Aztec Fluids & Machinery Limited has successfully secured shareholder approval for its Employee Stock Option Plan 2025 (ESOP 2025) through postal ballot voting. The company announced the voting results on December 30, 2025, in compliance with Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Postal Ballot Results and Regulatory Compliance

The remote e-voting process, conducted through Bigshare Services Private Limited, concluded successfully with both resolutions receiving requisite majority approval. The company submitted detailed voting results to BSE Limited, confirming full regulatory compliance.

Approved Special Resolutions

Shareholders approved two special resolutions related to the ESOP 2025 through the postal ballot notice dated November 21, 2025:

ESOP 2025 Framework

The approved Employee Stock Option Plan includes comprehensive features designed to align employee interests with company growth:

Implementation and Documentation

The company has maintained full regulatory compliance throughout the process, with Managing Director Pulin Vaidhya (DIN: 03012651) signing the official communication to BSE Limited. The voting results and scrutinizer's report are being made available on the company's website at www.aztecindia.org and the e-voting platform at www.bigshareonline.com .

With shareholder approval secured, Aztec Fluids & Machinery can now proceed with implementing the ESOP 2025, marking a significant milestone in its employee engagement strategy and long-term growth initiatives. The plan extends benefits to subsidiary company employees, broadening the organizational impact of this employee empowerment initiative.

Aztec Fluids & Machinery Limited (AFML) has reported a significant increase in its consolidated profit for the half-year ended September 30, 2025. The company's financial performance shows robust growth, with nearly complete utilization of its Initial Public Offer (IPO) proceeds.

Financial Highlights

AFML posted a consolidated profit of Rs 422.68 crore for the half-year ended September 30, 2025, marking a 41.7% increase from Rs 298.25 crore in the previous period. The company's revenue from operations rose to Rs 4,892.04 crore, up from Rs 4,235.33 crore in the preceding half-year.

Operational Performance

The company's operational efficiency is evident from its improved profit margins. Despite a 12% increase in total revenue, AFML managed to boost its profit before tax by 51.1%, indicating effective cost management and operational optimization.

IPO Proceeds Utilization

AFML has made significant progress in utilizing its IPO proceeds. Out of the total Rs 2,412 crore raised, the company has utilized Rs 2,411.71 crore, leaving only Rs 0.29 crore unutilized. This represents a 99.99% utilization rate of the IPO funds.

The IPO proceeds were allocated as follows:

1. Acquisition of equity shares of Jet Inks Private Limited: Rs 1,399.71 crore
2. Repayment of certain borrowings: Rs 372 crore
3. General corporate purposes: Rs 640 crore

The company stated that the remaining Rs 0.29 crore pertains to a foreign shareholder, for whom the remittance process is currently underway.

Balance Sheet Strength

As of September 30, 2025, AFML's balance sheet shows a strong financial position:

• Total assets increased to Rs 10,327.90 crore from Rs 8,880.73 crore as of March 31, 2025
• Shareholders' funds (including reserves and surplus) grew to Rs 5,434.78 crore from Rs 5,012.09 crore

Future Outlook

The substantial growth in revenue and profitability, coupled with the strategic utilization of IPO proceeds, positions AFML for potential future expansion and market opportunities. The company has not provided specific forward-looking statements at this time.