In furtherance of our intimation submitted on 20th August, 2026, please note that a typographical error was identified in the Board's Report on Page No. 27 of the Annual Report for the ....

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 25th August, 2026 The Listing Department, BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai – 400 001 Scrip Code: 513642 Subject: Filing of revised Annual Report for the Financial Year 2025-26 Dear Sir/Madam, In furtherance of our intimation submitted on 20th August, 2026, please note that a typographical error was identified in the Board’s Report on Page No. 27 of the Annual Report for the Financial Year 2025-26, which has now been duly corrected. Accordingly, we hereby submit the revised Annual Report for the Financial Year 2025-26 for your records and further dissemination. We request you to 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 CIN: L25200GJ1992PLC017678 Registered Office: 309, Mokshi, Sankarda - Savli Road, Tal. Savli, Dist. Vadodara – 391780. Email Id: cs@axelpolymers.com, Website: www.axelpolymers.com, Phone: +91 89800 29622. 34th Annual Report & Accounts – 2025-26 CONTENTS Particulars Page No. 34th AGM Notice 3-26 Board’s Report and Annexures 27-77 Independent Auditors’ Report 78-96 Balance Sheet 97 Statement of Profit and Loss 98 Cash Flow Statement 99-100 Statement of changes in equity 101 Notes to the Financial Statements 102-129 AXEL POLYMERS LIMITED | ANNUAL REPORT 2025-26 AXEL POLYMERS LIMITED COMPANY IDENTIFICATION NO (CIN): L25200GJ1992PLC017678 BOARD OF DIRECTORS / KMPs Mr. Gaurav Thanky Chairman & Managing Director Mr. A. B. Bodhanwala Non-Executive Director Mr. Haresh Kothari Independent Director (ceased to be director in view of completion of tenure on 18.08.2025) Mrs. Dhara Gaurav Non-Executive Woman Director Thanky Mr. Chirag Shah Independent Director w.e.f. 29.05.2025 Mr. Ashok Shah Independent - Director w.e.f. 18.08.2025 Mr. Yogesh Keshariya Independent Director (Additional Director) w.e.f. 12.06.2026 Mr. Tejas Bhatt Chief Financial Officer Ms. Ashish Chaudhary Company Secretary & Compliance Officer w.e.f 13.02.2025 REGISTERED OFFICE & WORKS CORPORATE OFFICE S.No.309, VIL Mokshi, Sankarda-Savli Road Tal. Savli, B-312, Western Edge II, Dist. Vadodara 391 780 Off. Western Express Highway, Borivali (East), Mumbai - Gujarat, India 400 066, Maharashtra, India. Phone: +91 89800 29622 Phone: +91 22 41207546 Website: www.axelpolymers.com Website: www.axelpolymers.com STATUTORY AUDITORS INTERNAL AUDITORS SECRETARIAL AUDITORS Mukund & Rohit M/s Chirag Bhatt & Associates M/s. Devesh Pathak & Associates Chartered AccountantS Chartered Accountants Practising Company Secretaries E-8, Avishkar Complex, Old Padra 204 Radha Krishna Flat A wing, First Floor, 51, Udyognagar Society, Road, Vadodara, Gujarat - 390007 R a d h a K rishna Cross Road, Akota, Nr. Ayurvedic College, Outside Vadodara - 390012 Panigate, Vadodara-390019 BANKERS REGISTRAR & SHARE TRANSFER AGENT BANK OF BARODA M/s MUFG Intime India Private Limited (Formerly known as Link Intime India Private HDFC BANK Limited) Geetakunj, 1, Bhakti Nagar Society, Behind ABS Tower, Old Padra Road, Vadodara – 390015. AXEL POLYMERS LIMITED | ANNUAL REPORT 2025-26 NOTICE OF THE 34th ANNUAL GENERAL MEETING OF AXEL POLYMERS LIMITED NOTICE is hereby given that the 34th Annual General Meeting (AGM) of the Members of the Axel Polymers Limited will be held on Friday, 11th September, 2026 at the deemed venue at the Registered Office of the Company at S No. 309, Vill. - Mokshi, Sankarda-Savli Road, Tal. Savli, Dist. Vadodara -391780 Gujarat at 11:30 a.m. through Video Conferencing (VC)/ Other Audio- Visual Means (OAVM) to transact the following business: Ordinary Business: - 1. To receive, consider and adopt the Audited Financial Statements for the year ended on 31st March, 2026 together with the Reports of the Auditors’ and Board’s thereon. To consider and if thought, to pass following resolution as an ORDINARY RESOLUTION: “RESOLVED THAT the Audited Financial Statement for the Financial year ended 31st March, 2026 together with the Board’s Report and Auditors’ Report thereon as circulated to the shareholders, be and are, hereby received, considered and adopted.” 