Dr. Rahul Mirchandani, a promoter of Aries Agro , has increased his shareholding in the fertilizer company through transmission of equity shares from his brother. The transaction was disclosed under regulatory requirements to both major stock exchanges on December 20, 2025.

Share Acquisition Details

The shareholding changes reflect a strategic increase in Dr. Mirchandani's stake in the company through family transmission:

Regulatory Compliance

The disclosure was made pursuant to Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Dr. Mirchandani submitted the required documentation to both the Bombay Stock Exchange Limited and the National Stock Exchange of India Limited, where Aries Agro shares are listed. The formal disclosure letter was digitally signed and submitted from his Mumbai office.

Company Capital Structure

The transaction details show that Aries Agro's equity share capital remained unchanged at ₹13,00,43,390 before and after the acquisition. The total diluted shares and voting capital of the company also remained constant at the same level, indicating that this was a transmission of existing shares rather than a fresh issue of shares.

Promoter Status and Transaction Details

Dr. Rahul Mirchandani belongs to the promoter group of Aries Agro Ltd and holds voting rights corresponding to his shareholding. The acquisition involved shares carrying voting rights, with no encumbrances, warrants, or convertible securities involved in the transaction. All acquired shares represent direct equity participation in the company with full voting privileges. The transmission from his brother represents an intra-family transfer of shareholding within the promoter group.

Aries Agro Ltd. , a leading player in the agricultural inputs sector, has announced its financial results for the fourth quarter, revealing a mixed picture of recovery and ongoing challenges. The company has also declared a dividend, signaling confidence in its financial stability despite the reported loss.

Narrowing Losses

Aries Agro reported a consolidated net loss of ₹37.00 million for the fourth quarter, showing a significant improvement from both the previous quarter and the same period last year. This represents a 34% reduction in losses compared to the ₹56.00 million loss recorded in the corresponding quarter of the previous fiscal year. The improvement is even more pronounced when compared to the third quarter of the current fiscal year, where the company had posted a loss of ₹116.00 million.

Revenue Growth

The company's top line showed positive momentum, with Q4 revenue increasing to ₹1.70 billion. This marks a notable year-over-year growth from ₹1.40 billion in the same quarter of the previous year, representing an approximate 21% increase in revenue.

Financial Performance Overview

Dividend Announcement

Despite the reported loss, Aries Agro's board has recommended a dividend of ₹1.20 per equity share. This decision to distribute dividends, even in a challenging financial environment, may be seen as a gesture to reward shareholder loyalty and demonstrate the company's long-term confidence in its business model.

The dividend announcement, coupled with the narrowing losses and revenue growth, presents a complex picture of Aries Agro's financial health. While the company continues to face profitability challenges, the reduced losses and increased revenue suggest that its turnaround strategies may be gaining traction.

Investors and market analysts will likely be watching closely to see if Aries Agro can build on this momentum to return to profitability in the coming quarters. The agricultural inputs sector, in which Aries Agro operates, remains crucial for India's economy, and the company's performance could be indicative of broader trends in the industry.