Receipt of Hon''ble NCLT Order

AKSH AKSH OPTIFIBRE LIMITED A-32, 2nd Floor, Mohan Co-operative Industrial Estate, Mathura ATE: 29.06.2020 Road, New Delhi-110044, INDIA Tel.: +91-11-49991700, 49991777 Fax: +91-11-49991800 Email : aksh@akshoptifibre.com Website : www.akshoptifibre.com CIN NO.: L24305RJ1986PLC016132 June 22, 2026 Sr. General Manager Sr. General Manager National Stock Exchange of India Ltd BSE Ltd Exchange Plaza, 5th Floor, Plot No. C/1, Phirozee Jeejeebhoy Towers, G Block, Bandra Kurla Complex, Dalal Street, Mumbai- 400 001 Bandra (E), Mumbai- 400 051. NSE Symbol: AKSHOPTFBR BSE Scrip Code: 532351 Dear Sir/Ma’am, Subject: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Upload and Receipt of Order passed by Hon'ble NCLT, Jaipur Bench Pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and in continuation of the Company's earlier disclosures dated June 20, 2026 regarding commencement of the Corporate Insolvency Resolution Process ("CIRP") and the public announcement made under the Insolvency and Bankruptcy Code, 2016, we wish to inform that the order dated June 19, 2026 passed by the Hon'ble National Company Law Tribunal, Jaipur Bench, Jaipur in CP (IB) No. 45/7/JPR/2023 has been uploaded on the website of the Hon'ble NCLT and has since been received by the Company. The Hon'ble NCLT, vide its order dated June 19, 2026, has, inter alia, observed that pursuant to the judgment rendered by the Hon'ble Bench on June 09, 2026, the opinion rendered by the Hon'ble Technical Member on January 21, 2026 shall be treated as the majority opinion and accordingly shall constitute the final order in the matter. The Company had already intimated the Stock Exchanges regarding the commencement of CIRP, appointment of the Interim Resolution Professional and publication of the public announcement. The present disclosure is being made consequent to the upload of the aforesaid order on the website of the Hon'ble NCLT and its receipt by the Company. A copy of the orders dated June 19, 2026 and June 09, 2026, along with the order dated January 21, 2026 referred to therein, is enclosed herewith for the information and record of the stakeholders. This is for your information and records. For Aksh Optifibre Limited Mayank Chadha Company Secretary & Compliance Officer Membership No.: F13404 We smarten up your life..® Regd. Office: F-1080, RIICO Industrial Area Phase-lll, Bhiwadi – 301019 (Rajasthan) INDIA Phones: +91-1493-220763, 221333 | Fax: +91-1493-221329 NATIONAT COMPANY LAW TRIBUNAL JAIPUR BENCH CP (IB) No.45l7/JPRl2023 (An applicati filed under Section 7 of the Insolvency and Banlcruptcy Code, 2016) M/S. SHANT U INVESTMENTS PRIVATE LIMITED Ree. Office: 7/17 Roop N, , Delhi- 110007 .......Applicant/Financial Creditor Versus M/S AKSH O IRE LIMITED Res. Office: F-1080, Phase- I, RIICO Industrial Area, Bhiwadi, Raj ........Respondent/Corporate Debtor Order pronounced on: 09,06,2026 Coram: Sh. Praveen Member (Judicial) Appeurunces: Sh. Tanmay Adv. along with For the Financial Creditor Sagar Chawla, Sh. Sonal A Adv. along with : For the Corporate Debtor Surbhi Singh Pranay Rathore, Advs. ORDER Per: Praveen Gupta, Member (Judicial) The Company Petition has been filed under Section 7 of the Insolven and Bankruptcy Code, 2016 ('IBC/Code') seeking initiation of Corporate nsolvency Resolution Process ('CIRP') against the Corporate CP (IB) No.45/7/JPW2023 IN THE NAIIONAL COMPANY LA TRIBUNAL JAIPURBENCH Page I of45 Debtor, in of which reply and rejoinder have also been filed by the respective arties. Thereafter, vide separate orders passed on 21.01 .2026by the Hon'bl Judicial Member and Hon'ble Technical Member of the NCLT, Jaipur h, whereby dissenting judgments have been given and accordingl , the matter has been referred to me for adjudication under section 419 (s) of Companies Act, 2013 read with Rule 60 (2) & (3) of NCLT Rules,201 vide order dated 18,03.2026, File No. 06/1312026-NCLT (JPR). 