity shares of the Company are not frequently traded, the price determined by the Company shall take into account the valua�on parameters including book value, comparable trading mul�ples, and such other parameters as are customary for valua�on of shares.

The issue price has been determined based on a considera�on of the valua�on report dated July 24, 2025 issued by CS Abhishek Chhajed, an independent registered valuer (with Registration No. IBBI/RVI/03/2020/13674) and pricing cer�ficate dated July 24, 2025, issued by Mr. Devesh Pathak, Practising Company Secretary (Membership No.: FCS - 4559), cer�fying compliance with the floor price for the Preferen�al Issue, based on the pricing formula prescribed under Regula�on 164 of Chapter V of ICDR Regula�ons.

The equity shares of the Company are listed on the Stock Exchange. The equity shares are infrequently traded on BSE Limited (“BSE”) in terms of the SEBI ICDR Regula�ons.

securi�es in preferen�al issues has to be calculated as:

a) the 90 trading days volume weighted average price (VWAP) of the related equity shares quoted on the recognized stock exchange preceding the relevant date; or

b) the 10 trading days volume weighted average price (VWAP) of the related equity shares quoted on a recognized stock exchange preceding the relevant date;

whichever is higher.

Provided that if the Ar�cles of Associa�on of the issuer provide for a method of determina�on, which results in a floor price higher than that determined under these regula�ons, then the same shall be considered as the floor price for specified securi�es to be allo�ed pursuant to the preferen�al issue. It is to be noted that nothing men�oned in the Ar�cles of Associa�on of the Company provides for a method of determina�on of floor price for Equity Shares to be allo�ed under the preferen�al issue.

ins�tu�onal buyers, not exceeding five in number, shall be made at a price not less than the 10 trading days volume weighted average prices of the related equity shares quoted on recognized Stock Exchange preceding the relevant date.

Further, as per regula�on 166A of the SEBI ICDR Regula�ons, any preferen�al issue, which may result in a change in control or allotment of more than five per cent of the post issue fully diluted share capital of the issuer, to an allo�ee or to allo�ee(s) ac�ng in concert, shall require a valua�on report from an independent registered valuer and consider the same for determining the price. – Not Applicable

regula�on (1), (2) or (4) of regula�on 164, as the case may be, or the price determined under the valua�on report from the independent registered valuer, or the price determined in accordance with the provisions of the Ar�cles of Associa�on of the issuer, if applicable.

Price determined as per provisions of Regula�on 165 of the SEBI ICDR Regula�ons (in case of not frequently traded shares) is Rs. 21.10

Price determined as per provisions of Regula�on 164(1) of the SEBI ICDR Regula�ons (in case of frequently traded shares).

Price determined as per 90 trading days VWAP on BSE – ₹ 34.35/-

Price determined as per 10- trading days VWAP on BSE – ₹ 43.10/-

Accordingly, the Equity Shares shall be issued at a price of ₹45/- (Rupees Forty-five only) per share, including a premium of ₹35/- (Rupees Thirty-five only), which is higher than the price determined based on the valua�on report of a registered valuer in accordance with SEBI ICDR Regula�ons, 2018.

valua�on report of the registered valuer: Not Applicable

Valua�on for considera�on other than cash: Not Applicable

h) Name and Address of the Valuer who performed valua�on:

The Company has received Valua�on Report dated July 24, 2025 from CS ABHISHEK CHHAJED, an independent registered valuer (with Registra�on No. IBBI/RVI/03/2020/13674) and having his office at Sun Westbank, B1115, Ashram Rd, opp. City Gold Cinema, Usmanpura, Ahmedabad, Gujarat 380022.

please note that the copy of the valua�on report dated July 24, 2025 issued by CS Abhishek Chhajed, an independent registered valuer (with Registra�on No. IBBI/RVI/03/2020/13674) is available on our website of the Company i.e. www.axelpolymers.com

i) Amount which the Company intends to raise by way of such securi�es/size of the issue :

