Aeroflex Neu appoints two independent directors, approves stake sale

Aeroflex Neu Limited appointed Arpit Kalani and Tapan Tanmay Kothari as Additional Independent Directors on July 15, 2026. The Board also approved the sale of its entire 51.01% equity stake in material subsidiary Fibcorp Polyweave Private Limited for ₹192.12 Lakhs. Additionally, the company modified the objects for the utilization of proceeds from a preferential issue of warrants to include investments in IT parks and data centers.

Director Appointments

Based on the recommendation of the Nomination and Remuneration Committee, the Board appointed Mr. Arpit Kalani (DIN: 09734386) and Mr. Tapan Tanmay Kothari (DIN: 11798942) as Additional Directors in the category of Non-Executive Independent Directors. Both appointments are effective from July 15, 2026, for a term of 5 years, subject to shareholder approval via a Special Resolution at the ensuing 34th Annual General Meeting.

Stake Sale in Fibcorp Polyweave

The Board approved the sale of the company's entire holding of 33,884 equity shares of ₹100 each in Fibcorp Polyweave Private Limited. The shares represent 51.01% of the paid-up equity share capital of the subsidiary. The sale consideration is ₹192.12 Lakhs, payable as per the terms of the Share Purchase Agreement with buyers Mr. Murtaza Ali Moti and Mrs. Fatima Moti. The transaction is expected to be completed within 180 days of signing the agreement, following which Fibcorp Polyweave will cease to be a subsidiary.

Detail	Information
Shares sold	33,884 equity shares
Stake sold	51.01%
Sale consideration	₹192.12 Lakhs
Buyers	Mr. Murtaza Ali Moti, Mrs. Fatima Moti
Completion timeline	Within 180 days

Financial Impact of Subsidiary

For the financial year 2025-2026, Fibcorp Polyweave Private Limited contributed 32.65% to the company's total turnover and 6.17% to its net worth. The turnover of the subsidiary stood at 4,217.01, while its net worth was 649.11 for the period.

Modification of Issue Objects

The Board approved the alteration of the objects for the preferential issue of warrants. The revised object clause allows the company to construct, build, operate, and invest in Plug and Play Office Complexes, AI Parks, IT Parks, Data Centers, and residential and industrial complexes, including hospitality-related businesses.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-2.94%	-1.72%	-7.87%	+17.21%	-29.01%	-4.59%

Aeroflex Neu Limited has successfully completed its strategic investment in Stilonn Valves and Controls Private Limited following an earlier board approval. The company has been allotted 2,43,400 equity shares at a price of ₹123.30 per share, aggregating to a total consideration of ₹3,00,11,220. This transaction secures a 19.58% stake in the target entity, marking a step in Aeroflex Neu's inorganic expansion strategy within the industrial solutions sector.

Investment Details at a Glance

The following table summarises the key parameters of the investment as disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015:

Parameter:	Details
Target Entity:	Stilonn Valves and Controls Private Limited
Number of Shares:	2,43,400 equity shares
Price per Share:	₹123.30
Total Consideration:	₹3,00,11,220 (Cash)
Stake to be Acquired:	19.58%
Mode of Consideration:	Cash
Related Party Transaction:	No

About Stilonn Valves and Controls Private Limited

Stilonn Valves and Controls Private Limited, incorporated on September 25, 2013, is engaged in the business of manufacturing and supplying high-precision stainless steel valves and fittings. The company operates with advanced manufacturing and testing facilities to ensure high standards of quality, reliability, and performance in its products. Its product portfolio includes butterfly valves, ball valves, check valves, sight glasses, unions, and allied fittings. The company caters to a diverse range of industries and has a presence in India.

Stilonn Valves: Three-Year Turnover Trend

Stilonn Valves and Controls Private Limited has demonstrated consistent revenue growth over the past three financial years, as detailed below:

Financial Year:	Turnover
FY 2024-25:	₹819.40 Lakhs
FY 2023-24:	₹610.48 Lakhs
FY 2022-23:	₹486.96 Lakhs

Strategic Rationale

According to the disclosure, the acquisition is aligned with Aeroflex Neu's strategy of combining stable, cash-generating businesses with investments in high-growth opportunities. The investment is expected to enhance the company's overall business portfolio and support long-term growth. Aeroflex Neu has also stated that it is strategically expanding its presence in the AI Infrastructure ecosystem, with the proposed inorganic expansion aimed at strengthening capabilities in future-ready technologies, digital infrastructure, and next-generation industrial solutions.