Aries Agro Limited announced that at the board meeting held on April 3, 2017, the board accepted the resignation of Dr. Jimmy Mirchandani from the office of the managing director, with immediate effect. Dr. Jimmy Mirchandani will continue to hold office of the director of the company. The board elevated Dr. Rahul Mirchandani, Executive Director as the Managing Director of the company with effect from April 4, 2017.

The board also appointed Dr. Jimmy Mirchandani as the consultant to the company for a period of five years with effect from April 4, 2017 for international exposure and strategic business decisions. The board appointed Dr. Rahul Mirchandani as the Chairman of the board and the company until resolved otherwise. The board also announced re-constitution of the audit committee as Mr. B. V. Dholakia - Chairman; Prof. R. S. S. Mani - Member; and Mrs. Nitya Mirchandani - Member.