Outcome of Board Meeting held on 14th August, 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: Outcome of Board Meeting held on Friday, 14th August, 2026 Pursuant to the provisions of Regulation 30 of 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: 1. Unaudited Financial Results of the Company for the First quarter ended on 30th June, 2026, as reviewed and recommended by the Audit Committee, and took note of Limited Review Report issued by Statutory Auditors of the Company M/s. Mukund and Rohit., Chartered Accountants pursuant to Regulation 33 of the LODR 2. Reappointment of Mr. Gaurav Thanky (DIN: 02565340) as Managing Director of the Company with effect from 01st October, 2026 subject to the approval of the shareholders 3. Payment of remuneration to Mr. Gaurav Thanky (DIN: 02565340), Managing Director of the Company with effect from 01st October, 2026 subject to the approval of the shareholders 4. Reappointment of Mr. A.B. Bodhanwala (DIN: - 00421362) as a Nonexecutive Director of the Company with effect from 01st October, 2026 subject to the approval of the shareholders 5. Payment of remuneration of Mr. A.B. Bodhanwala (DIN: - 00421362) as a Nonexecutive Director of the Company with effect from 01st October, 2026 subject to the approval of the shareholders The detailed information required as per LODR read with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, is given as per Annexure A and B. The Board meeting commenced at 03:51 PM and concluded at 04:20 PM Corporate Office: B-312, Western Edge II, Off. Western Express Highway, Borivali (East), Mumbai - 400 066. Maharashtra, India. • Phone: +91 22 41207546 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 Kindly take the same on record. Thanking you, Yours faithfully, For Axel Polymers Limited Ashish Chaudhary Company Secretary and Compliance Officer Membership No. A72705 Corporate Office: B-312, Western Edge II, Off. Western Express Highway, Borivali (East), Mumbai - 400 066. Maharashtra, India. • Phone: +91 22 41207546 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 Annexure – A Details required under Regulation 30 of LODR read with SEBI Master Circular No SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 Reappointment of Mr. Gaurav Thanky (DIN: 02565340) as Managing Director of the Company Sr. Details of events that need to be Relevant Particulars No. provided 1. Reason for change viz. appointment, Reappointment of Mr. Gaurav Thanky (DIN: reappointment, resignation, removal, 02565340) as Managing Director of the death or otherwise Company 2. Date of appointment/reappointment/ 01st October, 2026 cessation (as applicable) 3. Term of appointment/ reappointment Reappointment for a term of 5 (Five) years and remuneration shall be subject to the approval of shareholders at the next General Meeting of the Company or within three months from the date of his appointment, whichever is earlier, and shall be liable to retire by rotation. 4. Brief profile (in case of appointment) Not Applicable 5. Disclosure of relationships between Mrs. Dhara Thanky, Non-Executive Director of directors (in case of appointment of a the Company, wife of Mr. Gaurav Thanky director) Corporate Office: B-312, Western Edge II, Off. Western Express Highway, Borivali (East), Mumbai - 400 066. Maharashtra, India. • Phone: +91 22 41207546 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 Annexure – B Details required under Regulation 30 of LODR read with SEBI Master Circular No SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 Reappointment of Mr. A.B. Bodhanwala (DIN: - 00421362) as a Nonexecutive Director Sr. Details of events that need to be Relevant Particulars No. provided 1. Reason for change viz. appointment, Reappointment of Mr. A.B. Bodhanwala (DIN: reappointment, resignation, removal, - 00421362) as a Nonexecutive Director of the death or otherwise Company 2. Date of appointment/reappointment/ 01st October, 2026 cessation (as applicable) 3. Term of appointment/ reappointment Reappointment and remuneration shall be subject to the approval of shareholders at the next General Meeting of the Company or within three months from the date of his appointment, whichever is earlier, and shall be liable to retire by rotation. 4. Brief profile (in case of appointment) Not Applicable 5. Disclosure of relationships between Not Related directors (in case of appointment of a director) 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 f [Showing first 8,000 characters — download PDF for full document]