Annual Report 2025-2026

F.BSE-NSE/QPA/0259 2ndSeptember, 2026 Listing Department Listing Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot No. C/1, G. Block Dalal Street, Mumbai-400001 Bandra Kurla Complex, Bandra (E) Mumbai-400051 Ref: SCRIP CODE: 532935/ARIES Sub: Annual Report-2025-26 Dear Sir, As required by Regulation 34(1)(a) of theSEBI (LODR) Regulations, 2015, attached please find thesoft copy of the Annual Report-2025-26. Kindly take the same on your records. Thanking you, Yours faithfully For Aries Agro Limited QaiserP. Ansari Company Secretary & Compliance Officer Encls: a/a ANISO9001COMPANY:QualityManagementSystem:ISO9001:2015Certified Regd.Office:AriesHouse,PlotNo.24,Deonar,Govandi(E),Mumbai400043. CIN:L99999MH1969PLC014465 Phone:+9122 25529000,25564052/53 Fax:+912225564054,25571711 Email:ariesagro@ariesagro.com Website:www.ariesagro.com (CIN : L99999MH1969PLC014465) 56th Annual Report 2025 - 2026 BOARD OF DIRECTORS STATUTORY AUDITOR M/s Kirti D. Shah and Associates Dr. Rahul Mirchandani Chairman & Managing Director INTERNAL AUDITOR M/s K. Narayanan & Associates Mrs. Nitya Mirchandani Mr. Ramamurthy Sundaresan COST AUDITOR Non-Executive-Non Independent Directors M/s R. Nanabhoy & Co. Mr. Nrupang Bhumitra Dholakia SECRETARIAL AUDITOR Mr. R. V. Balasubramaniam Iyer Mr. Sekar Ananthanarayan Dr. Shailesh Ramesh Karnik Independent Directors BANKERS HDFC Bank Limited AUDIT COMMITTEE AXIS Bank Limited Mr. Nrupang Bhumitra Dholakia - Chairman ICICI Bank Limited Mrs. Nitya Mirchandani YES Bank Limited Mr. R. V. Balasubramaniam Iyer DBS Bank India Limited Dr. Shailesh Ramesh Karnik BRANCHES/STOCK LOCATIONS STAKEHOLDERS RELATIONSHIP COMMITTEE Ahmedabad, Gujarat Mr. Nrupang Bhumitra Dholakia - Chairman Bangalore, Karnataka Dr. Rahul Mirchandani Bathinda-Punjab Mrs. Nitya Mirchandani Bhubaneshwar-Orissa Thanjavur-Tamil Nadu NOMINATION & REMUNERATION COMMITTEE Ghaziabad-Uttar Pradesh Mr. R. V. Balasubramaniam Iyer - Chairman Guwahati-Assam Mr. Nrupang Bhumitra Dholakia Hissar- Haryana Dr. Shailesh Ramesh Karnik Hyderabad-Telangana Imphal-Manipur ADMINISTRATIVE COMMITTEE Indore-Madhya Pradesh Dr. Rahul Mirchandani - Chairman Jabalpur-Madhya Pradesh Mrs. Nitya Mirchandani Jaipur-Rajasthan Mr. Nrupang Bhumitra Dholakia Jalandhar-Punjab Jalpaiguri-West Bengal CORPORATE SOCIAL RESPONSIBILITY COMMITTEE Kolkata-West Bengal Dr. Rahul Mirchandani - Chairman Lucknow-Uttar Pradesh Mrs. Nitya Mirchandani Nagpur-Maharashtra Mr. Nrupang Bhumitra Dholakia Nashik-Maharashtra Nipani-Karnataka COMPANY SECRETARY AND CHIEF LEGAL OFFICER Patna-Bihar & COMPLIANCE OFFICER Raipur-Chhattisgarh Rajkot-Gujarat Mr. Qaiser Parvez Ansari Ranchi-Jharkhand, Rudrapur-Uttaranchal Mrs. Chhaya Ashok Warrier Sholapur-Maharashtra Group Controller-Finance(CFO) Sriganganagar-Rajasthan Phulwama-Jammu & Kashmir Registered Office: Aries Agro Limited Vijayawada-Andhra Pradesh (CIN: L99999MH1969PLC014465), Aries House, Plot No 36 (Old Plot No. 24), Deonar, MANUFACTURING LOCATIONS Govandi(East), Mumbai-400 043, Mumbai Web Site: www.ariesagro.com, Tel: 22 25529000, Hyderabad Email: investorrelations@ariesagro.com Chhatral Sayakha Lucknow Vijayawada Raipur Fujairah, UAE(Associate Company) 56th Annual Report - 2025-2026 (CIN : L99999MH1969PLC014465) CONTENTS Description Company Page Nos. Highlights Aries Agro Limited 1-3 Chairman’s Letter to Share Holders Aries Agro Limited 4-7 Notice & Agenda Aries Agro Limited 8-23 Aries Agro Equipments Private Limited 182-183 Mirabelle Agro Manufacturing Private Limited 238-239 Board’s Report Aries Agro Limited 24-46 Aries Agro Equipments Private Limited 184-211 Mirabelle Agro Manufacturing Private Limited 240-269 Auditors Report Aries Agro Limited-Standalone 84-93 Aries Agro Limited- Consolidated 130-135 Golden Harvest Middle East FZC 167 Aries Agro Equipments Private Limited 212-217 Mirabelle Agro Manufacturing Private Limited 270-274 Reports & Accounts Balance Sheet as at 31st March, 2026 Aries Agro Limited-Standalone 94 Aries Agro Limited- Consolidated 