Aeries Technology, Inc. Announces Update on Share Consolidation Proposal

Core Viewpoint - Aeries Technology, Inc. has received shareholder approval for share consolidation resolutions but does not plan to implement them in the near term [2] Group 1: Share Consolidation - Shareholders approved share consolidation resolutions at a ratio of up to one-for-ten (1:10), with the exact ratio to be determined by the Board [2] - The Board retains the authority to implement the share consolidation before the next annual general meeting, if deemed appropriate [2] Group 2: Share Repurchase Program - The Company is focused on enhancing operational performance and has authorized a $5.0 million share repurchase program to buy back Class A ordinary shares [3] - Repurchases will occur at management's discretion regarding amounts and prices [3] Group 3: Company Overview - Aeries Technology, Inc. is a leader in AI-powered business transformation and Global Capability Center (GCC) services [4] - The Company collaborates with private equity firms and enterprise clients to establish global capability centers aimed at driving operational efficiency and long-term value creation [4]