The company made this announcement on Saturday, 18 September 2010.

Meanwhile, the BSE Sensex was up 54.73 points, or 0.28% at 19,649.48.

On BSE, 9.71 lakh shares were traded in the counter as against an average daily volume of 3.35 lakh shares in the past one quarter.

The stock hit a high of Rs 24.20 and a low of Rs 23.50 so far during the day. The stock had hit a 52-week high of Rs 28.60 on 1 April 2010 and a 52-week low of Rs 14.85 on 12 March 2010.

The small-cap stock had outperformed the market over the past one month till 17 September 2010, rising 11.78% compared with the Sensex's return of 8.57%. It had underperformed the market in past one quarter, gaining 5.92% as against 11.23% rise in the Sensex.

The company has an equity capital of Rs 68.70 crore. Face value per share is Rs 5.

Aksh Optifibre reported higher net loss of Rs 6.80 in Q1 June 2010 compared to net loss of Rs 1.09 crore in Q1 June 2009. Net sales tumbled 96.9% to Rs 1.33 crore in Q1 June 2010 over Q1 June 2009.