Aarti Surfactants Ltd

ESOP Grant Details

• 9,000 stock options granted under ESOP 2024 at ₹10 per option.
• Options vest in two equal annual tranches (50% each) on the first and second anniversaries, subject to conditions.
• Exercisable within 3 years from vesting.

Key management re-appointments

• Re-appoint Nikhil P. Desai as CEO & MD for five years from Aug 20, 2027, subject to approval.
• Re-appoint Santosh M. Kakade as Executive Director for five years from Aug 20, 2027, subject to approval.

Independent director appointment

• Appoint Vandana B. Patravale as Independent Director for five years from Aug 22, 2026, subject to AGM approval.
• Independent status confirmed; meets Companies Act and SEBI LODR independence criteria.

Governance and structural changes

• Alter Main Object Clause of Memorandum to broaden activities, subject to shareholders' approval.
• Kanika Rathore designated as President - Business & Operations, effective Aug 22, 2026.

Regulatory confirmations

• Nikhil Desai, Santosh Kakade, Vandana Patravale not debarred by SEBI.

NCRPS redemption update

• Full redemption of 10,82,387 NCRPS completed at ₹167.70 per instrument.
• Redemption is due to maturity; gross amount ₹23,23,40,864; outstanding balance Nil.
• Quantity redeemed: 10,82,387 NCRPS.
• Redemption date due and actual: 5 August 2026.
• Redemption price: ₹167.70 per NCRPS (₹10 face + ₹157.70 premium); 4% annualized return.
• ISIN: INE09EO04017.
• Record-date eligibility: holders on record date receive redemption.

Meeting Details

• Date: Saturday, August 1, 2026; time and venue not disclosed.

Key Agenda Items

• Consider and approve unaudited standalone and consolidated results for the quarter ended June 30, 2026.

Other Notes

• Trading window to remain closed until 48 hours after declaration of the results.

Dematerialisation processing & listing

• Dematerialisation requests processed and confirmed to depositories; securities listed on the exchanges where earlier securities are listed.
• Physical certificates for dematerialisation mutilated and cancelled; depository's name updated as registered owner within prescribed timelines.

Record Date Details

• Security: Preference shares; Record Date: July 21, 2026.
• ISIN: INE09EO04017.
• Entitlement: redemption proceeds for preference shareholders.