Ambica Agarbathies Aroma & Industries Limited adopted its audited financial statements for the fiscal year ended March 31, 2026, during its 31st Annual General Meeting (AGM) held on September 29, 2026. The company also secured shareholder approval for the reappointment of key leadership figures.

The meeting, conducted via video conferencing, saw all three proposed resolutions pass with a requisite majority. Shareholders voted in favor of adopting the annual accounts, reappointing Shri Ambica Ramachandra Rao as Director, and continuing the tenure of Shri Ambica Krishna as Chairman and Managing Director.

Voting results and attendance

The AGM was attended by 65 shareholders either in person or through proxies, alongside electronic voting participants. The total number of shareholders as on the record date stood at 8,489. The e-voting period ran from September 26 to September 28, 2026.

Leadership continuity

Shri Ambica Krishna, who serves as the Chairman and Managing Director, was reappointed through a special resolution. This indicates strong promoter confidence in the current management structure. Shri Ambica Ramachandra Rao, retiring by rotation, was also reappointed as a director via an ordinary resolution.

What the numbers show

A significant concentration of voting power is evident in the results. The Promoter and Promoter Group held 7,457,532 shares, accounting for approximately 43.4% of the total outstanding shares of 17,177,400. However, they cast votes for all 7,457,532 shares they held. In contrast, Public Non-Institutional shareholders, holding 9,719,868 shares, voted only 2,634,093 shares, representing roughly 27.1% participation from this group. The unanimous support from promoters ensured the passage of all resolutions despite lower public participation.

Ambica Agarbathies promoter group increased its total shareholding to 46.08% following a preferential allotment of 8,48,600 equity shares. The transaction, valued at ₹2,12,15,000, was disclosed under SEBI (SAST) Regulations on August 29, 2026.

The Board had previously approved the issue at an price of ₹25 per share, including a premium of ₹15 over the face value. The allotment raised the company’s total equity capital from ₹17,17,74,000 to ₹18,02,60,000.

Shareholding Changes

The preferential issue was fully subscribed by four promoter entities, each acquiring 2,12,150 shares. This acquisition brought the combined holding of the promoter group and persons acting in concert (PAC) from 43.41% to 46.08%.

The remaining promoter group members retained their existing stakes, with no changes in pledged shares except for a nominal reduction in percentage terms due to dilution. Ramachandra Rao Alapati G N V S A continues to hold 2,000 pledged shares.

Corporate Governance Updates

The Board appointed Mr. Jineshwar Kumar Sankhala as the scrutinizer for the voting process at the upcoming AGM. The notice for the 31st Annual General Meeting, scheduled for September 29, 2026, along with the Directors’ report and annexures, was approved during the board meeting held on August 25, 2026.