Aeroflex Neu Limited shareholders will vote on material related party transactions (RPTs) valued up to ₹390 crore and the appointment of two new independent directors at the company’s 34th Annual General Meeting (AGM) on August 25, 2026. The meeting, scheduled for 11:00 a.m. at the registered office in Udaipur, also includes a special resolution to modify the utilization of proceeds from a previous preferential issue. Remote e-voting opens on August 20, 2026, with a cut-off date of August 18, 2026, for determining voting eligibility.

The agenda centers on four ordinary resolutions approving RPTs with Lion Houseware Private Limited (LHPL), Safe Polymer Private Limited (SPPL), Mr. Asad Daud, and Mrs. Shehnaz D. Ali. These transactions involve land acquisition, loans, and investments aimed at expanding into office complexes, data centers, and hospitality infrastructure. Additionally, the Board seeks shareholder consent to re-appoint Mr. Asad Daud as a director retiring by rotation.

Related Party Transaction Details

The proposed RPTs are structured to support the company’s strategic expansion into new verticals. Loans extended to LHPL and SPPL carry an interest rate of 12% per annum, are repayable on demand, have a tenure of three years, and are unsecured. The aggregate values and nature of these dealings are detailed below:

Mr. Asad Daud, a Non-Executive Director, controls LHPL, while Mrs. Shehnaz D. Ali is his relative. The Audit Committee has reviewed these transactions, confirming they are on an arm’s length basis and in the ordinary course of business.

Preferential Issue Modification

A special resolution seeks to modify the objects of a preferential issue of 72,00,000 fully convertible warrants approved in June 2025. The company aims to expand the utilization of ₹4,000 lakh of proceeds towards Data Centers and hospitality businesses, including hotels and resorts. This change aligns fund deployment with emerging opportunities in AI Parks, IT Parks, and residential complexes.

Board Appointments

Shareholders will also vote on the appointment of Mr. Arpit Kalani and Mr. Tapan Tanmay Kothari as Independent Directors for a term of five years, commencing July 15, 2026. Both were appointed as Additional Directors by the Board on July 15, 2026, based on the recommendation of the Nomination and Remuneration Committee.

What This Means for Shareholders

Investors must ensure their names appear in the register by August 18, 2026, to participate in e-voting via Central Depository Services (India) Limited (CDSL). The Register of Members remains closed from August 19 to August 25, 2026. Approval of the RPTs is critical for the execution of the company’s expansion plans into high-growth infrastructure sectors.

Aeroflex Neu will close its Register of Members and Share Transfer Books from August 19, 2026, to August 25, 2026, to finalize the list of shareholders eligible for its 34th Annual General Meeting. This book closure period determines which investors hold records as of the cutoff date and thus possess voting rights and dividend entitlements associated with the upcoming meeting. The closure ensures regulatory compliance with corporate governance standards regarding shareholder communication and voting procedures.

The announcement was made pursuant to Section 91 of the Companies Act, 2013, and Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. These regulations require listed entities to inform stock exchanges and shareholders of any restrictions on share transfers during specific periods related to general meetings or dividend declarations. The intimation was submitted to both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India Limited (NSE) on August 03, 2026.

Book Closure Details

During this seven-day window, no transfer or transmission of shares will be processed by the company. Investors intending to trade shares must ensure transactions are settled before the closure begins to maintain their status as registered members. Conversely, those looking to acquire shares after the record date will not be eligible to participate in the 34th AGM.

The notice was issued by Alka Premkumar Gupta, Company Secretary of Aeroflex Neu Limited, bearing membership number A35442. The document was digitally signed and timestamped on August 03, 2026, at 12:25:13 IST. As per standard market practice, the closure dates are inclusive, meaning the restriction applies fully on both August 19 and August 25. Shareholders are advised to check their folio status if they plan to exercise voting rights or claim any benefits announced during the AGM.