Aries Agro Ltd

AGM details

• AGM held on 29 September 2026 via Video Conferencing/OAVM
• Meeting started 11:00 and concluded 12:35

Voting results

• Voting results declared on 30 September 2026

AGM details

• Date: 29 September 2026; start time 11:00 IST.
• Mode not explicitly stated; voting conducted electronically.
• Quorum present; meeting chaired by CMD with key committees and auditors present.
• Meeting closed at 12:35 IST; 15 minutes for electronic voting.

Resolutions and outcomes

• Ordinary: Adoption of audited financial statements for FY2026; outcome not disclosed.
• Ordinary: Dividend declared: Rs 2.50 per share; final Rs1.50 and special Rs1.00; record date 22 Sep 2026.
• Ordinary: Appointment of Ramamurthy Sundaresan as director liable to retire by rotation; outcome not disclosed.
• Special: Re-appointment of Dr. Rahul Mirchandani as Managing Director; outcome not disclosed.
• Special: Re-appointment of Nrupang Bhumitra Dholakia as Independent Director; outcome not disclosed.
• Ordinary: Ratification of remuneration of Cost Auditors for FY2027; outcome not disclosed.
• Special: Payment of Commission to Promoter Director Nitya Mirchandani; outcome not disclosed.

AGM Details

• Meeting held on 29 September 2026.

Financial Highlights

• FY25-26 gross revenue grew 17.87% to ₹917.64 crore.
• Consolidated gross revenue for 2025-26 stood at ₹956.88 crore.
• EBITDA for 2025-26 was ₹8,885.79 L; PBT ₹6,028.80 L.

Operational Highlights

• Standalone capacity utilization reached 73,565 MT.
• 5-year production stood at 73,565 MT in 2025-26.
• New Sayakha manufacturing facility inaugurated in Gujarat.

Strategic & Product Highlights

• New products launched: Aries Trillion, Aries Silica, Agromin Max HD.
• Digitization initiatives include Aries Everywhere App and GS1 QR Code.
• MoU with Sourav Ganguly to boost brand visibility.

People & Outreach

• Manpower rose from 1,196 to 1,365 employees.
• Farmer outreach reached 54,948 farmers via 3,958 meetings.
• 47% women employees; seven of eleven head offices led by women.

Subsidiaries & Footprint

• Growth of Mirabelle Agro Manufacturing and Aries Agro Equipments subsidiaries.

Aries Agro Ltd Trading Window Closed from 1 October 2026; will open 48 hours after the announcement of the Un-Audited Financial Results for the Second Quarter and Half Year ended 30 September 2026

Re-lodgement status August 2026

• No physical share re-lodgement requests were received in August 2026.
• No requests were processed, approved, or rejected; average processing time is not applicable.

Financial Highlights

• Standalone revenue from operations ₹70,182.91 Lakh; PAT ₹3,837.15 Lakh.
• Standalone EBITDA ₹7,965.96 Lakh; EBITDA margin 11.35%.
• Consolidated revenue from operations ₹74,005.68 Lakh; PAT ₹4,285.38 Lakh.
• Consolidated EBITDA ₹8,885.79 Lakh; EBITDA margin 12.01%.
• ROCE (Consolidated) 19.37%; ROE 12.82%.
• Consolidated EPS ₹32.95; Standalone EPS ₹29.51.
• Standalone Debt-Equity 0.14x; Consolidated Debt-Equity 0.17x.

Dividend & Capital Allocation

• Dividend for FY2025-26: ₹2.50 per Equity Share (25%), aggregate ₹325.11 Lakh.
• Final ₹1.50 and Special ₹1.00 per share components disclosed.

Governance & Audit

• Dr. Rahul Mirchandani reappointed as MD for 2027-2032; Special Resolution.
• Mr. Nrupang Bhumitra Dholakia reappointed independent director 2027-2032.
• Cost Auditor remuneration ₹3,67,000 plus GST.
• Ms. Nitya Mirchandani eligible for up to 1% of net profits as promoter director (FY2027).
• Audit Committee noted ₹1.79 Crore related party over-limit with overseas subsidiary; ratified.
• Secretarial Audit flagged RPT over-limit; corrective measures implemented.

CSR & ESG Highlights

• CSR spend ₹68.52 Lakh; 3-year average net profit ₹34.25 Crore; CSR obligation ₹68.49 Lakh.
• Farmer outreach: over 54,948 farmers engaged via 3,958+ meetings.
• Brand partnerships: Brand Champion MoU with Sourav Ganguly.
• Shubham 2025 delivered nationwide farmer outreach; digital reach ~565k.

Operations & Growth Initiatives

• Saykha facility expanded to 6,000 MT; total installed capacity 101,400 MT.
• New depots: Siliguri; Vijayawada automated depot with Plantomycin license.
• Amarak Chemicals FZC relocated Sulphur Bentonite plant to JAFZA, Dubai.
• Group labs & automation: Vijayawada labs; Nashik automated warehouse; Hyderabad stacking system.

Digitization & Technology

• Aries Everywhere app; Track & Trace; AIMS; Khazaana; Soil Test Reporting; E-Parivahan.
• Online banking and digital payments accounted for ~99% of customer payments.
• Drone training, remote sensing, and precision ag initiatives accelerated.

Outlook & Risks

• FY2026-27 booked online: ₹1,084.40 crore across 1,788 dealers; expected gross revenue ₹1,010 crore.
• Outlook: geopolitical tensions, El Niño risk, and China fertilizer exports ongoing concerns.
• Inventory expansion, automation, backward integration to mitigate volatility.

Subsidiaries & Group Structure

• Subsidiaries: Aries Agro Equipments Pvt Ltd; Mirabelle Agro Manufacturing Pvt Ltd (Indian).
• Overseas associate: Golden Harvest Middle East FZC; Amarak Chemicals FZC (associate via GHME).

Dividend entitlement details

• Security: Equity shares.
• Record date: 22 September 2026.
• Purpose: entitlement to Dividend-2025-26.

Dividend payment timeline

• Payment date: on or before 23 October 2026.

July 2026 re-lodgement status

• Month covered: July 2026 for SEBI special window re-lodgement.
• No requests received during July 2026.
• No requests processed, approved, or rejected in July 2026.
• Average processing time: NA.
• Intimation to stock exchanges under SEBI circular.

Rating actions

• Long-term bank facilities upgraded to CRISIL A-/Stable from CRISIL BBB+/Positive.
• Short-term bank facilities upgraded to CRISIL A2+ from CRISIL A2.

Instruments/Ratings

• Long-term bank facilities: CRISIL A-/Stable (Upgraded from BBB+/Positive) by CRISIL Ratings.
• Short-term bank facilities: CRISIL A2+ (Upgraded from A2) by CRISIL Ratings.

Rationale

• Rationale for upgrade not disclosed in the filing.

Outlook

• Long-term outlook: Stable; no separate short-term outlook provided.

Material changes since last rating

• Outlook changed from Positive to Stable; ratings upgraded accordingly.

June 2026 re-lodgement status

• Monthly report on Special Window Re-Lodgement of Shares for June 2026.
• No. of approvals during month: NIL.
• No. of rejections during month: NIL.
• No. of requests processed during month: NIL.
• No. of requests received during month: NIL.
• Average processing time (days): NIL.