Company and Document Details

Reference Number: AIL/SE/30/2026-27

Meeting Details

  • Meeting: 14th Annual General Meeting (AGM-2026/27)
  • Date: Friday, September 11, 2026
  • Time: 11:00 Hrs. IST
  • Mode: Video Conference/Other Audio Visual Means (OAVM)
  • Cut-off date for voting eligibility: September 5, 2026
  • Remote e-voting period: September 8, 2026 (09:00 Hrs.) to September 10, 2026 (17:00 Hrs.)

Agenda Items

Ordinary Business

1. To receive, consider and adopt the audited Standalone and Consolidated Financial Statements for FY ended March 31, 2026, with Reports of Board and Auditors

2. To appoint director in place of Mr. Kamalvijay Ramchandra Tulsian (DIN: 00190840) who retires by rotation

3. To appoint director in place of Ms. Ishita Surendra Manjrekar (DIN: 06731016) who retires by rotation

Special Business

4. Ratification of Cost Auditor remuneration: ₹1,20,000 plus applicable taxes and out-of-pocket expenses for FY 2026-27 to M/s. PAAA & Associates, as approved by Audit Committee and Board on July 31, 2026

5. Re-appointment of Mr. Ashwin Jayantilal Desai as Managing Director for 5 years from October 1, 2026 to September 30, 2031 at monthly remuneration of ₹12,07,500 (inclusive of annual bonus)

6. Re-appointment of Ms. Purnima Ashwin Desai as Whole-Time Director for 5 years from October 1, 2026 to September 30, 2031 at monthly remuneration of ₹12,07,500 (inclusive of annual bonus)

7. Re-appointment of Mr. Rohan Ashwin Desai as Whole-Time Director for 5 years from October 1, 2026 to September 30, 2031 at monthly remuneration of ₹16,61,250 (inclusive of annual bonus)

8. Re-appointment of Dr. Aman Ashwinbhai Desai as Whole-Time Director for 5 years from October 1, 2026 to September 30, 2031 at monthly remuneration of ₹18,11,250 (inclusive of annual bonus)

Director Details and Remuneration

Mr. Ashwin Jayantilal Desai (Managing Director)

  • DIN: 00038386
  • Current term expires: September 30, 2026
  • Proposed remuneration: ₹12,07,500 per month
  • Experience: Over four decades in accounting, commerce and administration
  • Qualifications: Bachelor's degree in Chemical Engineering from Institute of Chemical Technology
  • Shareholding: 67,20,417 shares
  • Last drawn remuneration: ₹13.65 million per annum

Ms. Purnima Ashwin Desai (Whole-Time Director)

  • DIN: 00038399
  • Current term expires: September 30, 2026
  • Proposed remuneration: ₹12,07,500 per month
  • Experience: Leads overall accounting and finance operations
  • Qualifications: Bachelor of Commerce from University of Delhi
  • Shareholding: 2,30,78,230 shares
  • Last drawn remuneration: ₹13.65 million per annum

Mr. Rohan Ashwin Desai (Whole-Time Director)

  • DIN: 00038379
  • Current term expires: September 30, 2026
  • Proposed remuneration: ₹16,61,250 per month
  • Experience: Extensive experience in speciality chemical industry, looks after commercial operations
  • Qualifications: Bachelor of Commerce from Veer Narmad South Gujarat University
  • Shareholding: 22,21,681 shares
  • Last drawn remuneration: ₹19.47 million per annum

Dr. Aman Ashwinbhai Desai (Whole-Time Director)

  • DIN: 00043633
  • Current term expires: September 30, 2026
  • Proposed remuneration: ₹18,11,250 per month
  • Experience: Responsible for R&D, pilot plant, and production operations
  • Qualifications: PhD in Organic Chemistry from Michigan State University, USA; B.Tech in Intermediates and Dyestuff Technology
  • Shareholding: 1,10,000 shares
  • Last drawn remuneration: ₹20.48 million per annum

Non-Executive Directors

Mr. Kamalvijay Ramchandra Tulsian (DIN: 00190840)

  • Age: 75 years, Appointment date: May 22, 2018
  • Qualifications: Diploma in Electrical Engineering and Mechanical Engineering
  • Shareholding: 11,690 shares
  • Sitting fees: ₹0.29 million

Ms. Ishita Surendra Manjrekar (DIN: 06731016)

  • Age: 42 years, Appointment date: June 20, 2018
  • Qualifications: Bachelor's in Chemical Engineering from ICT Mumbai, Master's in Chemical Engineering from Rensselaer Polytechnic Institute
  • Shareholding: Nil
  • Sitting fees: ₹0.22 million

Voting Arrangements

  • E-voting agency: Central Depository Services (India) Limited (CDSL)
  • Scrutinizer: M/s. Dhirren R. Dave & Company, Company Secretaries
  • Results declaration: Within 2 days of passing resolutions at AGM
  • Results publication: Company website (https://aether.co.in/investor-relations/) and CDSL website (www.evotingindia.com)

Additional Provisions

  • All directors are covered under Company's Directors and Officers (D&O) Insurance and medical insurance
  • Remuneration may be revised in case of no profits/inadequate profits during tenure
  • The AGM is being held virtually due to COVID-19 pandemic provisions under MCA circulars
  • Physical attendance dispensed with, no proxy facility available
  • Electronic copies of documents available on company website