Meeting Details

The 56th Annual General Meeting of Aries Agro Limited was held on Tuesday, 29th September 2026 through Video Conferencing/Other Audio Visual Means (VC/OAVM). The meeting commenced at 11:00 AM IST and concluded at 12:35 PM IST on the same day. The deemed venue was the Registered Office of the Company at Aries House, Plot No. 36 (Old Plot No. 24), Deonar, Govandi-East, Mumbai-400043.

Attendance

64 members were present (58 members plus those present in person). Directors present included Dr. Rahul Mirchandani (Chairman & Managing Director), Mrs. Nitya Mirchandani (Non-Executive Director), Mr. Ramamurthy Sundaresan (Non-Executive Director), Mr. Nrupang B. Dholakia (Independent Director), Mr. R. V. Balasubramaniam Iyer (Independent Director), and Dr. Shailesh Ramesh Karnik (Independent Director). Various auditors and officers including the Company Secretary Mr. Qaiser P. Ansari were also in attendance.

Voting Results Announcement

The voting results were declared by the Company Secretary duly authorized by the Chairman on Wednesday, 30th September 2026 at 2:25 PM IST.

Resolutions Passed

Item No. 1: Ordinary Resolution - Approval of Financial Statements

  • Approved the Audited Financial Statements (Standalone and Consolidated) for FY ended 31st March 2026 together with Reports of Board of Directors and Auditors
  • Total votes polled: 4,225,712 (100% of votes cast)
  • Votes in favor: 4,225,709 (99.9999%)
  • Votes against: 3 (0.00007%)
  • Invalid votes: 0

Item No. 2: Ordinary Resolution - Declaration of Dividend

  • Declared dividend of ₹2.50 (25%) per equity share on 13,004,339 equity shares of ₹10 each for FY ended 31st March 2026
  • Breakdown: ₹1.50 per share (15%) as Final Dividend + ₹1.00 per share (10%) as Special Dividend
  • Total dividend amount: ₹32.51 lakhs
  • Record date: Tuesday, 22nd September 2026
  • Total votes polled: 4,225,712 (100% of votes cast)
  • Votes in favor: 4,225,709 (99.9999%)
  • Votes against: 3 (0.00007%)
  • Invalid votes: 0

Item No. 3: Ordinary Resolution - Reappointment of Director

  • Reappointed Mr. Ramamurthy Sundaresan (DIN: 00540033) who retired by rotation
  • Total votes polled: 4,225,712 (100% of votes cast)
  • Votes in favor: 4,225,109 (99.986%)
  • Votes against: 603 (0.014%)
  • Invalid votes: 0

Item No. 4: Special Resolution - Reappointment of Managing Director

  • Reappointed Dr. Rahul Mirchandani (DIN: 00239057) as Managing Director for 5 years from 1st April 2027 to 31st March 2032
  • Remuneration not to exceed 5% of net profits of the company
  • Monthly salary: Not exceeding ₹25,00,000 per month inclusive of perquisites and allowances
  • Perquisites include: Rent free accommodation or HRA up to ₹1,80,000/month, company car with chauffeur, medical benefits up to ₹18,00,000/year, communication allowance, personal accident insurance, club fees, etc.
  • Entitled to commission as decided by Board but within overall ceiling
  • Leave: 30 working days per year with encashment at end of tenure
  • Total votes polled: 4,225,712 (100% of votes cast)
  • Votes in favor: 3,908,130 (92.48%)
  • Votes against: 317,582 (7.52%)
  • Invalid votes: 0

Item No. 5: Special Resolution - Reappointment of Independent Director

  • Reappointed Mr. Nrupang Bhumitra Dholakia (DIN: 06522711) as Independent Director for second term of 5 years from 15th March 2027 to 14th March 2032
  • Total votes polled: 4,225,712 (100% of votes cast)
  • Votes in favor: 4,225,109 (99.99%)
  • Votes against: 603 (0.014%)
  • Invalid votes: 0

Item No. 6: Ordinary Resolution - Ratification of Cost Auditor Remuneration

  • Ratified remuneration of ₹3,67,000 plus GST and out-of-pocket expenses for Mr. S. G. Narasimhan (Registration No. 000010) for cost audit for FY ending 31st March 2027
  • Total votes polled: 4,225,712 (100% of votes cast)
  • Votes in favor: 4,225,046 (99.98%)
  • Votes against: 666 (0.016%)
  • Invalid votes: 0

Item No. 7: Special Resolution - Commission to Promoter Director

  • Approved payment of commission to Ms. Nitya Mirchandani, Promoter Director, not exceeding 1% of net profits for FY ending 31st March 2027
  • Distribution manner and proportion to be determined by Board of Directors
  • Total votes polled: 4,225,712 (100% of votes cast)
  • Votes in favor: 4,224,986 (99.98%)
  • Votes against: 726 (0.017%)
  • Invalid votes: 0

Auditor Reports

The Chairman noted that Statutory Auditor M/S Kirti D. Shah and Associates and Secretarial Auditor Mr. A. Sekar submitted their reports for FY ended 31st March 2026 with no qualifications, reservations or adverse remarks.