Outcome of Board Meeting

Date: 1st September, 2026 To, To, The Manager (Listing Department) T h e M a n a g e r ( L i s t i n g D e p a r t m e n t ) BSE Limited, National Stock Exchange of India Limited, 1st Floor, New Trading Ring, P.J. Tower, Dalal Exchange Plaza, 5th Floor, Plot No. C/1, G- Street, Fort, Mumbai – 400 001. Block, Bandra Kurla Complex, Bandra (East), Mumbai – 400 051, Maharashtra (BSE Scrip Code: 541303) (NSE Scrip Code: AKSHAR) Sub: Outcome of Board Meeting of AKSHAR SPINTEX LIMITED held on Tuesday, 1st September, 2026 at 1:10 P.M. Dear Sir/Madam, With reference to the above captioned subject and in Compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby submit the outcome of the meeting of the Board of Directors of the Company held on Tuesday, 1st September, 2026 at the Registered Office of the Company situated at Revenue Survey No.102/2 Paiki, Plot No. - 2 Village: Haripar, Ranuja Road. Tal: Kalavad. Jamnagar–361013 (Guj) and the following matters, apart from other general transactions, have been considered, approved and taken on record by the Board of Directors: 1. Recommendation For Appointment of Statutory Auditor The Board of Directors considered and approved the proposal for appointment of M/s. H. Jamnadas & Company, Chartered Accountants (Firm Registration No. 104033W) as the Statutory Auditors of the Company, in place of the retiring Statutory Auditors, M/s. H. B. Kalaria & Associates, Chartered Accountants, Rajkot, for a term of five consecutive years, commencing from the conclusion of the ensuing Annual General Meeting and continuing until the conclusion of the Annual General Meeting to be held in the year 2031, subject to approval of the Members. 2. Recommendation For payment of Remuneration to Cost Auditor for the Financial Year 2026-2027 The Board of Directors considered and approved the proposal for payment of remuneration of ₹36,000/- (Rupees Thirty-Six Thousand only), plus applicable taxes and reimbursement of out-of- pocket expenses at actuals, to M/s. Mitesh Suvagiya & Co., Cost Accountants, who have been appointed as the Cost Auditor of the Company for conducting the audit of the Cost Records of the Company for the Financial Year ending 31st March, 2027. The Board further recommended the said remuneration for ratification and approval by the Members at the ensuing Annual General Meeting in accordance with Section 148 of the Companies Act, 2013. 3. Recommendation of remuneration payable to Mrs. Illaben Dineshbhai Paghdar The Board, based on the recommendation of the Nomination and Remuneration Committee, approved the proposal for payment of remuneration to Mrs. Illaben Dineshbhai Paghdar (DIN: 07591339) for a period of three years commencing from 1st October, 2026 to 30th September,2029, subject to approval of the Members by way of Special Resolution. The proposed remuneration shall be up to ₹15,00,000/- per annum, inclusive of all perquisites and benefits. 4. Recommendation for Re-seeking approval for remuneration of Mr. Harry D. Paghdar The Board recommended the proposal for seeking Members' approval for payment of remuneration to Mr. Harry D. Paghdar (DIN: 11096100), Executive Director, of up to ₹12,00,000/- per annum, including salary, perquisites and allowances, with effect from 1st October, 2026 to 30th September, 2029, subject to approval of the Members by way of Special Resolution 5. Recommendation for Re-appointment of Mr. Parshotam Lakhabhai Vasoya as Independent Director Based on the recommendation of the Nomination and Remuneration Committee, the Board recommended the re-appointment of Mr. Parshotam Lakhabhai Vasoya (DIN: 09229252) as an Independent Director for a second and final term of five consecutive years, commencing from 28th September, 2026 to 27th September, 2031, subject to approval of the Members. 6. Recommendation for Appointment of Mr. Sureshkumar Chaturbhai Gajera as Independent Director The Board, based on the recommendation of the Nomination and Remuneration Committee, recommended the appointment of Mr. Sureshkumar Chaturbhai Gajera (DIN: 11106779) as an Independent Director of the Company for a term of five consecutive years commencing from the date of the 13th AGM, subject to approval of the Members by way of Special Resolution. 7. Recommendation for Re-appointment of Mr. Harikrushna Shamjibhai Chauhan as Chairman-cum- Whole Time Director The Board considered and approved, subject to approval of the Members, the proposal for re- appointment of Mr. Harikrushna Shamjibhai Chauhan (DIN: 07710106) as Chairman-cum-Whole Time Director of the Company for a further period of three years from 8th January, 2027 to 7th January, 2030, with remuneration up to ₹30,00,000/- per annum, inclusive of applicable benefits, amenities and perquisites, subject to the applicable provisions of the Companies Act, 2013. 8. Confirm Various Dates: Annual General Meeting : Monday 28th September,2026 Cut -Off date for e - voting Monday, 21st September, 2026 Start date and time of E- Voting Wednesday, 23rd September, 2026 at 9:00 A.M. End date and time of E- Voting Sunday, 27th September, 2026 at 5:00 P.M. 9. Approval of E- Voting Arrangements The Board approved the arrangements for providing remote e-voting facility to the Members through National Securities Depository Limited (NSDL).The remote e-voting period shall commence on Wednesday, 23rd September, 2026 at 9:00 A.M. and end on Sunday, 27th September, 2026 at 5:00 P.M. and cut-off date is Monday, 21st September, 2026 10. Authorisation to NSDL for Dispatch of Notice of 13th Annual General Meeting and Conduct AGM The Board of Directors considered and approved the proposal to authorise National Securities Depository Limited (NSDL) to undertake the electronic dispatch of the Notice of the 13th Annual General Meeting along with the Annual Report for the Financial Year 2025-26 to the Members and Conduct AGM through two-way Video Conferencing ('VC') facility / Other Audio Visual Means ('OAVM') 11. Appointment of Scrutinizer The Board appointed CS Dipali Vora (FCS 21254), Practicing Company Secretary, as the Scrutinizer for scrutinizing the remote e-voting and e-voting process at the 13th Annual General Meeting scheduled to be held on Monday 28th September, 2026. 12. Taking note of the Secretarial Audit Report for the Financial Year 2025-26 The Board of Directors considered and took note of the Secretarial Audit Report issued by M/s. D N Vora & Associates, Practicing Company Secretaries, for the financial year ended 31st March, 2026, pursuant to the provisions of Section 204 of the Companies Act, 2013 and the applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board also took note of the observations/comments, if any, contained in the said Report and the explanations/clarifications provided by the Management in this regard. 13. Approval of Notice of the 13th Annual General Meeting The Board considered and approved the Notice convening the 13th Annual General Meeting of the Members of the Company, scheduled to be held on Monday, 28th September, 2026 at 01:30 P.M. IST through Video Conferencing (“VC”)/Other Audio-Visual Means (“OAVM”), together with the Explanatory Statement pursuant to Section 102 of the Companies Act, 2013 and authorized Mr. Harikrushna Chauhan Chairman or Mr. Harry Paghdar – Executive Director to sign the notice and do procedure to send notice to shareholder. 14. Approval of Directors’ Report The Board of Directors considered and approved the Directors’ Report of the Company for the financial year ended 31st March, 2026, together with the annexures thereto, for placing before the Members at the ensuing 13th Annual General Meeting of the Company. 15. From the desk of the chair 15.1 General authority is given to CS Dipali N Vora , Practicing Company Secretary, Mumbai for Professional Certification required in various E-Forms, sign and submit e- forms f [Showing first 8,000 characters — download PDF for full document]