136 Golden Harvest Middle East FZC 168 Aries Agro Equipments Private Limited 218 Mirabelle Agro Manufacturing Private Limited 275 Statement of Profit & Loss for the year ended at 31st March, 2026 Aries Agro Limited-Standalone 95 Aries Agro Limited- Consolidated 137 Golden Harvest Middle East FZC 169 Aries Agro Equipments Private Limited 219 Mirabelle Agro Manufacturing Private Limited 276 Cash Flow Statements Aries Agro Limited-Standalone 96 Aries Agro Limited- Consolidated 138 Golden Harvest Middle East FZC 170 Aries Agro Equipments Private Limited 220 Mirabelle Agro Manufacturing Private Limited 277 Statement of Changes in Equity Aries Agro Limited-Standalone 97 Aries Agro Limited- Consolidated 139 Golden Harvest Middle East FZC 171 Aries Agro Equipments Private Limited 221 Mirabelle Agro Manufacturing Private Limited 278 Notes to Accounts Aries Agro Limited-Standalone 98-128 Aries Agro Limited- Consolidated 140-166 Golden Harvest Middle East FZC 172-181 Aries Agro Equipments Private Limited 222-237 Mirabelle Agro Manufacturing Private Limited 279-297 Report on Corporate Governance Aries Agro Limited 47-65 Management Discussion and Analysis Report Aries Agro Limited 66-78 Report on Corporate Social Responsibility Aries Agro Limited 79-80 Environmental, Social and Governance Report Aries Agro Limited 81-83 Statement pursuant to Section 129 of the Companies Act, 2013 129 2 56th Annual Report - 2025-2026 (CIN : L99999MH1969PLC014465) FINANCIAL HIGHLIGHTS - STANDALONE ( ₹ in Lakhs unless stated otherwise) Particulars FY 2025-26 FY 2024-25 FY 2023-24 FY 2022-23 FY 2021-22 FY 2020-21 Revenue from Operations (Gross) 91,764.02 77,854.84 66,403.63 60,996.84 54,752.45 47,449.83 Revenue from Operations (Net of Discounts / Rebates) 70,182.91 59,787.00 50,771.82 46,988.20 43,180.54 38,145.65 Total Income 71,791.24 60,557.82 51,406.18 48,316.39 44,829.72 38,668.68 Earnings Before Interest, Tax, Depreciation & Amortisation 7,965.96 6,717.54 6,122.66 6,011.34 5,650.82 6,239.55 (EBITDA) EBITDA % 11.35 11.24 12.06 12.79 13.09 16.36 Profit Before Depreciation and Tax 6,304.14 4,951.11 3,923.42 3,697.63 3,220.37 3,646.34 Profit Before Depreciation and Tax % 8.98 8.28 7.73 7.87 7.46 9.56 Profit Before Tax (PBT) 5,345.33 4,119.99 3,180.53 2,935.56 2,655.02 3,008.19 PBT % 7.62 6.89 6.26 6.25 6.15 7.89 Profit for the Year (PAT) 3,837.15 3,224.99 2,181.26 2,023.48 1,902.38 2,263.91 PAT % 5.47 5.39 4.30 4.31 4.41 5.93 Equity Dividend % 25.00 12.00 10.00 10.00 8.00 8.00 Dividend Payout 0.08 0.05 0.06 0.06 0.05 0.05 Net Worth 31,216.96 27,451.07 24,778.82 22,746.31 20,864.92 19,052.57 Gross Fixed Assets 16,119.48 14,930.37 13,257.77 12,074.17 11,436.53 9,889.34 Net Fixed Assets 9,656.73 9,161.94 7,721.74 6,958.88 6,451.44 5,442.19 Total Assets 59,097.33 54,762.09 49,111.59 49,738.83 48,624.31 47,550.00 Market Capitalisation 42,205.58 32,981.60 31,496.51 19,304.94 17,770.43 10,052.35 Number of Employees 1,365 1,196 1,123 1,047 1,002 958 KEY INDICATORS - STANDALONE Particulars FY 2025-26 FY 2024-25 FY 2023-24 FY 2022-23 FY 2021-22 FY 2020-21 Earnings Per Share - Rs. (Excluding Exceptional Items) 29.51 24.80 16.77 15.56 14.63 17.41 Turnover Per Share - Rs. 539.69 459.75 390.42 361.33 332.05 293.33 Book Value Per Share - Rs. 240.05 211.09 190.54 174.91 160.45 146.51 Debt-Equity 0.14 0.14 0.26 0.43 0.53 0.75 EBITDA / Gross Turnover % 8.68 8.63 9.22 9.86 10.32 13.15 Net Profit Margin % 5.47 5.39 4.30 4.31 4.41 5.93 RONW or ROE % 13.08 12.35 9.18 9.28 9.53 12.62 ROCE % 19.32 18.29 16.69 15.70 15.66 16.57 Inventory Turnover (in days) - on NET Sales 67 75 89 111 124 135 Trade Receivables Turnover (in days) - On NET Sales 45 69 77 84 89 104 Current Ratio 1.82 1.84 1.83 1.71 1.60 1.49 Price Earning Ratio 11.00 10.23 14.44 9.54 9.34 4.44 Market Value per Share 324.55 253.62 242.20 148.45 136.65 77.30 56th Annual Report - 2025-2026 1 (CIN : L99999MH1969PLC014465) FINANCIAL HIGHLIGHTS - CONSOLIDATED ( ₹ in [Showing first 8,000 characters — download PDF for full document]