The Equity Shares are proposed to be issued for cash at a price of ₹ 45/- (Rupees Forty-five only) (including a premium of ₹ 35/- (Rupees Thirty-five only) per equity share aggrega�ng upto ₹12,73,00,095/- (Rupees Twelve Crore Seventy-Three Lakhs Ninety-Five Only).

j) Pending preferen�al issue

Presently, there has been no preferen�al issue pending or in process except as proposed in this No�ce.

k)

As the equity shares of the Company have been listed for a period of more than 90 (ninety) trading days as on the Relevant Date, the provision of Regula�on 164(3) of SEBI ICDR Regula�ons governing recomputa�on of the price of Subscrip�on Shares shall not be applicable. However, the Company shall re-

compute the price of the Subscrip�on Shares to be allo�ed under the preferen�al allotment in terms of the provisions of SEBI ICDR Regula�ons if it is required to do so. If the amount payable on account of the re-computa�on of price is not paid within the �me s�pulated in SEBI ICDR Regula�ons, the Subscrip�on Shares to be allo�ed under the Preferen�al Issue shall con�nue to be locked-in �ll the �me such amount is paid.

l) Payment of Considera�on:

In terms of the provisions of Regula�on 169(1) of the SEBI ICDR Regula�ons, 100% considera�on of Equity Shares shall be paid by the Proposed Allo�ees at the �me of allotment of such Equity Shares.

Accordingly, the en�re considera�on for Equity Shares is required to be paid to the Company at the �me of allotment of Equity Shares to the Proposed Allo�ees.

The considera�on for the Equity Shares shall be payable in cash and has to be paid by the Proposed Allo�ees from their respec�ve bank accounts and in case of joint holders, shall be received from the bank account of the person whose name appears first in the applica�on.

m) Dues toward SEBI, Stock Exchange or Depositories :

There are no outstanding dues of the Company payable towards SEBI, Stock Exchange or Depositories as on the date of this No�ce.

n) The class or classes of persons to whom the allotment is proposed to be made

The preferen�al issue of Equity Shares is proposed to be made to the Proposed Allo�ees belonging to the Public Category which is given in detail in Annexure B.

o) Intent of the Promoters, Directors or Key Managerial Personnel or Senior Management of the Company to subscribe to the preferen�al issue

None of the Promoters, Directors or Key Managerial Personnel or Senior Management or their rela�ves intends to subscribe to any Equity Shares under the preferen�al issue.

p) furtherance of objects.

NIL.

q) Proposed �me frame within which the preferen�al issue shall be completed

In terms of Regula�on 170(1) of the SEBI ICDR Regula�ons, preferen�al allotment of Equity Shares to Proposed Allo�ees pursuant to the special resolu�on will be completed within a period of 15 (fi�een) days from the date of passing of special resolu�on.

Provided that where the allotment is pending on account of pendency of any applica�on for approval or permission by any regulatory authority, if applicable, the allotment would be completed within 15 (fi�een) days from the date of such approval or within such further period as may be prescribed or allowed by SEBI, Stock Exchange or other concerned authori�es.

r) Lis�ng

The Company will make an applica�on to the Stock Exchange, for lis�ng of the aforemen�oned Equity Shares. The above shares, once allo�ed, shall rank pari passu with the then-exis�ng equity shares of the Company in all respects.

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 [521 x 443] intentionally omitted <==

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

Category Pre-Issue Shareholding Equity Shares Post-Issue Shareholding Structure
Structure to be allo�ed
No. of % of No. of Shares % of
Shares Shareholding Shareholding
a)Individuals/ 52,08,885 61.16 0 52,08,885 45.91
Hindu undivided Family
Sub Total A1 52,08,885 61.16 0 52,08,885 45.91
B1)Ins�tu�ons 19,800 0.23 0 19,800 0.17
(Domes�c)
B2) Ins�tu�ons 0 0.00 0 0 0.00
(Foreign)
B3)Central Government/ 0 0.00 0 0 0.00
State
Government(s)/
President of India
B4) Non-Ins�tu�ons 32,87,995 38.60 28,28,891 61,16,886 53.91
Resident Individuals 28,79,754 33.81 28,28,891 56,30,868 49.63
Non Resident 1,35,287 1.59 0 1,35,287 1.19
Indians (NRIs)
Bodies Corporate 1,98,485 2.33 0 1,98,485 1.75
Any Other 74,469 0.88 0 1,52,246 1.34
(specify)
----- End of picture text -----

