Key Decisions and Financial Results
The Board of Directors of Aries Agro Limited approved the following items at their meeting held on 11th August 2026, which started at 2:27 PM and concluded at 4:15 PM:
1. Approval of Financial Results: The Board approved the Un-Audited Financial Results (both Standalone and Consolidated) for the First Quarter ended 30th June 2026 as required under Listing Regulations.
2. Annual General Meeting: The Board decided to convene the Annual General Meeting on Tuesday, 29th September 2026 and approved the draft Notice and Explanatory Statement.
3. Dividend Record Date: The Board fixed Tuesday, 22nd September 2026 as the cut-off/record date for determining equity shareholders' entitlement for Dividend 2025-26.
4. Dividend Payment Date: The Board fixed the payment date for Dividend 2025-26 on or before Friday, 23rd October 2026.
5. Management Reappointment: Upon recommendation of the Nomination and Remuneration Committee and Audit Committee, the Board approved the re-appointment of Dr. Rahul Mirchandani (DIN: 00239057) as Managing Director for 5 years effective 1st April 2027, subject to shareholder approval via special resolution.
6. Independent Director Reappointment: Upon recommendation of the Nomination and Remuneration Committee, the Board reappointed Mr. Nrupang Bhumitra Dholakia (DIN: 06522711) as Independent Director for a second term of 5 years effective 15th March 2027 until 14th March 2032, subject to shareholder approval via special resolution.
Financial Performance Summary (Rupees in Lakhs)
Consolidated Results (Q1 FY27):
- Net Income from Operations: ₹18,585.77
- Total Income from Operations (net): ₹18,758.48
- Profit before Exceptional Items: ₹1,962.33
- Net Profit for the period: ₹1,484.54 (49.5% increase from ₹993.01 in Q1 FY26)
- Basic EPS: ₹11.47 (compared to ₹7.71 in Q1 FY26)
- Diluted EPS: ₹11.47
Standalone Results (Q1 FY27):
- Net Income from Operations: ₹18,082.71
- Total Income from Operations (net): ₹18,334.74
- Profit before Exceptional Items: ₹1,809.26
- Net Profit for the period: ₹1,362.07 (48.5% increase from ₹917.03 in Q1 FY26)
- Basic EPS: ₹10.47 (compared to ₹7.05 in Q1 FY26)
- Diluted EPS: ₹10.47
Key Financial Metrics Comparison
Consolidated Performance:
| Metric | Q1 FY27 | Q4 FY26 | Q1 FY26 | Full Year FY26 |
| Revenue from Operations | ₹23,705.65 | ₹24,280.93 | ₹20,477.99 | ₹95,688.23 |
| Net Profit | ₹1,484.54 | (₹478.78) | ₹993.01 | ₹4,237.00 |
| Basic EPS (₹) | 11.47 | (3.40) | 7.71 | 32.95 |
Standalone Performance:
| Metric | Q1 FY27 | Q4 FY26 | Q1 FY26 | Full Year FY26 |
| Revenue from Operations | ₹23,194.23 | ₹23,448.62 | ₹19,894.91 | ₹91,764.02 |
| Net Profit | ₹1,362.07 | (₹347.89) | ₹917.03 | ₹3,837.15 |
| Basic EPS (₹) | 10.47 | (2.68) | 7.05 | 29.51 |
Corporate Structure and Subsidiaries
The company has three subsidiaries:
1. Mirabelle Agro Manufacturing Private Limited (Wholly Owned)
2. Aries Agro Equipments Private Limited (Wholly Owned)
3. Golden Harvest Middle East, FZC
The company also has one associate company: Amarak Chemicals, FZC (associate of Golden Harvest Middle East FZC).
The consolidated financial results include these 3 subsidiaries and 1 associate to the extent applicable.
Director Declarations
The company declared that:
1. Dr. Rahul Mirchandani and Mr. Nrupang Bhumitra Dholakia are not debarred for appointment as Directors by any Order of SEBI or other Authorities.
2. Mr. Nrupang Bhumitra Dholakia is not related to any Director of the Company.
Auditor Review
Kirti D. Shah & Associates, Chartered Accountants (Firm Registration No. 115133W), conducted a limited review of both standalone and consolidated financial results and issued unmodified review reports dated 11th August 2026.
The review noted that the financial results of two Indian subsidiaries (representing total revenue of ₹1,877.84 lakhs and net profit of ₹181.11 lakhs) and one overseas subsidiary (AED 14.87 lakhs revenue, AED (2.29) lakhs net loss) were unaudited and included based on management-provided accounts.
Business Context Notes
The company noted that:
1. Business relates to Micronutrient Fertilizers and Plant Nutrient Solutions
2. Performance is impacted by cropping patterns, seasonality, and erratic weather conditions globally and in India
3. Quarterly figures are not necessarily representative of full-year performance
Documents Enclosed
1. Un-Audited Financial Results (Standalone and Consolidated) for Q1 ended 30th June 2026
2. Limited Review Report by Statutory Auditors
3. Brief Profiles of Dr. Rahul Mirchandani and Mr. Nrupang Bhumitra Dholakia