Aksh Optifibre 39th AGM Notice Amid CIRP Oversight

AGM Date: September 28, 2026 | Professional Consultant Fee: Rs 7,50,000 per month.

Reader Takeaway: Shareholders will vote on leadership continuity and consultancy terms while the firm remains in insolvency proceedings.

What just happened

Aksh Optifibre Limited has issued a notice for its 39th Annual General Meeting, scheduled to be held virtually on September 28, 2026, at 02:00 P.M. IST. Because the company is undergoing the Corporate Insolvency Resolution Process (CIRP), the meeting will be held via Video Conferencing (VC) or Other Audio Visual Means (OAVM), following directives from the NCLAT.

Why this matters

The company is operating under the supervision of an Interim Resolution Professional (IRP). Despite the ongoing insolvency, the company continues its governance routines, including the rotation of directors and the appointment of professional advisors tasked with assisting in debt management and fund infusion.

Key Resolutions

• Director Re-appointment: Dr. Kailash Shantilal Choudhari, retiring by rotation, is seeking re-appointment as a Director.
• Professional Consultant: Mr. Satyendra Kumar Gupta has been re-appointed for one year starting December 1, 2026. His compensation includes a fixed monthly fee of Rs 7,50,000 and success-linked bonuses tied to debt settlements and capital infusion.
• Audit: The company is seeking ratification for the remuneration of its Cost Auditor, M/s. Ajay Kumar Singh & Co., for the financial year ending March 31, 2027.

Governance and Process

Due to the nature of the meeting, physical attendance and proxy voting are not permitted. Shareholders must participate via remote e-voting between September 25 and September 27, 2026. KFin Technologies Limited is managing the voting infrastructure.