Meeting Details

  • Date: Saturday, October 31, 2026
  • Time: 11:00 a.m. IST
  • Mode: Video Conferencing (VC) and Other Audio Visual Means (OAVM)
  • Duration: 11:00 a.m. to 11:50 a.m. (50 minutes)
  • Compliance: Conducted in accordance with circulars issued by the Ministry of Corporate Affairs and SEBI

Attendance

  • All Board Members present except one Independent Director absent due to prior commitments
  • Chairperson of all Board Committees present
  • Representatives from Statutory & Secretarial Auditors present
  • Requisite quorum achieved
  • Shareholders provided electronic access to records and registers for inspection

Key Resolution

Special Business (Through Special Resolution):

  • Approval for raising funds up to ₹1000 crore
  • To be raised in one or more tranches
  • Through issuance of securities (rupee denominated or foreign currency denominated)
  • Methods include: Qualified Institutions Placement (QIP), preferential allotment, private placement(s), or any other permitted method
  • Enabling limit provides flexibility to raise funds as needed based on market conditions

Rationale for Fundraising

  • Strengthen financial foundation and support long-term growth
  • Evaluate capital structure for prudence and efficiency
  • Address current and future funding requirements
  • Support scale of operations and growth plans
  • Potential deleveraging considered value-accretive
  • Flexibility to choose optimal fundraising route (rights issue, QIP, private placement, preferential issue) based on market conditions

Voting Details

  • Remote e-voting period: October 28, 2026 (9:00 a.m.) to October 30, 2026 (5:00 p.m.)
  • Cut-off date for voting rights: October 24, 2026
  • Electronic voting available during EGM for shareholders who hadn't voted remotely
  • E-voting remained open for 30 minutes after EGM conclusion
  • Scrutinizer: M/s. BNP & Associates, Practicing Company Secretary
  • Results to be declared within 2 working days after scrutinizer's report
  • Results will be posted on company website (www.aartiindustries.com) and communicated to BSE and NSE

Management Commentary

Chairman Rajendra V. Gogri stated the company demonstrates resilience and adaptability in dynamic global environment. Managing Director and CEO Suyog Kotecha presented performance highlights for quarter and half year ended September 30, 2026, and rationale for the fundraising agenda.

Shareholder Engagement

Shareholders attending through video conferencing expressed views/questions relating to business and operations. Chairman and CEO responded to all queries.

Financial Impact

Fundraising amount: Up to ₹1000 crore (enabling limit)

Financial impact not quantified in the disclosure regarding specific use of proceeds or dilution effects.