Aeroflex Enterprises Limited has successfully completed the acquisition of an additional 4% equity stake in M.R. Organisation Limited on April 21, 2026. This strategic acquisition represents the third tranche of a comprehensive Share Purchase Agreement originally executed on July 27, 2024.

Transaction Details

The acquisition involved the purchase of 1,03,350 equity shares at a price of ₹539.50 per share, resulting in a total consideration of ₹5,57,57,325. This transaction was executed pursuant to the Share Purchase Agreement dated July 27, 2024 and the Deed of Amendment dated April 21, 2026.

Shareholding Enhancement

Following this acquisition, Aeroflex Enterprises' shareholding in M.R. Organisation Limited has increased from 64% to 68% of the issued and paid-up share capital. This represents a continued strengthening of the company's position in its subsidiary, demonstrating commitment to expanding its presence in the tech-based utility services sector.

About M.R. Organisation Limited

M.R. Organisation Limited operates in the tech-based last-mile utility services sector, serving end-user industries with specialized products and solutions. The company was incorporated on April 05, 2013, and has established a strong market presence over the years.

Business Operations and Market Presence

M.R. Organisation Limited specializes in air compressor parts and kits based on various technologies including centrifugal, oil-free, lubricated, and reciprocating systems. The company has established an extensive operational network across India with presence in all 29 states through 59 locations and 5 strategically positioned warehouses.

The company's international footprint spans 75 countries, with strategic locations in the USA, UK, Belgium, and Portugal to serve global markets effectively. This comprehensive distribution network enables the company to provide fast service and delivery times to customers both domestically and internationally.

Regulatory Compliance

The acquisition was disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The transaction constitutes a related party transaction as it involves increasing the stake in an existing subsidiary. No governmental or regulatory approvals were required for this acquisition, and the transaction was completed as scheduled on April 22, 2026.

Aero Enterprises Limited has informed stock exchanges about a significant GST order received by its subsidiary company, Aeroflex Industries Limited (AIL), under Regulation 30 of the SEBI Listing Regulations. The disclosure was made on April 08, 2026, following the company's receipt of the order from tax authorities.

GST Demand Details

The Office of the Superintendent, Central GST Commissionerate, Raigad has issued an order under Section 74 of CGST Act 2017 against Aeroflex Industries Limited. The order creates a substantial financial demand on the subsidiary company.

Nature of Violation

The GST demand relates to input tax credit issues on expenses incurred in connection with the Initial Public Offering (IPO) and other related matters. The tax period under scrutiny spans from April 2021 to March 2024, covering a three-year period during which the alleged contraventions occurred.

Order Timeline and References

The GST order carries specific reference numbers and was processed through official channels:

Company's Response Strategy

Aeroflex Industries Limited has outlined its approach to address the GST order. The subsidiary intends to file an appeal before the Appellate Authority within the prescribed time limit under the law. The company management has expressed confidence regarding the merits of their case and expects a favorable outcome from the appellate process.

Financial Impact Assessment

Despite the substantial demand amount, AIL does not anticipate any material financial impact from this order. The company's confidence stems from their assessment of the case merits and their planned legal strategy to challenge the demand through proper appellate channels.

The disclosure was signed by Alka Premkumar Gupta, Company Secretary & Compliance Officer, and submitted to both BSE Limited and National Stock Exchange of India Limited as required under listing regulations.