Aeroflex Industries has fixed Tuesday, July 14, 2026, as the record date to determine shareholder eligibility for a final dividend of ₹0.40 per equity share. The dividend, recommended by the Board on May 05, 2026, is for the financial year ended March 31, 2026, and is subject to approval by shareholders at the ensuing Annual General Meeting. If approved, the payout will be made on or before August 19, 2026, subject to tax deduction at source.

The company reported a 17.5% increase in consolidated revenue from operations to ₹441.94 crore for FY26, compared to ₹376.23 crore in the previous year. This growth was driven by higher sales in the assemblies segment and the commercialisation of new liquid cooling solutions for data centres. EBITDA for the year rose 26.2% to ₹99.74 crore, with the margin expanding to 22.6% from 21.0% in FY25. Profit after tax stood at ₹55.53 crore, while cash profit increased 27.9% to ₹81.60 crore.

Operational Performance

The product mix evolved during FY26, with assemblies and others emerging as the largest revenue contributor at 52% of total sales, up from 51% in the previous year. Stainless steel flexible hoses accounted for 43% of revenue. The newly introduced SFN Skid Assemblies for liquid cooling contributed 5% to revenue, generating ₹21.2 crore from the sale of 617 units. The company is expanding its manufacturing capacity for these skids from 6,000 units per annum to 15,000 units per annum by Q2FY27.

Exports remained a key growth driver, contributing 69% of total revenue during the year. The Americas remained the largest market, accounting for 59% of exports, followed by Europe at 27% and Asia at 11%.

Financials and Dividend

The Board of Directors has recommended a final dividend of 20%, equivalent to ₹0.40 per equity share of face value ₹2 each, for FY26. The company maintained a debt-free balance sheet as of March 31, 2026, with cash and bank balances of approximately ₹70 crore.

Strategic Developments

During the year, the company completed a preferential allotment of 30,10,398 equity shares at an issue price of ₹182.70 per share, raising ₹54.99 crore. The proceeds are being utilised for long-term working capital and general corporate purposes. Additionally, the company’s wholly-owned subsidiary, Hyd-Air Engineering, recorded significant infrastructure upgrades and achieved strong revenue growth during the year.

Aeroflex Industries Limited granted 9,500 Employee Stock Options (ESOPs) to eligible employees and re-appointed its statutory auditors for a five-year term during its Board meeting on June 18, 2026. The Board approved the re-appointment of M/s. Shweta Jain & Co. LLP as Statutory Auditors for the second term of five consecutive financial years, commencing from the conclusion of the 32nd Annual General Meeting until the conclusion of the 37th Annual General Meeting, subject to shareholder approval. The firm holds a valid peer review certificate and has experience auditing listed companies in India.

The meeting also sanctioned the re-appointment of M/s. D M Jain & Co., Chartered Accountants, as Internal Auditor for the financial year 2026-27. Additionally, M/s. Rampurawala Mohammed A & Co., Cost Accountants, were appointed as Cost Auditor for the financial year 2026-27. These appointments were recommended by the Audit Committee pursuant to the Companies Act, 2013 and SEBI (LODR) Regulations, 2015.

ESOP Grants and Management Changes

The Board granted 9,500 Employee Stock Options to selected eligible employees under the Aeroflex Industries Limited Employee Stock Options Plan 2024. The exercise price for these options is fixed at ₹180 per share. The scheme is compliant with the SEBI (SBEB) Regulations, 2021, and vested options will be exercisable within a maximum period of one year from the date of vesting.

Furthermore, the Board approved the categorization of five eligible employees as Senior Management Personnel (SMP). The individuals promoted include Mr. Shah Alam as General Manager - R & D - Engineering and Design, Mr. Anshul Gupta as Vice President- Export Sales, and Mr. Narender Bhakhri as General Manager Procurement & Supply Chain. Mr. Akshay Sadashiv Parab was appointed as Sr Manager - Sales and Marketing – Domestic, and Mr. Prem Prakash Sharma as General Manager-Bellows.

Auditor and Management Details

The following table summarizes the key appointments and management changes approved by the Board: