The Board of Directors of aarti industries approved the reclassification of Ratanben Premji Gogri from the Promoter Group to the Public shareholder category on July 30, 2026. This structural change in shareholding classification affects a stake of 13,77,330 shares, which constitutes 0.38% of the company’s total equity. The decision follows a formal request submitted by Ms. Ratanben Premji Gogri and is intended to align the company’s disclosures with Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Board considered the request during a meeting held on July 30, 2026, which commenced at 02:15 p.m. and concluded at 06:30 p.m. The approval granted by the Board is conditional upon receiving necessary clearance from the stock exchanges. Aarti Industries Limited has indicated it will undertake all requisite steps to ensure full compliance with the Listing Regulations following the exchange approvals. This filing serves as an update to a previous intimation issued on June 3, 2026.

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

The reclassification process is governed by Regulation 30 and Regulation 31A of the SEBI (LODR) Regulations, 2015. Under these regulations, companies must disclose changes in the composition of the Promoter Group and ensure accurate categorization of shareholders for transparency purposes. The company notified both the BSE Limited and the National Stock Exchange of India Limited of this development on July 30, 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 July 30, 2026, at 19:36:48 IST. Investors should note that until the stock exchanges formally approve the reclassification, the shareholding pattern remains technically unchanged in official records, though the Board’s intent is clearly documented.

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.