The promoters of Gem Aromatics have confirmed that they did not encumber any shares, directly or indirectly, during the financial year 2025-26. This declaration was submitted to BSE Limited and National Stock Exchange of India Limited on April 10, 2026. The disclosure is intended to inform the exchanges and the Audit Committee of the company regarding the status of promoter shareholding.

The filing was made in accordance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The declaration was signed by Ms. Kaksha Vipul Parekh, Mr. Vipul Parekh, and Mr. Yash Parekh on behalf of the promoters and the promoter group, including Persons Acting in Concert.

Promoter Shareholding Details

The disclosure included an annexure listing the shareholding of the promoter and promoter group. The table below details the shareholding for key entities within the group as of the date of the filing.

Other members of the promoter group, such as Vruta Yash Parekh, Prisha Yash Parekh, and Yash Vipul Parekh HUF, hold nominal shareholding quantities. The list also includes numerous entities within the promoter group that currently hold no shares in the company.

Gem Aromatics Limited has approved the incorporation of a wholly owned subsidiary in Brazil to expand its distribution network for essential oils and aromatic chemicals. The board sanctioned an equity investment of up to ₹2,00,00,000 and a standby letter of credit of ₹15,00,00,000 for the new entity. This strategic move aims to bolster the company's presence in the chemical industry and support its material subsidiary, Krystal Ingredients Private Limited.

The proposed subsidiary in Brazil will operate within the chemical industry, focusing on the distribution of specialty chemicals. The incorporation will adhere to the Foreign Exchange Management Act regulations and necessary approvals from Brazilian authorities. The exact name of the entity will be disclosed upon incorporation. The investments will be infused in one or more tranches in compliance with applicable local laws.

Governance Appointments

The board meeting held on June 23, 2026, also focused on key governance appointments. M/s. RANK & Associates was re-appointed as the Internal Auditor for the financial year 2026-27. The firm, a Category I empanelled auditor with the Comptroller & Auditor General of India and the Reserve Bank of India, brings over 45 years of experience and a team of 125+ professionals.

In a significant governance development, M/s. N. L. Bhatia & Associates was appointed as the Secretarial Auditor for a term of five years, commencing from FY 2026-27 until FY 2030-31. This appointment is subject to shareholder approval. The firm, established in 1996, is recognized for its expertise in the company secretaries profession.

Key Approvals and Investments

The following table summarizes the key approvals and investments sanctioned at the board meeting:

The company will provide further updates regarding the cost of subscription and the final name of the Brazilian entity once the incorporation process is complete.