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

t) Par�culars of the Proposed Allo�ee and the iden�ty of the natural persons who are the ul�mate beneficial owners of the equity shares proposed to be allo�ed and/or who ul�mately control the Proposed Allo�ee, the percentage of post preferen�al issue capital that may be held by them and change in control, if any, in the Issuer consequent to the preferen�al issue:

owners of the equity shares proposed to be allo�ed and/or who ul�mately control the Proposed Allo�ee, the percentage of post preferen�al issue capital that may be held by them and change in control, if any, in the Issuer consequent to the preferen�al issue is enclosed herewith as Annexure A .

There is no change in control pursuant to the allotment of the Equity Shares.

u) Lock-in Period

The Equity Shares proposed to be allo�ed on a preferen�al basis shall be locked in accordance with Chapter V of the SEBI ICDR Regula�ons.

i. The en�re pre-preferen�al shareholding of the Proposed Allo�ees shall be subject to lock-in from the Relevant Date up to a period of 90 trading days from the date of trading approval, as per the requirement of the SEBI ICDR Regula�ons.
ii. The Equity Shares proposed to be issued to Proposed Allo�ees of the Company, shall be subject to lock-in for a period of 6 months from the date of trading approval granted for such Equity Shares, as per the requirement of SEBI ICDR Regula�ons.
iii. The proposed allotment of Equity Shares to the proposed allo�ees as per Annexure - I, which forms part of Public Category of the Company, shall be subject to lock-in for a period of 6 months from the date grant of trading approval by the Stock Exchange, as per the requirement of SEBI ICDR Regula�ons.
v) The current and proposed status of the Proposed Allo�ees post the preferen�al issues namely, promoter or non-promoter

List of the current and proposed status of the Proposed Allo�ees post the preferen�al issues namely, Public is enclosed herewith as Annexure B .

w)

Mr. Devesh Pathak, Prac�sing Company Secretary (Membership No.: FCS- 4559) Prac�cing Company Secretary, cer�fying that the preferen�al issue is being made in accordance with the requirements of Chapter V of the SEBI ICDR Regula�ons shall be made available for inspec�on by the Members during the mee�ng and will also be made available on the Company’s website at www.axelpolymers.com.

x) Not applicable as the Company has not proposed to issue the Equity Shares for considera�on other than cash.
y) Number of persons to whom allotment on a preferen�al basis has already been made during the year,

in terms of the number of securi�es as well as price

During the year, no preferen�al allotment has been made to any person as of the date of this No�ce.

z) Principle terms of assets charged as securi�es

Not applicable

aa) Material terms of raising such securi�es

All material terms have been set out above.

bb) Undertakings

I. during the 90 trading days preceding the Relevant Date as per Regula�on 159(1) of SEBI (ICDR) Regula�ons.
II. The Company is in compliance with the condi�ons for con�nuous lis�ng and is eligible to make the preferen�al issue under Chapter V of the SEBI ICDR Regula�ons.
III. None of the Directors or Promoters and the Company are categorized as wilful defaulter(s) or fraudulent borrower(s) by any bank or financial ins�tu�on or consor�um thereof, in accordance with the guidelines on wilful defaulters issued by the Reserve Bank of India. Consequently, the disclosures required under Regula�on 163(1)(i) if the SEBI ICDR Regula�ons are not applicable.
IV. the SEBI ICDR Regula�ons.
V. The Company shall re-compute the price of the relevant securi�es to be allo�ed under the preferen�al issue in terms of the provisions of SEBI ICDR Regula�ons where it is required to do so.
VI. If the amount payable on account of the re-computa�on of price is not paid within the �me s�pulated in SEBI ICDR Regula�ons, the relevant securi�es to be allo�ed under the preferen�al issue shall con�nue to be locked-in �ll the �me such amount is paid by the Proposed Allo�ee.
VII. The Company has obtained the Permanent Account Number (PAN) of Propose Allo�ees, before an applica�on seeking in-principle approval is made by the Company to the Stock Exchange where its equity shares are listed.
VIII. The Company shall be making applica�on seeking in-principle approval to the Stock Exchange, where its equity shares are listed, on the same day when this No�ce will be sent in respect of the general mee�ng seeking shareholders' approval by way of special resolu�on.

