Notice of Postal Ballot

Ref: AKSHAR/SE/2026-27/2610/36 October 28, 2026 To To BSE Limited National Stock Exchange of India Ltd. Mumbai Mumbai BSE Security Code: 524598 NSE Trading Symbol: AKSHARCHEM SUB: SUBMISSION OF POSTAL BALLOT NOTICE Dear Sir/ Madam, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to furnish herewith the Postal Ballot notice dated October 19, 2026 together with the explanatory statement. In compliance with the requisite circular issued by the Ministry of Corporate Affairs, the Postal Ballot notice is being sent only through electronic mode to the members who have registered their e-mail addresses with the Company/ RTA/ Depository Participants and also available on the websites of the Company at www.aksharchemindia.com and on National Securities Depository Limited (NSDL) at www.evoting.nsdl.com. Accordingly, the communication of the assent or dissent of the members would take place through the remote e-voting system only. The Company has engaged the services of NSDL for facilitating remote e-voting to enable the shareholders to cast their votes electronically instead of physical mode. Members of the Company holding shares, as on the cut-off date, i.e. October 23, 2026, shall cast their vote through the remote e-voting system. The remote e-voting period will commence from October 29, 2026 (09:00 am onwards) and shall ends on November 27, 2026 (till 05:00 pm). Thereafter, the remote e-voting module shall be disabled by NSDL for voting thereafter. We request you to take above information on your records. Thanking you, Yours faithfully, For, AKSHARCHEM (INDIA) LIMITED Mehul Naliyadhara Company Secretary & Compliance Officer Encl.: A/a. AKSHARCHEM (INDIA) LIMITED (CIN: L24110GJ1989PLC012441) Regd. Office: ‘Akshar House’, Chhatral-Kadi Road, Indrad-382715, Mahesana, Gujarat, India Phone: +91 2764 233007-10 E Mail: cs@aksharchemindia.com Website: www.aksharchemindia.com POSTAL BALLOT NOTICE (No.02/PB/2026-27) Dear Members, Notice is hereby given pursuant to the provisions of Section 108, 110 and other applicable provisions, if any, of the Companies Act, 2013 (‘Companies Act’) read with Rules 20 and 22 of the Companies (Management and Administration) Rules, 2014 (‘Rules’), read along with the General Circular dated April 8, 2020, April 13, 2020, May 5, 2020, June 15, 2020, September 28, 2020, December 31, 2020, June 23, 2021, December 8, 2021, May 5, 2022, December 28, 2022, September 25, 2023, September 19, 2024 and September 22, 2025 issued by Ministry of Corporate Affairs (‘MCA Circulars’) and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’), Secretarial Standard on general Meetings (‘SS-2’) issued by the Institute of Company Secretaries of India, as amended (including any statutory modification(s) or re-enactment(s) thereof, for the time being in force) and other applicable law, rules and regulations, if any, that the consent of the shareholders (‘Members’) of Aksharchem (India) Limited (‘Company’) is sought for the resolutions appended herein below which are proposed to be passed through postal ballot only by way remote electronic voting (‘e-voting’ or ‘remote e-voting’) (‘Notice’). The proposed Resolution together with the explanatory statement pursuant to Section 102, 110 and other applicable provisions, if any of the Companies Act, setting out the material facts and the reasons thereof is annexed hereto for your consideration and forms part of this Postal Ballot Notice (‘Notice’). In compliance with the aforesaid MCA Circulars, this Postal Ballot Notice is being sent only through electronic mode to those members whose e-mail addresses are registered with the Company/RTA/Depositories. Accordingly, physical copy of the Notice along with Postal Ballot Form and pre-paid business reply envelope are not being sent to the Members for this Postal Ballot. The communication of the assent or dissent of the Members would only take place through the remote e-voting system. In compliance with Regulation 44 of the Listing Regulations and pursuant to the provisions of Sections 108 and 110 of the Companies Act read with Rules made thereunder, the MCA Circulars and SS-2, the Company is pleased to provide e-voting facility to all its Members to enable them to cast their votes electronically. The Company has engaged the services of National Securities Depository Limited (‘NSDL’) for the purpose of providing e-voting facility to all its Members. The e-voting facility is available from Thursday, October 29, 2026 (09:00 a.m. IST) till Friday, November 27, 2026 (05:00 p.m. IST). For this purpose, please read carefully the ‘Procedure/instructions for e-voting’ enumerated in the notes to this Notice. The assent or dissent received after such date and time shall be treated as if reply from the Member has not been received. The Board of Directors has appointed Mr. Bipin L. Makwana (Membership No. A15650), Practicing Company Secretary, Ahmedabad, as the Scrutinizer (‘Scrutinizer’) for conducting the Postal Ballot process through remote e-voting in a fair and transparent manner. The Scrutinizer, after completion of scrutiny of remote e-voting, will submit his report to the Chairperson or a person authorized by him in writing upon completion of scrutiny of postal ballots in a fair and transparent manner and the result of postal ballot through remote e-voting will be announced within the statutory timelines. The result of the postal ballot along with the Scrutinizers report will be posted on the website of the Company at www.aksharchemindia.com and also to stock exchanges website where the Equity Shares of the Company are listed on BSE Limited at www.bseindia.com and National Stock Exchange of India Ltd at www.nseindia.com. In accordance with SS-2, if approved with requisite majority, the Resolution shall be deemed to have been passed on the last date for the voting period i.e., Friday, November 27, 2026. The Resolutions proposed to be passed through Postal Ballot together with the Explanatory Statement setting out the material facts are as follows: Item No. 1: Change in Designation and Re-Appointment of Mr. Munjal M. Jaykrishna (DIN: 00671693), as Managing Director & CEO of the Company: To consider and if thought fit, to pass with or without modification(s), the following resolution as a Special Resolution: “RESOLVED THAT pursuant to the provisions of Sections 196, 197, 198 and 203 read with Schedule V and other applicable provisions, if any of the Companies Act, 2013 (the ‘Act’) and the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 (the ‘Rules’) and Regulation 17 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘SEBI Listing Regulations’), as amended from time to time (including any statutory modification(s) or re-enactment(s) thereof, for the time being in force) and Articles of Association of the Company and other approval(s), as may be required, the consent of the Members of the Company be and is hereby accorded for change in designation and re-appointment of Mr. Munjal M. Jaykrishna (DIN: 00671693), as Managing Director & CEO of the Company, for a period of 3 (three) years commencing from October 19, 2026 up to October 18, 2029, liable to retire by rotation, as recommended by the Nomination and Remuneration Committee and approved by the Board of directors, upon the terms and conditions set out in the Explanatory Statement. RESOLVED FURTHER THAT the Board of Directors of the Company (including its Committee thereof) be and is hereby authorised to alter and/or vary the terms and conditions of remuneration payable to Mr. Munjal M. Jaykrishna during his tenures in excess of the limits prescribed under Section 197 and 198 of the Act in the event of loss or inadequacy of profit during his tenure in any financial year, subject to the provisions of Schedule V of the Act and rules made [Showing first 8,000 characters — download PDF for full document]