Aarti Industries Limited has scheduled its 43rd Annual General Meeting (AGM) for Monday, September 21, 2026. The meeting will commence at 11:00 am via Video Conferencing (VC) or Other Audio-Visual Means (OAVM), in compliance with the Companies Act, 2013, and SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

The company published newspaper advertisements in the Financial Express (English and Gujarati editions) on August 20, 2026, to intimate shareholders of the upcoming meeting. Raj Kumar Sarraf, Company Secretary, confirmed the dispatch of the notice.

Notice and Annual Report Dispatch

In line with Ministry of Corporate Affairs (MCA) and SEBI circulars, the AGM notice along with the Integrated Annual Report for FY26 will be sent only by electronic mode to members whose email addresses are registered with the company, Registrar and Transfer Agent, or Depositories.

Shareholders without registered email addresses will receive a letter containing the web link to access the documents. The notice and annual report will also be available on the company’s website, as well as on the BSE and NSE websites. Remote e-voting facilities will be provided through NSDL.

E-Voting Procedures

Members can cast their votes on the business outlined in the AGM notice through an electronic voting system. The process applies to both dematerialized and physical share holders. Shareholders attending the AGM who have not voted remotely can vote during the meeting via the e-voting system. Queries regarding e-voting can be directed to NSDL at evoting@nsdl.co.in .

Email Registration Updates

The company urged shareholders holding physical shares without registered emails to update their details using Form ISR-1. This form is available on the Registrar and Transfer Agent’s website (MUFG Intime India Private Limited) or the company’s website. Demat account holders must update their email addresses through their respective Depository Participants.

Aarti Industries Limited reported a consolidated net profit after tax (PAT) of ₹155 crore for the quarter ended June 30, 2026, marking a 260% year-on-year increase from ₹43 crore in Q1FY26. The significant bottom-line expansion was driven by a 41% rise in consolidated revenue from operations to ₹2,627 crore and improved EBITDA margins, despite volume degrowth in key segments due to geopolitical tensions in West Asia. Management attributed the performance to an optimized product mix, successful cost-saving initiatives, forex gains, and inventory benefits estimated at ₹50–60 crore.

Financial Performance

Consolidated revenue from operations stood at ₹2,627 crore, reflecting a 41% increase compared to ₹1,864 crore in the corresponding quarter of the previous year. This growth was primarily driven by higher input prices passed on to customers. EBITDA reached ₹385 crore against ₹212 crore in Q1FY26, representing a 79% year-on-year growth. The improvement was supported by product mix optimization, monetization of low-cost inventories, stable demand, and improved realizations for select products.

Standalone revenue from operations grew 37% to ₹2,241 crore from ₹1,636 crore, while standalone PAT surged 227% to ₹144 crore from ₹44 crore. Working capital requirements expanded during the quarter due to higher feedstock prices and increased export volumes, leading to a rise in debt levels and finance costs.

Operational Updates and Outlook

The quarter was marked by geopolitical disruptions in West Asia, impacting the company's Energy business exports, which previously accounted for approximately 15% of revenues from the Middle East region. Volumes in this segment dropped significantly, with West Asia contributions falling to 2% of revenues. However, Aarti Industries successfully redirected significant volumes to other international markets, including the U.S., Europe, and Africa, limiting overall business impact. Overall volumes declined roughly 12% quarter-on-quarter, with energy business volumes down 17% and non-energy business volumes down 7%.

Key operational developments during the quarter include:

• Capacity Expansion: Completed Fuel Additives capacity expansion from 290 KTPA to 360 KTPA in July 2026. Management expects to reach high utilization levels for this expanded capacity in Q2FY27.
• Project Delays: Zone IV expansion and chlorotoluene value chain projects faced 3–6 month delays due to labor constraints and war-related issues; commissioning expected in phases over FY27. The Re Aarti chemical recycling project is also delayed by about 3 months, with commissioning expected in H2 FY27.
• New Products: PEDA and MPP products entered customer qualification phase, with MPP plants expected to operationalize in Q2 FY27.
• Sustainability: Achieved EcoVadis Platinum Rating with a score of 87/100, placing the company in the top 1% globally.
• Strategic Partnerships: The joint venture with Superform Chemistries through Augene Chemicals remains on track for commissioning in Q2FY27, targeting coatings and dyes end markets with higher margin profiles. A new subsidiary in China is planned to enhance sourcing capabilities and market presence.

Suyog Kotecha, Chief Executive Officer & Executive Director, stated that the performance reflects the strength of the diversified portfolio and disciplined execution. He noted that while near-term macroeconomic uncertainties persist, volumes are expected to recover in Q2 as demand scenarios improve. Capital expenditure for the quarter stood at ₹180 crore, keeping the FY27 capex programme on track within the guided range of ₹700–800 crore.

What the Numbers Show

The divergence between volume degrowth and significant profit growth underscores substantial pricing power and cost optimization efficiencies. The EBITDA growth from ₹212 crore to ₹385 crore, outpacing revenue growth, indicates improved margin leverage. This improvement is driven by the optimized product mix, forex gains, and inventory benefits highlighted by management. The successful redirection of exports amidst geopolitical tension, combined with the company's expectation of rising export volumes in Q2 backed by strong overseas demand, further underscores the resilience of Aarti Industries' diversified global customer base. Additionally, the suspension of export tax rebates in China has created favorable opportunities for the company's NCB value chain products, contributing to margin recovery in that segment.