2. To appoint a Director in place of Mr. Gaurav Thanky (DIN: 02565340), who retires by rotation and being eligible offers himself for reappointment. To consider and if thought, to pass following resolution as an ORDINARY RESOLUTION: “RESOLVED THAT Mr. Gaurav Thanky (DIN: 02565340), who retires by rotation and being eligible, offers himself for re-election, be and is hereby re-appointed as a Director, liable to retire by rotation pursuant to Section 152 of the Companies Act, 2013.” Special Business:- 3. To approve appointment of Mr. Yogesh Keshariya (DIN: 07063024), as a Non-executive Independent Director of the Company: To consider and if thought fit, to pass the following resolution as a SPECIAL RESOLUTION: “RESOLVED THAT pursuant to the Regulation 17(1)(C) of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015 (LODR) as applicable read with Section 149, 150, 152, 161(1) and any other provisions applicable, if any, read with Schedule IV of the Companies Act, 2013 (‘the Act’) [including statutory modification(s) and re-enactment(s) thereof] as also any other applicable laws as the case may be and Articles of Association of the Company and on the recommendation of Nomination and Remuneration Committee and Board of Directors, Mr. Yogesh Keshariya (DIN: 07063024), who holds office as an Additional Director up to the date AXEL POLYMERS LIMITED | ANNUAL REPORT 2025-26 of this Annual General Meeting and who has submitted a declaration that he meets the criteria for independence as provided under Section 149(6) of the Act and Regulation 16(1)(b) of the LODR and in respect of whom the Company has received a requisite notice in writing under Section 160(1) of the Act from a Member, signifying intention to propose his candidature for the office of Director, be and is hereby appointed as a Non- Executive Independent Director, not liable to retire by rotation, for a first term of three consecutive years with effect from 12th June, 2026. RESOLVED FURTHER THAT any Director or the Key Managerial Personnel (KMP) of the Company, be and are, hereby severally authorized to do all the acts and deeds necessary and expedient including to file requisite form(s) with Ministry of Corporate Affairs for the purpose. 4. To approve re-appointment of Mr. Gaurav Thanky (DIN: 02565340) as the Managing Director of the Company. To consider and if thought fit, to pass the following resolution as an ORDINARY RESOLUTION: “RESOLVED THAT pursuant to the provisions of Sections 196, 203 and all other applicable provisions, if any, of the Companies Act, 2013 (“Act”), read with Schedule V thereto and the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, the applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, (‘LODR’), the Articles of Association of the Company and subject to such other approvals, permissions and sanctions as may be required, and pursuant to the recommendation of the Nomination and Remuneration Committee and approval of the Board of Directors, the approval of the Members be and is hereby accorded to the re-appointment of Mr. Gaurav Thanky (DIN: 02565340) as the Managing Director of the Company for a period of Five (5) years commencing from 1st October, 2026 and ending on 30th September, 2031, on such terms and conditions as set out in the Explanatory Statement annexed to this Notice and as may be approved by the Board of Directors from time to time, subject [Showing first 8,000 characters — download PDF for full document]