Aro Granite 38th AGM Notice Director Reappointments

Book Closure Period: September 05, 2026 to September 11, 2026 (both days inclusive)
AGM Date: September 11, 2026 (Friday)
AGM Time: 12:30 PM IST
AGM Mode: Video Conferencing (VC)/Other Audio-Visual Means (OAVM)
Cut-off Date for E-voting: September 04, 2026
Remote E-voting Period: September 08, 2026 (10:00 AM) to September 10, 2026 (5:00 PM)

To receive, consider and adopt Audited Accounts for financial year ended March 31, 2026
To adopt Reports of Directors and Auditors

Mrs. Sujata Arora (DIN: 00112866) retires by rotation and offers herself for re-appointment
Holds 601,372 equity shares (3.93% of share capital)
Graduate from Institute of Home Economics, Delhi
Extensive travel and product marketing knowledge
Does not hold any other directorships

Appointee: Mr. Sunil Kumar Arora (DIN: 00150668)
Position: Managing Director
New Term: 3 years effective April 1, 2027
Current Term Expiry: March 31, 2027
Background: Aged 67 years, Bachelor's degree in Science, founder promoter with 39+ years experience in granite industry
Remuneration Package:
Basic Salary: ₹10,00,000 - ₹12,00,000 per month
Commission: Up to 5% of net profits (subject to ceiling of 100% annual salary)
Perquisites: Residential accommodation/HRA (50% of salary), utility expenses, furniture, medical reimbursement, leave travel, club fees, insurance
Provident Fund, Superannuation Fund, Gratuity (up to half month's salary per completed year)
Leave encashment as per company rules
Minimum Remuneration: Payable in case of inadequacy or absence of profits under Section 198 of Companies Act, 2013

Appointee: Mr. Sahil Arora (DIN: 07970622)
Position: Whole-Time Director
New Term: 3 years effective November 1, 2026
Current Term Expiry: October 31, 2026
Background: Aged 38 years, Post Graduate Programme in Family Business (MFAB) from Indian School of Business, 18+ years experience in granite industry
Remuneration Package:
Basic Salary: ₹2,30,000 - ₹3,30,000 per month
Commission: Up to 5% of net profits (subject to ceiling of 100% annual salary)
Perquisites: Same structure as Managing Director
Minimum remuneration clause applicable

Purpose: Borrowing/availing loans from promoter directors for working capital requirements
Borrowing Limits: ₹50,00,00,000 (Fifty Crore) from each promoter director
Item 5: From Mrs. Sujata Arora (Director and Promoter)
Item 6: From Mr. Sahil Arora (Whole-Time Director and Promoter)
Item 7: From Mr. Sunil Kumar Arora (Managing Director and Promoter)
Total Aggregate Limit: ₹50 crore applicable collectively to all three promoters
Materiality: Transactions expected to exceed 10% threshold of annual consolidated turnover (68.02% of FY2025-26 turnover of ₹73.52 crore)
Terms: Arm's length basis, ordinary course of business, mutually agreed terms
Tenure: During financial year 2026-27

FY2026 Financial Highlights (₹ in crore):

Reasons for Loss/Inadequate Profits:

100% Export Oriented Unit impacted by global business sentiments
COVID-19 pandemic effects including nationwide lockdown, plant closures, raw material shortages
Post-pandemic challenges: higher freight rates, Russia-Ukraine war, increased interest rates
Recession in USA and Europe, higher US tariffs, West Asian geopolitical tensions
Shift in consumer preference from natural stones to engineered stones
Currency exchange rate volatility against US Dollar
Non-availability of quality rough granite blocks due to environmental quarry closures
Sharp increase in raw material prices and high input costs

Scrutinizer: Mr. Sabyasachi Panigrahi, Practicing Company Secretary (COP No. 27507)
E-Voting Agency: Central Depository Services (India) Limited (CDSL)
Results Declaration: Post-AGM on company website www.arotile.com and CDSL website

Alankit Assignments Limited

Alankit House, 4E/2, Jhandewalan Extension, New Delhi 110055

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