Meeting Details

The 41st Annual General Meeting of Aarti Drugs Limited was held on Saturday, September 26, 2026, at 11:00 AM (IST) through Video Conferencing/Other Audio Visual Means. The cut-off date for determining shareholder eligibility to vote was Saturday, September 19, 2026. A total of 93 shareholders attended the meeting via Video Conferencing (39 Promoters/Promoter Group, 54 Public).

Summary of Proposed Resolutions and Voting Process

The shareholders voted on 16 resolutions covering several key areas:

  • Adoption of Audited Standalone and Consolidated Financial Statements for FY ended March 31, 2026
  • Director appointments, retirements, and re-appointments (Uday M. Patil, Nilesh Bhalchandra Patil, Adhish Prakash Patil, Harshit Manilal Savla, Harit Pragji Shah, Hasmukh Bhavanji Dedhia, Sandeep Madhusudan Joshi)
  • Approval for related party transaction (Shri Prakash Moreshwar Patil holding office of profit)
  • Payment of profit-related commission to non-executive directors
  • Introduction and implementation of 'Aarti Drugs Limited Performance Stock Option Plan 2026' (PSOP 2026) for employees and subsidiary/group/associate company employees
  • Ratification of remuneration of Cost Auditors for FY 2026-27

The voting process utilized remote e-voting facilitated by National Securities Depository Limited (NSDL). The e-voting period commenced on Wednesday, September 23, 2026 (9:00 AM) and ended on Friday, September 25, 2026 (5:00 PM). The company also provided e-voting facility during the AGM. No physical polling or postal ballot was used.

Key Voting Outcomes

Overall Participation

  • Total outstanding shares: 91,270,000
  • Total votes cast: 67,562,182 shares (74.0245% of outstanding shares)
  • Total shareholders on record date: 143,365
  • Number of shareholders who voted: Not explicitly stated in aggregate

Resolution-wise Results

Resolution 1: Adoption of Financial Statements

  • Type: Ordinary Resolution
  • Votes in favour: 67,544,222 (99.9991%)
  • Votes against: 593 (0.0009%)

Resolution 2: Retirement of Shri Uday M. Patil (DIN: 01186406)

  • Type: Ordinary Resolution
  • Votes in favour: 67,557,332 (99.9928%)
  • Votes against: 4,850 (0.0072%)

Resolution 3: Appointment of Shri Nilesh Bhalchandra Patil (DIN: 08616943) as Director

  • Type: Ordinary Resolution
  • Votes in favour: 67,556,871 (99.9921%)
  • Votes against: 5,311 (0.0079%)

Resolution 4: Appointment of Shri Nilesh Bhalchandra Patil as Whole-time Director

  • Type: Ordinary Resolution
  • Votes in favour: 67,556,871 (99.9921%)
  • Votes against: 5,311 (0.0079%)

Resolution 5: Appointment of Shri Adhish Prakash Patil (DIN: 02629496) as Director

  • Type: Ordinary Resolution
  • Votes in favour: 67,548,645 (99.9800%)
  • Votes against: 13,537 (0.0200%)

Resolution 6: Appointment of Shri Adhish Prakash Patil as Managing Director

  • Type: Ordinary Resolution
  • Votes in favour: 67,467,785 (99.8603%)
  • Votes against: 94,397 (0.1397%)

Resolution 7: Re-appointment of Shri Harshit Manilal Savla (DIN: 00005340) as Joint Managing Director

  • Type: Ordinary Resolution
  • Votes in favour: 67,440,440 (99.8198%)
  • Votes against: 121,742 (0.1802%)

Resolution 8: Re-appointment of Shri Harit Pragji Shah (DIN: 00005501) as Whole-time Director

  • Type: Ordinary Resolution
  • Votes in favour: 67,440,442 (99.8198%)
  • Votes against: 121,740 (0.1802%)

Resolution 9: Re-appointment of Shri Hasmukh Bhavanji Dedhia (DIN: 07510925) as Independent Director (2nd term)

  • Type: Special Resolution
  • Votes in favour: 67,501,119 (99.9096%)
  • Votes against: 61,063 (0.0904%)

Resolution 10: Re-appointment of Shri Sandeep Madhusudan Joshi (DIN: 00516409) as Independent Director (2nd term)

  • Type: Special Resolution
  • Votes in favour: 67,529,065 (99.9510%)
  • Votes against: 33,117 (0.0490%)

Resolution 11: Re-appointment of Shri Ajit Eledath Venugopalan (DIN: 09439069) as Independent Director (2nd term)

  • Type: Special Resolution
  • Votes in favour: 67,502,317 (99.9114%)
  • Votes against: 59,865 (0.0886%)

Resolution 12: Approval for Shri Prakash Moreshwar Patil to hold office of profit

  • Type: Ordinary Resolution
  • Votes in favour: 51,963,641 (97.8522%)
  • Votes against: 1,140,596 (2.1478%)

Resolution 13: Payment of profit-related commission to non-executive directors

  • Type: Special Resolution
  • Votes in favour: 67,556,759 (99.9920%)
  • Votes against: 5,423 (0.0080%)

Resolution 14: Aarti Drugs Limited Performance Stock Option Plan 2026 (PSOP 2026)

  • Type: Special Resolution
  • Votes in favour: 57,284,494 (84.7878%)
  • Votes against: 10,277,688 (15.2122%)

Resolution 15: Grant of stock options under PSOP 2026 to subsidiary/group/associate company employees

  • Type: Special Resolution
  • Votes in favour: 57,284,204 (84.7874%)
  • Votes against: 10,277,978 (15.2126%)

Resolution 16: Ratification of remuneration of Cost Auditors for FY 2026-27

  • Type: Ordinary Resolution
  • Votes in favour: 67,557,019 (99.9924%)
  • Votes against: 5,163 (0.0076%)

Shareholder Category Breakdown

The voting results include detailed breakdowns by shareholder category (Promoter & Promoter Group, Public Institutions, Public Non-Institutions) for each resolution, showing near-unanimous approval from Promoter & Promoter Group shares (100% in favor for most resolutions) and varying levels of support from Public shareholders.

Scrutinizer's Role and Findings

CS Monali Bhandari, Partner of M/s. Mehta & Mehta, Practicing Company Secretaries, was appointed as the Scrutinizer. The scrutinizer's responsibilities included:

  • Scrutinizing the remote e-voting process prior to the AGM and e-voting during the AGM
  • Unblocking electronically cast votes on September 26, 2026, in the presence of two witnesses (Mr. Darshan Mehta and Ms. Celina Ambrose)
  • Generating reports from the NSDL e-voting system (https://www.evoting.nsdl.com)
  • Preparing the scrutinizer's report based on the data downloaded from NSDL

The scrutinizer confirmed that all electronic data and relevant records of e-voting were handed over to the Company Secretary for safe keeping.

Compliance Confirmation

The report confirms compliance with:

  • Section 108 of the Companies Act, 2013
  • Companies (Management and Administration) Rules, 2014 (as amended)
  • Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015