Unaudited Financial Results for the quarter ended 30th June, 2026 is enclosed.

Registered Office & Plant: 309, Moxi, Sankarda - Savli Road, Tal. Savli Dist. Vadodara - 391 780, Gujarat, India. CIN : L25200GJ1992PLC017678 Web : www.axelpolymers.com • Email : info@axelpolymers.com 14th August, 2026 The Listing Department, BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Fort Mumbai 400 001 BSE Scrip Code: - 513642 Sub: Unaudited financial results for the first quarter ended 30.06.2026 Pursuant to the provisions of Regulation 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘LODR’), we would like to inform you that the Board of Directors of the Company at its meeting held on Friday, 14th August, 2026, inter-alia considered and approved the Unaudited Financial Results for the first quarter ended 30th June, 2026 as reviewed and recommended by the Audit Committee and took noote Limited Review Report issued by Statutory Auditors of the Company M/s. Mukund and Rohit., Chartered Accountants and Statement of Deviation(s) or Variation(s) in utilization of Preferential issue proceeds, for the quarter ended 30th June, 2026 We enclose herewith a copy Unaudited Financial Results for the first quarter ended 30th June, 2026 and the said Limited Review Report and Statement of Deviation(s) or Variation(s) in utilization of Preferential issue proceeds, for the quarter ended 30th June, 2026 As required under Regulation 47 (1) (b) of the SEBI LODR, the extract of the Financial Results will be published in the newspapers in the format prescribed by SEBI. The Financial Results will also be available on the Company's website at https://www.axelpolymers.com/ . The Board meeting commenced at 03:51 PM and concluded at 04:20 PM Kindly take the same on record. Thanking you, Yours faithfully, For Axel Polymers Limited Ashish Chaudhary Company Secretary and Compliance Officer Membership No. A72705 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 Ql{ MUKUND & ROHIT IN D I A CHARTERED ACCOUNTANTS LIMITED REVIEW REPORT The Board of Directors, Axel Polymers Limited 309, Mokshi, Sankarda - Savli Road, Taluka : Savli, Vadodara - 391780 We have reviewed the accompanying statement of Unaudited Financial Results of Axel Polymers Limited for the Quarter ended June 30, 2026. This statement is the responsibility of the Company's Management and has been approved by the Board of Directors. Our responsibility is to issue a report on these financial statements based on our review. We conducted our review of the statement in accordance with the Standard on Review Engagement (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the financial statements are free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provide less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying statement of unaudited financial results prepared in accordance with applicable Indian Accounting Standard (lnd AS), as prescribed under section 133 of the Companies Act, 2013 read with relevant Rules and other recognized accounting practices and policies has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations ar,el Disclosure Requirements) Regulations, 2015, as modified by Circular No. CIR/CFD/FAC/62/2016/ dated July 5, 2016, including the manner in which it is to be disclosed, or that it contains any material misstatement. 1) The Company has received a Show Cause Notice (SCN) No. V/CGST/AXEL/PREV/GR V/JC/245/2025-26 dated 19.01.2026 (received on 3.02.2026), issued by the Office of the Commissioner, Central GST & Central Excise, Vadodara, for the financial years 2021-22 to 2024- 25, inter alia, alleges wrongful availment and utilisation of ITC amounting to Rs. 31.57 crores, along with applicable interest and penalties. The Company has deposited an amount of Rs. 100.00 lacs under protest which is without prejudice to its rights and contentions in the subject matter. The Company has submitted an interim reply with appropriate legal and factual submissions on 10.08.2026 awaiting disposal. 2) An investigation has been initiated by regulatory authorities against Company pertaining to the ongoing GST matter. Summons were issued to directors & others and statements have been recorded by the SEBI Investigation Officer. No.8, 2nd Floor, Tower E, Avishkar Complex, Old Padra Road, Vadodara -390 007, Gujarat - INDIA. P +91 265 -2357845, 2310448, 2313515 E info@mukundrohit.com W www.mukundrohit.com MUKUND & ROHIT CHARTERED ACCOUNTANTS 3) Consequent to the proceedings initiated by the GST department, the Investigation Wing of Income Tax Vadodara has initiated investigation against the company, which is ongoing as on date. Till the date no amount is ascertained in the proceedings. 4) Inventory ageing and obsolete items have been assessed by the management and are being carried at same carrying amount in the financial statements. No provision has been made for obsolete / slow moving inventories. Since exact value of the same is not available with us, we are unable to comment on the impact of the same on the financial statements. 5) A Vendor has initiated legal proceedings against the Company u/s 138 of Negotiable Instruments Act for Rs. 18.00 Cr, which is pending before the competent court at Tirupati, A.P. Based on the legal position, the Management believes that the likelihood of crystallization of liability is not probable. Accordingly, no provision has been made. We have not audited or reviewed the financial results and other information for the quarter ended June 30, 2026 which have been presented solely based on the financial information compiled by the management. For, Mukund & Rohit Chartered Accountants Registration No. 113375W 6j,£::h:~ Place: Vadodara Date: 14-08":2026 Partner M. No. 136083 UDIN: 26136083YVMCXC4974 AXEL POLYMERS LIMITED Axel Registered Office & Plant: 309, Moxi, Sankarda -Savli Road, Tal. Savli way to Engineering Compounds .. Dist. Vadodara -391 780, Gujarat, India. CIN : L 25200GJ1992PLC017678 Web: www.axelpolymers.com • Email: info@axelpolymers.com STATEMENT OF UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30.06.2026 (Rs. In Lacs) 30.06.2026 30.06.2025 31.03.2026 31.03.2026 No Description (Unaudited) (Unaudited) (Audited) (Audited) Period 3 months 12 months 1 Income a Revenue from Operations 1619.84 1169.89 1311.98 4439.52 b Other Income 2.26 1.02 5.27 11.75 Total Revenue (Net) 1622.09 1170.91 1317.25 4451.27 2 Expenses a Cost of Material consumed 1009.92 812.54 1139.61 3329.49 b Excise duty on sale of goods 0.00 0.00 0.00 0.00 c Purchase of stock in trade 0.00 0.00 0.00 0.00 d Changes in Inventories of FG, WIP & Stock in trade 265.34 81.10 -73.02 89.52 e Employee benefits expense 102.10 94.28 94.39 386.84 f Depreciation & Amortisation of expenses 15.00 15.00 27.53 72.53 g Finance Cost 74.89 81.50 69.63 307.86 h Other expenses 137.13 82.09 127.66 390.52 Total Expenses (Net) 1604.39 1166.52 1385.80 4576.76 3 Profit/Loss from operations before exceptional and extraordinary items before tax ( 17.70 4.39 -68.55 -125.49 4 Exceptional Items 0.00 0.00 0.00 0.00 5 Profit before extraordinary items and tax(3-4) 17.70 4.39 -68.55 -125.49 6 Extraordinary Items 0.00 0.00 0.00 0.00 7 Profit/Loss before tax 17.70 4.39 -68.55 -125.49 8 Tax expense 0.00 0.00 13.78 -12.85 9 Profit/Loss for the period from continuing operations(7-8) 17.70 4.39 -82.33 -112.64 10 Profit/Loss for the period from di [Showing first 8,000 characters — download PDF for full document]