Aeroflex Industries grants 9,500 ESOPs at ₹180 and re-appoints auditors
Aeroflex Industries Limited granted 9,500 ESOPs at ₹180 per share and re-appointed statutory auditors for a five-year term starting FY26-27. The Board also appointed internal and cost auditors for FY26-27 and promoted five employees to Senior Management Personnel roles.
*this image is generated using AI for illustrative purposes only.
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:
| Particulars | Details |
|---|---|
| Statutory Auditor | M/s. Shweta Jain & Co. LLP (Term: 5 years from FY26-27) |
| Internal Auditor | M/s. D M Jain & Co. (FY 2026-27) |
| Cost Auditor | M/s. Rampurawala Mohammed A & Co. (FY 2026-27) |
| ESOPs Granted | 9,500 options at ₹180 per share |
| New Senior Management Personnel | 5 employees promoted effective June 18, 2026 |
Historical Stock Returns for Aeroflex Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.29% | +18.09% | +31.86% | +168.62% | +191.87% | +199.54% |
How will the recent promotions in R&D and export sales influence Aeroflex's product innovation and global market expansion over the next fiscal year?
What is the expected impact of the new ESOP grants on employee retention rates as the company scales its operations?
With the exercise price set at ₹180, what are the internal growth targets required to ensure the ESOPs remain attractive for employees?
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