Aris International Limited has strengthened its board structure with the appointment of two additional directors during a board meeting held on 05th February, 2026. The appointments were made following recommendations from the Nomination and Remuneration Committee and are subject to approval by the company's members.

Board Appointments Details

The company's board approved the following appointments during the meeting:

Director Profiles

Mr. Santosh Babarao Hambare brings valuable experience in accounting functions to the board. He possesses working knowledge of financial records, compliance requirements, and basic corporate procedures. His expertise is expected to contribute to the company's financial oversight and governance processes.

Mr. Eknath Ramkrushna Bade joins as an Independent Director with experience in accounting and finance. He has working knowledge of basic accounting principles, statutory compliances, and financial reporting. His independent perspective will enhance the board's decision-making capabilities.

Meeting Details

The board meeting commenced at 04:00 p.m. and concluded at 04:30 p.m. on 05th February, 2026. The appointments comply with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and relevant SEBI Master Circulars.

Corporate Governance Enhancement

Neither of the newly appointed directors holds directorship or committee membership in other listed entities. The company has confirmed that there are no relationships between the appointed directors and existing board members. These appointments reflect Aris International Limited's commitment to strengthening its corporate governance framework and board expertise in financial and accounting domains.

Several major international airlines have suspended flights to Middle Eastern destinations as security concerns escalate over potential conflict involving Iran. The cancellations affect multiple carriers and routes across the region, impacting travel to key destinations including Israel, Saudi Arabia, Qatar, and the United Arab Emirates.

Flight Cancellations by Major Carriers

The following airlines have implemented immediate flight suspensions:

Air France made the decision to cancel flights between Paris and Dubai on Friday and Saturday, temporarily halting service to the emirate due to the current situation in the Middle East. KLM, the Dutch arm of the Air France-KLM group, has implemented more extensive suspensions, halting flights to Dubai, Riyadh and Dammam in Saudi Arabia, and Tel Aviv until further notice.

US Military Presence and Iran Tensions

The flight cancellations coincide with increased speculation about potential US military action against Iran. United Airlines and Air Canada specifically suspended flights to Israel in response to these heightened concerns. President Donald Trump announced that a massive naval force was heading toward Iran, telling reporters on Air Force One: "We have an armada. We have a massive fleet heading in that direction, and maybe we won't have to use it."

The United States has significantly increased its security presence around Iran as war fears continue to escalate, prompting airlines to take precautionary measures to ensure passenger and crew safety.

Official Responses and Security Assessments

Despite the airline industry's cautious approach, neither European nor Israeli aviation authorities have issued specific security warnings regarding air travel to the region. The Israel Defence Forces confirmed on Friday that military recommendations for the Israeli public remain unchanged.

IDF Spokesman Brig. Gen. Effie Defrin stated: "Ahead of Shabbat, I want to say to all Israeli citizens—the IDF is optimally prepared both for defence and offense. It's important to emphasise there is no change in the Home Front Command guidelines; we will make sure to update you if there is any change."

Regional Impact and Ongoing Developments

The flight disruptions affect major travel hubs across the Middle East, with Dubai, Tel Aviv, Riyadh, and Dammam among the key destinations experiencing service interruptions. Iran's Supreme Leader Ayatollah Ali Khamenei has accused the US of plotting against the Iranian government, stating: "We do not intend to lead the country toward war. However, we will not just let go of the criminals inside the country either."

The situation continues to develop as airlines monitor security conditions and government advisories. The precautionary flight cancellations reflect the aviation industry's priority on passenger safety amid the volatile regional security environment.