Aeroflex Enterprises has notified the stock exchanges of an upcoming Board of Directors meeting, scheduled for Wednesday, May 13, 2026, at 03:30 p.m. The intimation has been filed pursuant to Regulation 29(1) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Agenda Items for the Board Meeting

The board meeting has been convened to transact several significant businesses. The following agenda items are scheduled for consideration:

Trading Window Closure

In accordance with the Company's Code of Conduct to Regulate, Monitor and Report Trading by Designated Persons, the trading window for dealing in the securities of the company has been closed for all Directors, Designated Persons, Connected Persons, and their immediate relatives. The closure took effect from Wednesday, April 01, 2026, and shall remain in force until Friday, May 15, 2026.

This communication was issued further to the company's earlier communication dated March 26, 2026. The intimation has been signed by Alka Premkumar Gupta, Company Secretary & Compliance Officer (Mem No: A35442), on May 07, 2026.

Aeroflex Enterprises Limited has successfully completed the sale of its entire 68% equity stake in subsidiary MR Organisation Limited to Ingersoll-Rand Industrial U.S., Inc for ₹222.87 crores. The transaction was finalized on April 30, 2026, marking the company's strategic exit from the compressor parts and services business. With this completion, MR Organisation Limited has ceased to be a subsidiary of Aeroflex Enterprises Limited effective April 30, 2026.

Transaction Completion Details

The company announced the successful transfer and sale completion through an official communication to stock exchanges on April 30, 2026. As per the Share Purchase and Subscription Agreement (SPSA) terms, Aeroflex Enterprises received the primary consideration of ₹222.87 crores on the completion date. The remaining balance will be received subject to customary post-closing conditions mentioned in the SPSA.

Original Transaction Framework

The Board of Directors had initially approved this strategic divestment on April 29, 2026, at a board meeting that commenced at 4:00 p.m. and concluded at 4:48 p.m. The original announcement indicated a sale consideration of ₹22,742 lakhs, with completion expected within 120 days of signing the Share Purchase and Subscription Agreement.

Financial Impact Assessment

MR Organisation Limited represented a significant portion of Aeroflex Enterprises' consolidated operations. The subsidiary's contribution to the parent company's financial performance demonstrated its substantial operational footprint within the group structure.

Strategic Implications

The transaction represents a significant milestone for Aeroflex Enterprises Limited as it exits the compressor parts and services business segment. The company has indicated its commitment to evaluate opportunities for deploying the proceeds in a manner that maximizes long-term shareholder value. Ingersoll-Rand Industrial U.S., Inc, the acquirer, brings over 160 years of experience in compressed air solutions, offering expertise in air compressors, nitrogen generators, and PET compressors.

The sale was executed outside the Scheme of Arrangement with necessary regulatory compliance, including shareholder approval obtained at an extraordinary general meeting held on January 27, 2026, in accordance with SEBI regulations. Company Secretary and Compliance Officer Alka Premkumar Gupta signed the official communication confirming the transaction completion.