In accordance with the provisions of Sec�ons 23, 42 and 62 of the Act read with applicable rules thereto and relevant provisions of the SEBI ICDR Regula�ons, approval of the Members for issue and allotment of the said Equity Shares to Proposed Allo�ees are being sought by way of a Special Resolu�on as set out in the said Item No. 1 of the No�ce.

The issue of the Equity Shares under the preferen�al issue would be within the Authorized Share Capital of the Company.

The Board of Directors believes that the proposed preferen�al issue is in the best interest of the Company and its Members and, therefore, recommends the resolu�on at Item No. 1 of the accompanying No�ce for approval by the Members of the Company as a Special Resolu�on.

concerned or interested in the passing of this Special Resolu�on as set out in Item No. 1 of this No�ce.

By order of the Board of Directors

Place: Vadodara By order of the Board of Directors Date: July 24, 2025. For AXEL POLYMERS LIMITED

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

Sd/ASHISH CHAUDHARY Company Secretary Membership No. ACS 72705

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

==> picture [488 x 545] intentionally omitted <==

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

Sr Name Type of Natural Pre-Preferential No. of Post-Preferential
no. Proposed Persons Holding equity Holding
Allottees who share to
are the be
Ultimate allotted
Beneficial
Owners
(UBOs)
No. of % of No. of No. of % of
Shares Holding Shares Shares Holdi
ng
1. Megh Individual Not 0 0.00 66,667 66,667 0.59
Devendra Applicable
Thakkar
2. Kashmira Individual Not 0 0.00 66,667 66,667 0.59
Devendra Applicable
Thakkar
3. Manoj Individual Not 0 0.00 55,556 55,556 0.49
Sheth Applicable
4. Jagruti Individual Not 0 0.00 55,556 55,556 0.49
Sheth Applicable
5. Dev Sheth Individual Not 0 0.00 55,556 55,556 0.49
Applicable
6. Rohan Individual Not 0 0.00 55,556 55,556 0.49
Sheth 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
----- End of picture text -----

==> picture [488 x 606] intentionally omitted <==

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

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 Individual Not 0 0.00 11,111 11,111 0.10
Gandhi Applicable
16. Mohak Individual Not 0 0.00 55,556 55,556 0.49
Mehta Applicable
17. Premal Individual Not 0 0.00 22,222 22,222 0.20
Nitin Shroff Applicable
18. Rachna Individual Not 0 0.00 22,222 22,222 0.20
Pemal Applicable
Shroff
19. Nitin Individual Not 0 0.00 22,222 22,222 0.20
Bahgwanda Applicable
s Shroff
20. Nita Nitin Individual Not 0 0.00 22,222 22,222 0.20
Shroff Applicable
21. Shaivi Individual Not 0 0.00 22,222 22,222 0.20
Premal Applicable
Shroff
22. Srinivas Individual Not 0 0.00 55,556 55,556 0.49
Reddy Applicable
23. Runal Individual Not 0 0.00 55,556 55,556 0.49
Priyam Shah Applicable
24. Parul Individual Not 0 0.00 55,556 55,556 0.49
Sanghvi Applicable
25. Tejal Sheth Individual Not 0 0.00 33,333 33,333 0.29
Applicable
26. Nirmala Individual Not 500 0.01 22,222 22,722 0.20
Vora Applicable
27. Nishi Parikh Individual Not 597 0.01 22,222 22,819 0.20
Applicable
28. Kamal HUF Not 0 0.00 33,333 33,333 0.29
Parekh HUF Applicable
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 Not 0 0.00 44,444 44,444 0.39
HUF Applicable
----- End of picture text -----

