Change in Director / Key Managerial Personnel

Nature of Changes:

  • Transition of three promoter Executive Directors to Non-Executive roles
  • Appointment of current CEO as Managing Director

Individual Changes Effective October 1, 2026:

Shri Rajendra V. Gogri (DIN: 00061003)

  • Change from Executive Director to Non-Executive Director and Chairman
  • Not barred from holding office by virtue of any SEBI order or other authority

Shri Rashesh C. Gogri (DIN: 00066291)

  • Change from Executive Director to Non-Executive Director and Vice-Chairman
  • Not barred from holding office by virtue of any SEBI order or other authority

Shri Renil R. Gogri (DIN: 01582147)

  • Change from Executive Director to Non-Executive Director and Vice-Chairman
  • Confirmed not barred from holding office by virtue of any SEBI order or other authority

Shri Suyog Kotecha (DIN: 10634964)

  • Current Chief Executive Officer (CEO) and Executive Director
  • Assumes additional role of Managing Director effective October 1, 2026
  • Term of appointment: 5 years from October 1, 2026
  • No relationship with other directors disclosed
  • Confirmed not barred from holding office by virtue of any SEBI order or other authority

Rationale for Changes:

The transitions align with the Company's commitment to a structured and future-ready governance model by placing management reins in the hands of professional leadership. Shri Suyog Kotecha has demonstrated exceptional leadership and strategic vision, establishing himself within the organization and proving capability for greater responsibilities. Promoter Directors will continue providing strategic oversight through Board leadership roles.

Governance Process:

  • Nomination and Remuneration Committee (NRC) met and reviewed communications from promoter directors
  • Board of Directors subsequently approved the changes in meeting held July 30, 2026
  • Meeting duration: 2:15 pm to 6:30 pm
  • Managing Director appointment subject to shareholders' approval

Regulatory Compliance:

  • Disclosure made under Regulation 30 of SEBI (LODR) Regulations, 2015
  • Compliance with BSE circular REF No. LIST/COMP/14/2018-19
  • Compliance with NSE circular REF No. NSE/CM/2018/24 dated June 20, 2018
  • All directors confirmed eligibility under SEBI norms

Company Details:

  • BSE Code: 524208
  • NSE Code: AARTIIND
  • Disclosure Date: July 30, 2026
  • Effective Date of Changes: October 1, 2026