Aeroflex Neu Limited's Board of Directors convened on Friday, May 08, 2026, to approve the Audited Standalone and Consolidated Financial Results for the quarter and financial year ended March 31, 2026. The meeting, held pursuant to Regulation 30 and 33(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, commenced at 03:30 p.m. and concluded at 04:30 p.m. The statutory auditors, M/s H R Jain & Co. (Firm's Registration No. 000262C), issued their audit reports with an unmodified opinion on both the standalone and consolidated financial statements. Subsequently, in compliance with Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company published an extract of the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026 in newspapers on Sunday, May 10, 2026.

Regulatory Disclosure and Newspaper Publication

The extract of the audited financial results was published in two newspapers to ensure wider public dissemination as required under SEBI regulations. The publication details are as follows:

Key Outcomes of the Board Meeting

The board approved the Audited Financial Results (Standalone and Consolidated) for the quarter and financial year ended March 31, 2026, along with the Auditor's Report. Additionally, the board approved the Audited Financial Statements (Standalone and Consolidated) for FY2025-26, including the Balance Sheet as on March 31, 2026, Statement of Profit and Loss, and Cash Flow Statement. M/s A. Modi & Co., Chartered Accountants (FRN: 005753C) were re-appointed as Internal Auditor for FY2026-27.

Consolidated Financial Performance

The consolidated financial results for the quarter and year ended March 31, 2026 reflect the performance of Aeroflex Neu Limited and its subsidiary, Fibcorp Polyweave Private Limited. As per the officially published newspaper extract, the company reported a net profit of ₹175.13 lakhs for FY26, compared to ₹23.03 lakhs in FY25. Paid-up equity share capital remained at ₹2,579.60 lakhs, while reserves stood at ₹7,039.86 lakhs as at March 31, 2026, compared to ₹6,144.73 lakhs in the previous year.

Standalone Financial Performance

On a standalone basis, the company reported a net profit of ₹117.04 lakhs for FY26, compared to ₹17.31 lakhs in FY25. Other equity stood at ₹7,491.67 lakhs as at March 31, 2026, compared to ₹5,764.36 lakhs in the previous year.

Segment Performance

The consolidated segment-wise revenue and results for the year ended March 31, 2026 are presented below (₹ in lakhs):

Geographically, domestic (India) revenue for FY26 stood at ₹4,431.49 lakhs, while revenue from outside India was ₹8,986.96 lakhs, out of a total income of ₹13,418.45 lakhs.

Balance Sheet and Cash Flow Highlights

The consolidated balance sheet as at March 31, 2026 reflects total assets of ₹14,476.66 lakhs, up from ₹12,772.16 lakhs in the previous year. Total equity increased to ₹10,519.46 lakhs from ₹8,724.33 lakhs. On the consolidated cash flow front, net cash inflow from operations stood at ₹288.88 lakhs for FY26, while net cash inflow from financing activities was ₹1,090.47 lakhs, driven by money received against share warrants of ₹1,620.00 lakhs. The net increase in cash and cash equivalents on a consolidated basis was ₹1,378.42 lakhs. On a standalone basis, net cash inflow from operations was ₹525.83 lakhs, net cash inflow from investing activities was ₹100.12 lakhs, and net cash inflow from financing activities was ₹977.59 lakhs, resulting in a net increase in cash and cash equivalents of ₹1,603.54 lakhs.

Warrant Allotment Note

On July 25, 2025, the company allotted 72,00,000 warrants to promoters and non-promoters at a price of ₹90/- per warrant, aggregating to ₹6,480 lakhs, convertible into an equal number of equity shares of face value ₹10/- each. Of the issue price, ₹22.50/- per warrant (25%) was paid upfront, with the balance 75% payable at the time of conversion. The warrants are exercisable within 18 months from the date of allotment. As at the close of the year, none of the warrant holders had exercised the conversion option.

Aeroflex Neu Limited (formerly known as Sah Polymers Limited) has submitted its Statement of Deviation and Variation in Utilisation of Funds Raised, as required under Regulation 32(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing pertains to the quarter and year ended 31st March, 2026, and was reviewed by the Audit Committee before being taken on record by the Board on May 08, 2026.

Fund Raising Details

The company raised funds through the allotment of convertible warrants on a preferential basis. The key parameters of the fund raise are summarised below:

Of the total amount raised of Rs. 6,480 Lakhs, proceeds of Rs. 1,620 Lakhs — representing 25% of the issue price — have been received by the company. The remaining 75%, amounting to Rs. 4,860 Lakhs, is to be received at the time of conversion of warrants into equity shares, within 18 months from the date of allotment of the warrants.

Utilisation of Funds

The company has reported the utilisation of funds across the stated objects as of the quarter ended 31st March, 2026. The following table presents the object-wise allocation and utilisation (amounts in Rs. Lakhs):

Audit Committee and Auditor Observations

The Statement of Deviation and Variation was reviewed by the Audit Committee, which offered no comments. Similarly, the auditors have not raised any comments in connection with the fund utilisation. No deviation or variation has been reported in the objects or purposes for which the funds were raised, the amount of funds actually utilised against original disclosures, or any change in contract terms referred to in the fund-raising document.

The filing was signed by Alka Premkumar Gupta, Company Secretary (Membership No: A35442), on behalf of Aeroflex Neu Limited, dated May 08, 2026.