Aeroflex Enterprises Limited Sells 68% Stake in MR Organisation Limited for ₹22,742 Lakhs
Aeroflex Enterprises Limited has approved the divestment of its 68% stake in MR Organisation Limited to Ingersoll-Rand Industrial U.S., Inc for ₹22,742 lakhs, representing the company's strategic exit from the compressor parts and services business. The subsidiary contributed 13.53% to consolidated turnover and 7.34% to consolidated networth in FY 2024-2025.
*this image is generated using AI for illustrative purposes only.
Aeroflex Enterprises Limited announced on April 29, 2026, that its Board of Directors has approved the sale of its 68% equity stake in subsidiary MR Organisation Limited to Ingersoll-Rand Industrial U.S., Inc for a cash consideration of ₹22,742 lakhs. The decision was taken at a board meeting held on Wednesday, April 29, 2026, which commenced at 4:00 p.m. and concluded at 4:48 p.m. The transaction marks the company's strategic exit from the compressor parts and services business carried on through its subsidiary.
Transaction Details
The Board approved the Share Purchase and Subscription Agreement to be entered with Ingersoll-Rand Industrial U.S. Inc, MR Organisation Limited, and its shareholders. The sale consideration of ₹22,742 lakhs is subject to customary closing conditions. Upon successful completion of the transaction, MR Organisation Limited will cease to be a subsidiary of Aeroflex Enterprises Limited. The expected date of completion is within 120 days of signing the Share Purchase and Subscription Agreement.
| Parameter: | Details |
|---|---|
| Sale Consideration: | ₹22,742 lakhs |
| Agreement Date: | April 29, 2026 |
| Expected Completion: | Within 120 days |
| Transaction Type: | Cash consideration |
Financial Impact of Subsidiary
MR Organisation Limited has been a significant contributor to the company's consolidated financials. For the financial year 2024-2025, the subsidiary's financial performance relative to the parent company was as follows:
| Particulars: | Consolidated Amount of MRO (FY 2024-2025) | Percentage of Company Consolidated (FY 2024-2025) |
|---|---|---|
| Turnover: | 7,824.82 Lakhs | 13.53% |
| Networth: | 6,038.23 Lakhs | 7.34% |
Buyer Information and Regulatory Compliance
Ingersoll-Rand Industrial U.S., Inc, described as a global leader with over 160 years of presence in compressed air solutions, offers a wide range of air compressors, nitrogen generators, and PET compressors. The buyer does not belong to the promoter, promoter group, or group companies of Aeroflex Enterprises Limited. The transaction is not classified as a related party transaction and is being conducted at arm's length.
The sale is being executed outside the Scheme of Arrangement. The company has obtained necessary shareholder approval at an extraordinary general meeting held on January 27, 2026, in compliance with Regulation 37A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations. The disclosure was made under Regulation 30 read with Para A Part A of Schedule III of the SEBI LODR Regulations, 2015.
Historical Stock Returns for Aeroflex Enterprises
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.08% | +3.77% | +41.95% | +8.56% | +16.26% | +58.22% |
How will Aeroflex Enterprises redeploy the ₹22,742 lakhs cash proceeds from this divestiture?
What impact will losing 13.53% of consolidated turnover have on Aeroflex's revenue guidance for FY 2026-27?
Will Ingersoll-Rand's acquisition of MR Organisation create new competitive pressures for Aeroflex in adjacent markets?
20
Access Market Heat-map & Insights 
Create, Save & Share your Screener 
Use 200+ Screening Filters 
