Meeting Details

The 41st Annual General Meeting was held on Saturday, September 26, 2026 at 11:00 AM through Video Conferencing and Other Audio Visual Means in compliance with circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India. The meeting concluded at 11:57 AM.

Attendance

93 members attended the meeting through Video Conferencing. The following individuals were present:

  • Shri Chandrakant V. Gogri, Chairman Emeritus
  • Shri Prakash M. Patil, Chairman, Managing Director & CEO
  • Board Members
  • Shri Ankit Paleja, Chairman of Stakeholders' Relationship Committee
  • Shri Hasmukh Dedhia, Chairman of Audit Committee
  • Smt Neha Gada, Chairperson of Nomination & Remuneration Committee
  • Representative of the Statutory Auditors
  • Representative of the Secretarial Auditors
  • Representative of the Scrutinizers

Resolutions Considered

The following 16 resolutions from the Notice of AGM dated August 27, 2026 were taken up for consideration:

Ordinary Business

1. To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements of the Company for the financial year ended March 31, 2026, together with the Reports of the Board of Directors' and the Auditors thereon.

2. Approval to the Retirement of Shri Uday M. Patil (DIN: 01186406) who retires by rotation and has not offered himself for re-appointment as a Director of the Company.

Special Business

3. Appointment of Shri Nilesh Bhalchandra Patil (DIN: 08616943) as the Director of the Company.

4. Appointment of Shri Nilesh Bhalchandra Patil (DIN: 08616943) as the Whole-time Director of the Company.

5. Appointment of Shri Adhish Prakash Patil (DIN: 02629496) as the Director of the Company.

6. Appointment of Shri Adhish Prakash Patil (DIN: 02629496) as the Managing Director of the Company.

9. Re-appointment of Shri Hasmukh Bhavanji Dedhia (DIN: 07510925) as an Independent Director of the Company for the second term of 5 (five) years.

10. Re-appointment of Shri Sandeep Madhusudan Joshi (DIN: 00516409) as an Independent Director of the Company for the second term of 5 (five) years.

11. Re-appointment of Shri Ajit Eledath Venugopalan (DIN: 09439069) as an Independent Director of the Company for the second term of 5 (five) years.

12. Approval to Shri Prakash Moreshwar Patil, a Related Party, to hold an Office or Place of Profit in the Company.

13. Payment of Profit Related Commission to the Non-executive Directors.

14. Aarti Drugs Limited Performance Stock Option Plan 2026 ('PSOP 2026').

15. Grant of stock options under "Aarti Drugs Limited Performance Stock Option Plan 2026" ('PSOP 2026') to the Employees of the Subsidiary Companies, Group Companies and Associate Companies (Present or Future).

16. Ratification of remuneration of Cost Auditors for FY 2026-27.

Voting Process and Methods

The facility for remote e-voting was provided to shareholders in proportion to their voting rights as on the cut-off date of Saturday, September 19, 2026. The e-voting period commenced at 09:00 AM on Wednesday, September 23, 2026 and concluded at 05:00 PM on Friday, September 25, 2026. Voting by electronic means was also available during the AGM to those shareholders who had not already voted by means of remote e-voting. The e-voting window remained open for 30 minutes after the conclusion of the AGM.

Scrutinizer Appointment and Results Declaration

The Company appointed CS Monali Bhandari, Practicing Company Secretary, and failing him CS Jagdish Patel, Practicing Company Secretary as Scrutinizer to scrutinize the remote e-voting and e-voting process in a fair and transparent manner. The results of the remote e-voting and e-voting at the 41st AGM will be declared within 2 working days of the conclusion of the AGM upon receipt of the Scrutinizer's Report. The results will be posted on the Company's website (www.aartidrugs.com), on the website of NSDL, and communicated to BSE Limited and National Stock Exchange of India Limited.

Additional Proceedings

The Chairman addressed members with a brief speech updating the Company's performance highlights, major milestones during the year, Company's objectives towards sustainability, and leadership transition. The Chief Financial Officer gave a brief presentation on the Company's overview, performance for the year ended March 31, 2026, and financial highlights for the quarter ended June 30, 2026. Shareholders were given an opportunity to ask questions, which were responded to by the Chief Financial Officer.

Compliance Confirmation

The meeting was conducted in compliance with the circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India. The requisite Statutory Registers and Records were made available for inspection by the members electronically.