==> picture [488 x 606] intentionally omitted <==

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

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 Individual Not 0 0.00 27,778 27,778 0.24
Salian 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 Individual Not 0 0.00 27,778 27,778 0.24
Paresh 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 Individual Not 0 0.00 44,444 44,444 0.39
Kathiriya Applicable
42. Bhavesh Individual Not 0 0.00 44,444 44,444 0.39
Kathiriya Applicable
43. Anand Individual Not 8,000 0.09 22,222 30,222 0.27
Dubey 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
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 Individual Not 0 0.00 40,000 40,000 0.35
Parmar Applicable
51. Atul Shah Individual Not 0 0.00 22,222 22,222 0.20
Applicable
----- End of picture text -----

52.	Priti Shah	Individual	Not Applicable	0	0.00	66,667	66,667	0.59
53.	Keyur Shah	Individual	Not Applicable	1,010	0.01	66,667	67,677	0.60
54.	Urmi Shah	Individual	Not Applicable	0	0.00	66,667	66,667	0.59
55.	Hetal Viral Dedhia	Individual	Not Applicable	10,927	0.13	48,000	58,927	0.52
56.	Viral Vasant Dedhia	Individual	Not Applicable	27,324	0.32	32,000	59,324	0.52
57.	Dharmistha Nikhil Thakkar	Individual	Not Applicable	0	0.00	55,556	55,556	0.49

ANNEXURE B:

LIST OF THE CURRENT AND PROPOSED STATUS OF THE PROPOSED ALLOTTEES POST THE PREFERENTIAL ISSUES NAMELY, PROMOTER OR PUBLIC

==> picture [429 x 541] intentionally omitted <==

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

Sr no. Name Current Status Post Status
1. Megh Devendra Thakkar Public Public
2. Kashmira Devendra Thakkar Public Public
3. Manoj Sheth Public Public
4. Jagruti Sheth Public Public
5. Dev Sheth Public Public
6. Rohan Sheth Public Public
7. Jigar Mistry Public Public
8. Mafatlal Dani Public Public
9. Rahul Dani Public Public
10. Arun Dani Public Public
11. Parth Kamdar Public Public
12. Bhavana Kansara Public Public
13. Kalpesh Gandhi Public Public
14. Ami Gandhi Public Public
15. Meet Gandhi Public Public
16. Mohak Mehta Public Public
17. Premal Nitin Shroff Public Public
18. Rachna Pemal Shroff Public Public
19. Nitin Bahgwandas Shroff Public Public
20. Nita Nitin Shroff Public Public
21. Shaivi Premal Shroff Public Public
22. Srinivas Reddy Public Public
23. Runal Priyam Shah Public Public
24. Parul Sanghvi Public Public
25. Tejal Sheth Public Public
26. Nirmala Vora Public Public
27. Nishi Parikh Public Public
28. Kamal Parekh HUF Public Public
29. Hariom Acharya Public Public
30. Mayur Thaker Public Public
31. Vishal Raval HUF Public Public
32. Rushabh Modi Public Public
33. Nikhil Shah Public Public
34. Suresh Salian Public Public
35. Swati Shah Public Public
----- End of picture text -----

==> picture [429 x 331] intentionally omitted <==

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

36. Mahendra Patel Public Public
37. Sonal Paresh Patel Public Public
38. Paresh Patel Public Public
39. Sonal Bhavesh Kathiriya Public Public
40. Savitaben Kathiriya Public Public
41. Jeel Kathiriya Public Public
42. Bhavesh Kathiriya Public Public
43. Anand Dubey Public Public
44. Kaushik S Parekh Public Public
45. Pruthul Marfatia Public Public
46. Rashmi Marfatia Public Public
47. Tejas Marfatia Public Public
48. Snigdha Marfatia Public Public
49. Yogesh Parmar Public Public
50. Uma Parmar Public Public
51. Atul Shah Public Public
52. Priti Shah Public Public
53. Keyur Shah Public Public
54. Urmi Shah Public Public
55. Hetal Viral Dedhia Public Public
56. Viral Vasant Dedhia Public Public
57. Dharmistha Nikhil Thakkar Public Public
----- End of picture text -----

