Aerpace Industries has appointed Madhur Sanjay Jajoo as an additional director in the category of non-executive independent director. The appointment takes effect on September 9, 2026.

The Board of Directors approved the move during its meeting held on September 8, 2026. The appointment is subject to shareholder approval.

Appointment Details

Mr. Jajoo will serve a consecutive term of five years, from September 9, 2026, to September 8, 2031. He does not hold any shares in the company and is not related to any existing director as defined under Section 2(77) of the Companies Act, 2013.

Profile and Expertise

Mr. Jajoo is a qualified Chartered Accountant and an associate member of the Institute of Chartered Accountants of India (ICAI). He is a partner at SKMJ & Associates with approximately six years of professional experience.

His expertise spans accounting, financial governance, internal audit, and management consultancy. He possesses specialized experience in the healthcare sector and extensive exposure to the oil and gas industry, including city gas distribution. He advises clients on financial management, regulatory compliance, and internal controls.

The company confirmed that Mr. Jajoo is not debarred from holding the office of director pursuant to any SEBI order or order of any such authority.

Aerpace Industries has scheduled its 15th Annual General Meeting (AGM) for Wednesday, September 30, 2026. The meeting will be held via Video Conferencing or Other Audio Visual Means at 3:30 pm.

The primary agenda includes the adoption of standalone and consolidated financial statements for FY26. The company reported a total income of ₹403.96 crore for the year ended March 31, 2026, against a net loss of ₹1,200.29 crore. This compares to a net loss of ₹483.67 crore in FY25.

What the Numbers Show

The widening loss trajectory highlights the capital-intensive nature of the company's current phase. While total income grew from ₹302.06 crore in FY25 to ₹403.96 crore in FY26, pre-tax losses more than doubled from ₹495.69 crore to ₹1,222.55 crore. This divergence suggests that operational scaling or project implementation costs outpaced revenue generation during the period.

Financial Performance

Board and Governance Updates

Shareholders will vote on the re-appointment of two directors retiring by rotation:

• Mr. Sanjay Ram Takale
• Mr. Prem Singh Rawat

The board also seeks approval for the appointment of M/s. Dipti Nagori & Associates as Secretarial Auditor for five years, commencing from FY27. Additionally, a special resolution will ratify remuneration for Mr. Prem Singh Rawat, capped at ₹40 lakh for FY27.

Voting and Attendance

Remote e-voting opens on September 26, 2026, and closes on September 29, 2026. Members holding shares as of the record date, September 23, 2026, are eligible to vote. Physical attendance is not permitted.