Aeroflex Enterprises Ltd

Acquisition details

• Board approved acquisition of 7,27,040 equity shares of Stilonn Valves and Controls Private Limited for ₹16,00,21,504.
• Post-completion, Aeroflex Neu Limited will own 51.01% of Stilonn Valves and Controls Private Limited, making Stilonn a subsidiary.
• Acquisition to be executed in one or more tranches via share purchase and subscription under SPA/SS and SHA.
• Stilonn Valves and Controls Private Limited manufactures precision engineering products for AI Infra and Data Centre.
• Acquisition is part of Aeroflex Neu Limited's AI Infra and Data Centre platform initiative.
• Disclosure of the approval to stock exchanges has been made.

Expansion plan overview

• SS Hose & Braiding capacity to 30 million meters per annum.
• Liquid Cooling SFN Skid Assemblies capacity reached 12,000 per annum; 3,000 more by Dec 2026.
• Additional Liquid Cooling facility planned to reach 30,000 pieces per annum by Mar 2028.
• Investments: ₹124 crore for SS Hose & Braiding plant; ₹78 crore for Liquid Cooling facility.
• Total estimated capex ₹202 crore; financing via internal accruals, equity, and bridge loan.
• Completion expected in phases by March 2028.
• Disclosure to stock exchanges has been made.

Clarification on volume movement

• Movement in share volume/price deemed market-driven; management not connected to it.
• Commitment to timely disclosures of material information under SEBI LODR.

PAN freeze

• PAN of Designated Persons frozen at security level during closure (ISIN INE065D01027).

Key details

• Target Company: Aeroflex Enterprises Ltd.
• Disclosing Party: A Flex Invest Private Limited (Promoter Group).
• Transaction Type: Acquisition of equity shares by promoter group.
• Date: 17 September 2026.

Transaction details

• Target Company: Aeroflex Enterprises Limited (formerly SAT Industries Limited).
• Disclosing Party: A Flex Invest Private Limited, Promoter Group.
• Transaction Type: Acquisition of equity shares.
• Pre-Transaction Holding: 83,47,500 shares, 7.38% voting.
• Transaction Details: 1,75,700 shares acquired at Rs 120.25, open market.
• Post-Transaction Holding: 85,23,200 shares, 7.54% voting.
• Date of Transaction: September 17, 2026.
• Equity capital before: Rs. 22,63,28,400; 11,31,64,200 shares.
• Equity capital after: Rs. 22,63,28,400; 11,31,64,200 shares.
• Total diluted capital after: Rs. 22,66,98,000; 11,33,49,000 shares.

AGM details

• AGM held on September 8, 2026 at 11:00 AM via VC/OAVM.
• Voting cut-off date: September 1, 2026.

Key resolutions

• Resolution 1 (Ordinary): Adopt standalone and consolidated financial statements; passed.
• Resolution 2 (Ordinary): Declare final dividend for FY2025-26; passed.
• Resolution 3 (Ordinary): Re-appoint Harikant Ganeshlal Turgalia as director; passed.
• Resolution 4 (Special): Re-appoint Uma Manoj Mandavgane as Independent Woman Director for second term; passed.
• Resolution 5 (Special): Alter MOA object clause; passed.
• Resolution 6 (Special): Increase limits under Section 186; passed.

Dividend

• Final dividend on equity shares for FY2025-26 declared; per-share amount not disclosed.

Directors

• Harikant Ganeshlal Turgalia re-appointed as director (rotation).
• Uma Manoj Mandavgane re-appointed as Independent Woman Director for a second five-year term.

Auditors

• No changes to statutory, secretarial, or cost auditors reported.

Material related party transactions

• No material related party transactions disclosed.

Other material approvals

• Alteration of object clause of the Memorandum of Association; approved.
• Increase in the limits under Section 186; approved.

Voting pattern

• Resolutions 1–3 approved with no notable dissent; Resolutions 4–6 had minor opposing votes.