Aksh Optifibre Limited

Aksh Optifibre Limited

Popatlal Fulchand Sundesha, a promoter of Aksh Optifibre Limited, has submitted a disclosure to the exchange under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation requires promoters to disclose details of shares pledged or otherwise encumbered. The announcement only confirms the submission of this regulatory filing, without providing specific details regarding any change in the extent of pledged shares.

Aksh Optifibre Limited

Aksh Optifibre Limited has received the final order from the Hon'ble National Company Law Tribunal (NCLT), Jaipur Bench, confirming the commencement of the Corporate Insolvency Resolution Process (CIRP). The NCLT order, dated June 19, 2026, adopted the Technical Member's opinion as the majority and final decision in the Section 7 petition filed by M/s. Shantanu Investments Private Limited, a financial creditor. This formalizes the company's entry into CIRP, following earlier intimations about its initiation and the appointment of an Interim Resolution Professional, due to an admitted outstanding debt.

Aksh Optifibre Limited

Aksh Optifibre Limited has announced the commencement of its Corporate Insolvency Resolution Process (CIRP) following an order from the National Company Law Tribunal (NCLT), Jaipur Bench. The CIRP officially began on June 19, 2026, with Praveen Kumar Singhal appointed as the Interim Resolution Professional. Creditors are invited to submit their claims against the company by July 03, 2026. This development signifies severe financial distress for Aksh Optifibre, indicating its inability to meet financial obligations. For investors, this typically implies a high risk of value erosion or potential complete loss of their equity investment as the company undergoes a formal resolution process.

Aksh Optifibre Limited

Aksh Optifibre Limited has informed the exchanges about an update regarding its Corporate Insolvency Resolution Process (CIRP). The Hon'ble NCLT, Jaipur Bench, has orally pronounced an order concerning the company's ongoing insolvency proceedings. This announcement, made under SEBI regulations, signifies a development in the resolution process. While specific details of the order were not disclosed in this communication, it marks a crucial step in addressing the company's financial distress. Investors should monitor future disclosures for details on the NCLT's decision and its potential implications.