Aries Agro Limited holds 56th AGM, approves FY26 financials and declares ₹2.50 dividend
Aries Agro Limited held its 56th AGM on Sept 29, 2026. The company approved FY26 financials and declared a dividend of ₹2.50 per share. Dr. Rahul Mirchandani was re-appointed MD for 5 years from April 1, 2027. Mr. Nrupang Dholakia was re-appointed as Independent Director. Voting results were declared on Sept 30, 2026.
The re-appointment of the Managing Director and Independent Director, along with the declaration of a dividend, are significant corporate actions that impact shareholder value and company governance. The approval of financial statements is routine but necessary.
The announcement details the successful conclusion of the AGM, approval of financial statements, declaration of dividend, and re-appointment of key management personnel, all of which are positive developments for the company.
Aries Agro Limited has convened its 56th Annual General Meeting (AGM) on Tuesday, 29th September 2026, conducted through Video Conferencing (VC)/Other Audio Visual Means (OAVM). The minutes of this AGM, held from 11:00 a.m. to 12:35 p.m. IST, have been furnished.
The meeting involved the review and approval of the Audited Financial Statements, both standalone and consolidated, for the financial year ended 31st March 2026, along with the reports of the Board of Directors and Auditors. A dividend of ₹2.50 per equity share (25%) was declared for the financial year ended 31st March 2026, comprising a final dividend of ₹1.50 per share (15%) and a special dividend of ₹1.00 per share (10%).
Key personnel appointments and re-appointments were also approved. Mr. Ramamurthy Sundaresan was re-appointed as a Director retiring by rotation. Dr. Rahul Mirchandani was re-appointed as the Managing Director for a period of 5 years from 1st April 2027 to 31st March 2032, with his remuneration not exceeding 5% of the net profits. His salary, perquisites, and allowances were detailed, including a monthly limit of ₹25,00,000/-
Furthermore, Mr. Nrupang Bhumitra Dholakia was re-appointed as an Independent Director for a second term of 5 years, from 15th March 2027 to 14th March 2032. The remuneration of the Cost Auditor for the financial year ending 31st March 2027 was ratified at ₹3,67,000 plus GST and actual out-of-pocket expenses. Additionally, approval was granted for the payment of commission to Ms. Nitya Mirchandani, Promoter Director, not exceeding 1.00% of the company's net profits for the financial year ending 31st March 2027.
The voting results for all resolutions were declared by the Company Secretary on Wednesday, 30th September 2026, at 2:25 p.m. IST, within two working days of the meeting's conclusion.
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Aries Agro Limited filed this with the NSE as a statutory disclosure, categorised under agm. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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