Aeries Technology shares surge 28.95% intraday as shareholders approve share consolidation authority.

Aeries Technology surged 28.95% intraday after shareholders approved share consolidation resolutions at the company’s annual general meeting. The resolution grants the board authority to consolidate Class A shares at a ratio of up to one-for-ten, though no consolidation is expected in the near term. The move, combined with the announcement of a $5 million share repurchase program and improved adjusted EBITDA in Q3 FY2026, signals board confidence in the company’s strategic direction and operational performance. These developments are seen as positive catalysts for shareholders, reinforcing Aeries Technology’s ongoing efforts to enhance its financial position and market presence.