2. I Accordin , have heard the matter on various dates through physical hearing as ell as virhral mode. I have also carefully perused the pleadings, documents placed on record, and submissions advanced with the able assistance by the Learned Counsels appearing on behalf of the respective BRIEF F In order to out the factual and legal premise, it would be worthwhile to notice the ts briefly hereunder: The company petition has been filed by M/s Shantanu In ts Private Limited (Petitioner/Financial Creditor) under Secti 7 of the IBC for initiating CIRP against M/s Aksh Optifibre Limi (Respondent/Corporate Debtor). As per the disclosures made in part of the petition, it has been mentioned that the principal amount of lt is Rs.2,00,00,0001-,lhe interest amount is Rs. 7,05,15,476/- CP (IB) No.45/7/JPR/2023 IN THE NAIIONAL COMPANY LA TRIBUNAL JAIPURBENCH S{.- Page 2 of 45 and t penal interest amounts to Rs. 27,98,599/-, thus the total outs ing amount is stated to be Rs. 3,33,14,0751-. lt. It is bmitted that in the year 2010-2011, the Corporate Debtor app the Financial Creditor for certain financial assistance in the form unsecured loan of Rs. 2,00,00,000/- and promised that it shall repay e said unsecured loan along with interest calculated @l|Yo per ann from the date of payment till the date of refund. Further, as submi the Corporate Debtor also assured that in case it was unable to the said amount, interest would be calculated @2a%per annum on the utstanding interest amount from the date of payment till the date lll. It is submitted that the amount of unsecured loan of Rs. 2,00, ,000/- was reflected as long-term loan and advance under the head her Loans and Advances" attached with the balance sheet ofthe Appli and as short-term borrowings under the head "Inter Corporate t from Others" as on 31.03.2021 in the balance sheet of the Co Debtor. tY. It has so been mentioned that a recall notice was sent on 12.08.2019 the outstanding principal amount of Rs. 2,00,00,000/- along with of Rs. 13,38,899/- upto 31.07.2019, calling upon the te Debtor to pay the amount along with interest within 15 days. F , a demand notice was also sent on 22.01.2022 wherein the amo : of Rs. 2,00,00,000/- has been claimed as the outstanding prmc 1 amount. Certain documents have been attached as mentioned inp of the petition, including ledger accounts, confirmation letters, TDS uction by Aksh Optifibre, recall of unsecured loan, financial ts of the Respondent/Corporate Debtor for various financial years, the record of default attached by the Financial Creditor issued CP (IB) No.45/7/JPR/2023 IN THE NATIONAL COMPANY LA TRIBUNAL JAIPUR BENCH S4- Page 3 of45 bvN wherein the stafus has been shown as "Deemed to be Au ated" and the date of default, as per NeSL, is stated to be 01.09 t9. RATE DEBTOR: A reply h been filed by the Respondent/Corporate Debtor, inter alia, taking several a as follows: Itiss that the present petition is nothing but an abuse of the process of law that there is no debt or financial debt as defined under Section 2(rr) r Section 5(8) of the IBC which is due and payable by the Debtor to the Petitioner/Financial Creditor. lt. It is averred that the legal notice dated 22.0L.2022 issued by the Appli has been duly replied to on 09.02.2022 and it has been clarifi by the Corporate Debtor that the Applicant was rather liable to pay amount of Rs. 46.79 lakhs as on 31.08.2019 to the Corporate Deb It has also been stated that even interest was liable to be paid by the Fi ial Creditor to the Corporate Debtor. lll. It thus been contended that the amount which is claimed by the Fi al Creditor as debt is a disputed amount and that the present petiti is barred by limitation in view of the fact that the loan in questi was obtained during the period between 2010-2012, whereas the rate Debtor had duly notified its dispute vide e-mail dated 24.07. 12 itself, and therefore the presentpetition, which has been filed [Showing first 8,000 characters — download PDF for full document]