AERT News & Events

Aeries Technology files to sell 1.36M Class A ordinary shares for holders

Aeries Technology announced that at the 2026 Annual General Meeting held on March 3, the Company's shareholders approved the share consolidation resolutions as described in the Company's definitive proxy statement filed with the Securities and Exchange Commission on February 6. Although the Company's shareholders have approved the share consolidation resolutions, the Company does not intend to implement a share consolidation in the near term. The Board of Directors retains the authority to effect a consolidation of the Company's authorized and issued Class A ordinary shares, at a ratio of up to one-for-ten, with the exact ratio to be set at a whole number within this range, as determined by the Board in its sole discretion, and to implement it at such date and time as determined by the Board, provided such implementation occurs prior to the Company's next annual general meeting, if at all, as determined by the Board in its sole discretion. The Company remains focused on strengthening operational performance, including making repurchases of its Class A ordinary shares utilizing the $5M share repurchase program authorized by the Board on March 2, from time to time, in such amounts and at such prices as management deems appropriate.

Aeries Technology announced that its Board of Directors has authorized a share repurchase program of up to $5M of the Company's outstanding Class A ordinary shares over a twelve-month period. The share repurchase authorization reflects the Board's confidence in the Company's strategy, operating trajectory, and long-term growth opportunities.

Aeries Technology announced a new strategic advisory engagement with a global tax and financial advisory firm to support the expansion of its India-based GCC. Under the engagement, Aeries will deliver integrated advisory across people, processes, technology, and infrastructure as the client scales its global delivery footprint. The win reflects continued enterprise demand for advisory-led GCC design and reinforces Aeries' positioning as a strategic partner to global organizations building disciplined, scalable operating platforms. "This engagement reflects the continued evolution of our platform, and the trust global enterprises are placing in Aeries," said Ajay Khare, CEO. "In the third quarter, we delivered improved profitability and positive operating cash flow, enabling us to raise our full-year guidance. We are seeing sustained momentum in our pipeline and increasing enterprise commitment to advisory-led GCC builds, which strengthens our visibility heading into fiscal 2027."