Promoters of Aeron Composite held 12,532,000 equity shares as of March 31, 2026, confirming that no encumbrance was created on these shares during the financial year 2025-26. The disclosure was submitted to the National Stock Exchange of India Limited by Chirag Chandulal Patel, Promoter and Managing Director, on behalf of the promoter and promoter group.

The filing was made pursuant to Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulation, 2011. This regulation requires promoters to disclose the status of their shareholding, specifically regarding any encumbrance, directly or indirectly, other than those previously disclosed.

The declaration covers the promoter and promoter group along with persons acting in concert. The list includes 56 entities and individuals, ranging from HUFs and private limited companies to LLPs and individuals. Notably, the document specifies that persons listed from serial number 22 to 56 hold NIL shares.

Promoter Group Entities

The list of entities and individuals forming the promoter group includes:

The confirmation of non-encumbrance provides clarity to shareholders regarding the free status of the promoter's holding, indicating that the shares are not pledged or otherwise charged as security for any liabilities.

aeron composite reported a revenue of Rs 221.8 Cr for the financial year ended March 31, 2026, with a Profit After Tax (PAT) of Rs 8.7 Cr. The company achieved an EBITDA of Rs 18.8 Cr, reflecting an EBITDA margin of 8.5% for the period. The financial performance was disclosed in an investor presentation submitted to the National Stock Exchange of India Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015.

The company’s operational highlights include a 23% revenue CAGR over five years and a 28% PAT CAGR over the same period. Aeron Composite’s Return on Equity (RoE) stood at 8.3%, while Return on Capital Employed (RoCE) was 11.5% for FY26. The company operates as a 360 FRP Solutions Provider, manufacturing and supplying Fiber Glass Reinforced Polymer (FRP) products such as Pultruded Products, Moulded Gratings, Rods, and newly introduced Rebar.

Financial Highlights

The company’s financials for the past five years show a steady growth trajectory, with total income reaching Rs 224.6 Cr in FY26. The cost of materials consumed was Rs 118.7 Cr, and total expenditure stood at Rs 212.6 Cr. The balance sheet indicates a net worth of Rs 110 Cr, with shareholders' funds comprising share capital of Rs 17 Cr and reserves and surplus of Rs 92.7 Cr.

Operational Expansion

Aeron Composite commissioned a fully integrated 51,671 sq. mtr. manufacturing facility at Mehsana, Gujarat, expanding its installed capacity to 22,000 MT. The new facility is now fully operational, with production capacity successfully ramped up to its full 22,000 MT capacity as committed. The expansion supports the company's entry into the GFRP Rebar segment, with commercial sales starting in March 2025.

The company’s strategic priorities include scaling for tomorrow, foraying into Carbon Fiber Reinforced Polymer (CFRP) products, and strengthening its green edge through a 1,200 KW solar plant. Aeron Composite plans to expand rebar capacity from two to five lines by FY27 and increase Rebar Bend production lines from four to eight by H1FY27.

Global Footprint

Export revenue contributed 52% of the total revenue in FY26, with the company selling its products in over 39 countries worldwide. The diverse application portfolio serves industries including telecommunications, oil & gas, and renewable energy. The company holds ISO 9001:2015 certification and is recognized as a “Two Star Export House” under the Foreign Trade Policy 2023.