Aro Granite Industries Ltd. has successfully completed its postal ballot process for the appointment of a new Independent Director, with shareholders demonstrating strong support for the corporate governance initiative. The special resolution was passed with an overwhelming majority on March 24, 2026.

Postal Ballot Results

The company appointed Mr. Varathan Arul (DIN: 11480624) as an Independent Director (Non-Executive) for a five-year term through the postal ballot process. The resolution received exceptional shareholder support across all categories.

Director Appointment Details

Mr. Varathan Arul has been appointed as an Independent Director for a period of five consecutive years, from February 4, 2026, to February 3, 2031. The appointment is not liable to retire by rotation, ensuring continuity in the board's independent oversight function.

Process and Compliance

The postal ballot process was conducted in strict compliance with regulatory requirements under Regulation 44(3) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. M/s. S Panigrahi & Associates, Practicing Company Secretary (FCS: 4522/COP: 27507), served as the scrutinizer for the voting process.

Key Process Parameters:

Regulatory Filings

The company has filed the postal ballot results with both the Bombay Stock Exchange Limited (Scrip Code: 513729) and the National Stock Exchange of India Limited (Symbol: AROGRANITE/EQ) in accordance with listing regulations. The scrutinizer's report confirms that all procedural requirements were met during the voting process.

The appointment strengthens the company's board composition with independent oversight, reflecting shareholders' confidence in the proposed governance structure. The resolution was deemed passed with the requisite majority as per the Companies Act, 2013, and applicable regulations.

Aro Granite Industries Limited announced its audited financial results for the quarter and nine months ended December 31, 2025, following a Board of Directors meeting held on February 04, 2026. The company reported challenging operational performance amid declining revenues and confirmed key governance changes. Additionally, the company fulfilled its regulatory obligations by publishing the results in newspapers.

Board Meeting Outcomes

The Board of Directors meeting commenced at 12:15 P.M. on February 04, 2026, and concluded at 01:30 P.M., addressing several critical matters under SEBI regulations.

Financial Performance Overview

The company's audited financial results for Q3 FY26 showed significant deterioration compared to the previous year, with substantial revenue decline across operations.

Nine-Month Performance Analysis

For the nine months ended December 31, 2025, the company showed mixed results with reduced losses despite lower revenues compared to the previous year.

Segment-wise Revenue Performance

The company operates through two primary business segments with varying performance levels during the quarter and nine-month periods.

The Quartz Division experienced a significant decline of 91.8% in quarterly revenue, while the Granite Slabs/Tiles Division saw a 26.2% decrease compared to the previous year.

Director Appointment and Governance

The Board approved the appointment of Mr. Varathan Arul (DIN: 11480624) as an Additional Director in the category of Non-Executive and Independent Director, effective February 04, 2026.

Mr. Arul brings extensive expertise in manufacturing operations, process optimization, quality control, and operational efficiency. The Board confirmed that he has no inter-se relations with other Board members and is not debarred from holding directorship by any regulatory authority.

Regulatory Compliance and Publication

Pursuant to Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company published its audited financial results in newspapers on February 05, 2026.

Additional Corporate Actions

The Board meeting also addressed several administrative and compliance matters to ensure proper corporate governance.

The company maintains its paid-up equity share capital at Rs. 1,530 lacs with a face value of Rs. 10 each. The audited financial results were prepared in accordance with Indian Accounting Standards (Ind AS) and received an unqualified opinion from statutory auditors Alok Mittal & Associates, Chartered Accountants.