Aeries Technology shareholders approve share consolidation proposal

Aeries Technology Inc. (NASDAQ: AERT) announced that shareholders approved share consolidation resolutions at the company's annual general meeting held March 3, 2026.

The company stated it does not intend to implement a share consolidation in the near term. The board of directors retains authority to effect a consolidation of authorized and issued Class A ordinary shares at a ratio up to one-for-ten, with the exact ratio to be determined by the board at its discretion.

Any implementation must occur before the company's next annual general meeting. The board can set the consolidation date and time at its sole discretion.

Aeries Technology also announced it remains focused on operational performance and making share repurchases through a $5.0 million share repurchase program authorized by the board March 2, 2026. The company plans to conduct repurchases from time to time in amounts and at prices management deems appropriate.

The share consolidation resolutions were described in the company's definitive proxy statement filed with the Securities and Exchange Commission on February 6, 2026.

Aeries Technology provides AI-powered business transformation and global capability center services, partnering with private equity firms and enterprise clients.

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