Gem Aromatics Limited shareholders approved the company’s audited financial statements for the fiscal year ended March 31, 2026, during its 29th Annual General Meeting held on August 19, 2026. The meeting, conducted via video conferencing in compliance with SEBI Listing Regulations and the Companies Act 2013, focused on board restructuring, director remuneration approvals, and the adoption of standalone and consolidated financial statements.

The statutory auditors, M/s. Chhajed & Doshi, Chartered Accountants, issued an unqualified report for FY26, with no adverse remarks or qualifications noted in either the Auditor’s Report or the Secretarial Auditor’s Report from M/s. N. L. Bhatia & Associates.

Voting Results Overview

The scrutinizer’s report reveals strong shareholder backing for all 13 resolutions. Out of a total shareholding of 5,22,37,138 shares, approximately 4,13,07,542 votes were polled, representing a 79.08% participation rate. Promoter and promoter group shareholders, holding 3,00,08,139 shares, voted unanimously (100%) in favour of every resolution through remote e-voting.

Public institutional shareholders, holding 30,65,424 shares, also cast all their polled votes (15,29,258) in favour. Dissent was minimal among public non-institutional shareholders, who hold 1,91,63,575 shares. Across most resolutions, more than 99.8% of polled votes from this segment were in favour.

Board Appointments and Reappointments

Shareholders passed ordinary resolutions to reappoint Mrs. Kaksha Vipul Parekh, who retires by rotation, as a director. Similarly, Mr. Yash Parekh, Managing Director and Chief Executive Officer, was reappointed after retiring by rotation.

The meeting also approved several special resolutions regarding board composition:

• Appointment of Mr. Dinesh Vasu Thekkepanakkal as a Whole-Time Director effective May 21, 2026.
• Appointment of Mr. Nandan Narula as a Non-Executive Independent Director for a five-year term starting May 21, 2026.
• Approval of consultancy fees for Mr. Shrenik Kishorbhai Vora, Non-Executive Non-Independent Director.

Remuneration packages for the balance of their current terms were approved for Mrs. Kaksha Vipul Parekh (Whole-Time Director and CFO), Mr. Yash Parekh (MD & CEO), and Mr. Vipul Parekh (Whole-Time Director).

Governance and Auditors

The company ratified the remuneration for M/s. Y. R. Doshi & Associates Cost Accountants as Cost Auditors for FY27. Additionally, M/s. N. L. Bhatia & Associates were appointed as Secretarial Auditors.

During the proceedings, Mrs. Kaksha Vipul Parekh recused herself from voting on agenda items related to her own appointment and remuneration, as well as those concerning other interested directors. Mr. Nandan Narula, Independent Director and Chairman of the Audit Committee, assumed the chair for these specific items to ensure compliance with conflict-of-interest protocols.

What the Numbers Show

The presence of 62 members at the AGM, comprising seven promoters and 55 public shareholders, indicates broad participation in the governance process. The clean audit report for FY26 suggests no material irregularities in financial reporting or corporate functioning during the period under review. The near-unanimous support from both promoter and public shareholders underscores confidence in the board’s proposed strategic and governance changes.

The meeting concluded at 1:07 pm IST after a question-and-answer session where management addressed member queries regarding company operations and strategy.

Gem Aromatics Limited will convene its 29th Annual General Meeting (AGM) on Wednesday, August 19, 2026, via Video Conferencing (VC) or Other Audio-Visual Means (OAVM). The meeting, scheduled for 11:30 A.M. (IST), aims to transact ordinary business including the adoption of financial statements for FY26 and special business involving key governance appointments. Shareholders are advised to register their email addresses with depositories to receive future communications digitally and ensure voting eligibility.

The company dispatched electronic copies of the Annual Report and AGM notice on July 28, 2026, to members registered with KFin Technologies Limited, its Registrar and Share Transfer Agent (RTA). Pursuant to Regulation 36(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, physical letters containing weblinks were sent to shareholders without registered email IDs as of July 24, 2026. The newspaper advertisement intimating the completion of dispatch was published on July 29, 2026, in Financial Express and Mumbai Lakshadeep.

Governance Agenda and Director Appointments

The Board has proposed several resolutions for shareholder approval at the AGM. Key items include the regularization of Dinesh Vasu Thekkepanakkal as Whole-Time Director and Nandan Narula as Independent Director for five-year terms commencing May 21, 2026. Additionally, the company seeks consent for consultancy fees for Shrenik Kishorbhai Vora up to ₹ 25,00,000 per annum.

Salary caps for existing Whole-Time Directors require shareholder consent. The proposed remuneration limits are detailed below:

Auditor Ratification and Compliance

The AGM agenda includes the appointment of M/s. Y. R. Doshi & Associates as Cost Auditors and M/s. N. L. Bhatia & Associates as Secretarial Auditors. These appointments align with statutory requirements under the Companies Act, 2013. Akshita Deepak Gohil, Company Secretary & Compliance Officer, signed the disclosure filed with BSE Limited and National Stock Exchange of India Limited.

E-Voting Process and Deadlines

Shareholders holding shares as of the cut-off date, August 12, 2026, are eligible to vote. Remote e-voting is facilitated by National Securities Depository Limited (NSDL) and will be active from Friday, August 14, 2026, at 9:00 A.M. IST, until Tuesday, August 18, 2026, at 5:00 P.M. IST. Members who vote remotely can attend the AGM but cannot vote again during the meeting. Those who have not voted remotely may cast their votes during the VC session.