AI assistant

Axel Polymers Ltd. — Proxy Solicitation & Information Statement 2025

60547_rns_2025-07-28_10c5b53a-6dfb-4020-a62a-ee657cd3f5d7.pdf

Subject: Notice of the Extra-ordinary General Meeting

Thanking you,

For Axel Polymers Limited

CIN: L25200GJ1992PLC017678

NOTICE OF THE EXTRA-ORDINARY GENERAL MEETING (EGM) OF AXEL POLYMERS LIMITED

NOTICE

ITEM NO. 1

TO CONSIDER AND APPROVE THE ISSUE OF EQUITY SHARES BY WAY OF PREFERENTIAL ISSUE ON PRIVATE PLACEMENT BASIS TO A PERSON BELONGING TO THE PUBLIC CATEGORY

Sd/-

NOTES:

8. Process and manner for shareholders opting for voting through electronic means:

9. Instructions for Shareholders to Vote during the General Meeting through

THE INSTRUCTIONS FOR MEMBERS FOR REMOTE E-VOTING AND JOINING GENERAL MEETING ARE AS UNDER:-

- How do I vote electronically using NSDL e Voting system?

- Step 1: Access to NSDL e Voting system

- A) Login method for e Voting and joining virtual meeting for Individual shareholders holding securities in demat mode

Helpdesk for Individual Shareholders holding securities in demat mode for any technical issues related to login through Depository i.e. NSDL and CDSL.

B) Login Method for e-Voting and joining virtual meeting for shareholders other than Individual shareholders holding securities in demat mode and shareholders holding securities in physical mode.

How to Log-in to NSDL e-Voting website?

c) How to retrieve your ‘initial password’?

General Guidelines for shareholders

THE INSTRUCTIONS FOR MEMBERS FOR e-VOTING ON THE DAY OF THE EGM ARE AS UNDER:-

INSTRUCTIONS FOR MEMBERS FOR ATTENDING THE EGM THROUGH VC/OAVM ARE AS UNDER:

Contact Details:

EXPLANATORY STATEMENT PURSUANT TO SECTION 102 OF THE ACT AND OTHER APPLICABLE LAWS

ITEM No. 1: TO CONSIDER AND APPROVE THE ISSUE OF EQUITY SHARES BY WAY OF PREFERENTIAL ISSUE ON PRIVATE PLACEMENT BASIS TO A PERSON BELONGING TO THE PUBLIC CATEGORY

THE DISCLOSURES IN ACCORDANCE WITH THE ACT AND CHAPTER V OF THE SEBI ICDR REGULATIONS AND OTHER APPLICABLE PROVISIONS OF LAW, ARE SET FORTH BELOW:

a)

b) Objects of the Preferential Issue

c) Relevant date with reference to which price has been arrived at

d) Monitoring of U�liza�on of Funds

Valua�on for considera�on other than cash: Not Applicable

h) Name and Address of the Valuer who performed valua�on:

i) Amount which the Company intends to raise by way of such securi�es/size of the issue :

j) Pending preferen�al issue

k)

l) Payment of Considera�on:

m) Dues toward SEBI, Stock Exchange or Depositories :

q) Proposed �me frame within which the preferen�al issue shall be completed

r) Lis�ng

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

u) Lock-in Period

w)

in terms of the number of securi�es as well as price

aa) Material terms of raising such securi�es

bb) Undertakings

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

ANNEXURE B:

LIST OF THE CURRENT AND PROPOSED STATUS OF THE PROPOSED ALLOTTEES POST THE PREFERENTIAL ISSUES NAMELY, PROMOTER OR PUBLIC

More from Axel Polymers Ltd.

Axel Polymers Ltd. Proxy Solicitation & Information Statement 2025