Aarti Industries Limited has formally submitted applications to the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) on August 3, 2026, seeking no-objection for the reclassification of Mrs. Ratanben Premji Gogri’s shareholding. The move aims to shift her stake from the 'Promoter' and 'Promoter Group' category to the 'Public' category, a structural change affecting 13,77,330 shares, or 0.38% of the company’s total equity. This submission follows the Board of Directors’ approval on July 30, 2026, aligning disclosures with Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Board approved the reclassification during a meeting held on July 30, 2026, which commenced at 02:15 p.m. and concluded at 06:30 p.m. The decision was taken after a formal request by Mrs. Ratanben Premji Gogri. While the Board’s approval is recorded, the reclassification is conditional upon receiving necessary clearance from the stock exchanges. Until formal approval is granted by the exchanges, the shareholding pattern remains technically unchanged in official records.

Shareholding Details

The reclassification pertains specifically to the holdings previously categorized under the Promoter Group. The table below outlines the specific shareholding data associated with this change:

Regulatory Compliance and Submission

The process is governed by Regulation 30 and Regulation 31A of the SEBI (LODR) Regulations, 2015, which mandate accurate categorization of shareholders for transparency. Aarti Industries notified both exchanges of the development on July 30, 2026, and subsequently filed the formal application on August 3, 2026. The communication was signed by Raj Kumar Sarraf, Company Secretary of Aarti Industries Limited, bearing ICSI Membership Number A15526. The digital signature timestamp indicates the document was finalized on August 3, 2026, at 21:28:56 IST. This filing serves as an update to the previous intimation issued on June 3, 2026.

Aarti Industries has appointed Suyog Kotecha as its Managing Director and Chief Executive Officer, effective October 1, 2026. The Board of Directors approved the transition on July 30, 2026, marking a significant shift in governance as three promoter-group directors move to non-executive roles. This succession plan aims to professionalize executive management while retaining strategic oversight from the founding family. The appointment is subject to shareholders' approval.

The leadership change follows a review by the Nomination and Remuneration Committee (NRC) on July 30, 2026. Kotecha, currently the CEO and Executive Director, will assume the additional role of Managing Director for a term of five years. Simultaneously, Rajendra V. Gogri, Rashesh C. Gogri, and Renil R. Gogri will transition from their executive positions to non-executive board roles. The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Leadership Restructuring Details

The restructuring separates operational execution from strategic oversight. Kotecha joins the board with no reported relationship conflicts or SEBI disqualifications. The promoter directors will continue to guide the company’s long-term vision through their new board titles.

Strategic Rationale

Management stated that this transition reflects Aarti Industries' evolution into an institution with professionally led executive management. Since joining as CEO in June 2024, Kotecha has focused on strengthening strategic execution and organizational capabilities. The Board cited his demonstrated leadership and strategic vision as key factors in the decision.

Rajendra Gogri noted that the transition strengthens the institution through planned succession and robust governance. He expressed confidence in Kotecha’s ability to lead the company with the same spirit of excellence that has defined Aarti Industries for over four decades. Rashesh Gogri added that the promoters remain committed to providing strategic oversight to support the executive team during this growth phase.

Renil Gogri emphasized the company’s commitment to innovation and sustainable value creation for stakeholders. Kotecha stated he is honored by the trust reposed in him and aims to strengthen global competitiveness and customer relationships. The Board meeting concluded at 6:30 pm on July 30, 2026, with Company Secretary Raj Sarraf signing the disclosure.