Aerpace Industries Limited has scheduled a postal ballot to seek shareholder approval for the issuance of up to 1,50,00,000 convertible warrants to NK Family Private Trust, part of the promoter group, to raise ₹48,82,50,000. The warrants are priced at ₹32.55 each, comprising a face value of Re. 1 and a premium of ₹31.55. The remote e-voting facility will commence on July 10, 2026, at 9:00 A.M. IST and conclude on August 8, 2026, at 5:00 P.M. IST. Each warrant is convertible into one fully paid-up equity share within 18 months from the date of allotment.

The ballot includes resolutions for the appointment of Mr. Anand Manoj Shah as Managing Director for a period of three years commencing from May 12, 2026, with an annual remuneration not exceeding ₹36,00,000. Shareholders will also vote on the appointment of Ms. Anshu Shukla Pandey as a Non-Executive Independent Director for a term of five years effective July 10, 2026. Additionally, the board has appointed Mr. Nikunj Pramodkumar Kampani and Mr. Rajnish Kumar as advisors to the Board of Directors effective July 10, 2026, without voting rights.

Related Party Transactions and Borrowing Powers

The notice seeks approval for material related party transactions with Aerpace Robotics Private Limited, Aerpace Supercars Private Limited, and Aerpace Consultancy Private Limited. The aggregate value of transactions with Aerpace Robotics and Aerpace Consultancy shall not exceed ₹100 crore each, while transactions with Aerpace Supercars shall not exceed ₹105 crore. These transactions are intended to support business operations and financial requirements on an arm’s length basis.

Shareholders are also requested to approve an increase in the company's borrowing powers under section 180(1)(c) of the Companies Act, 2013. The board proposes to increase the total borrowing limit to ₹500 crore to meet expansion plans and working capital requirements. The appointment of M/s. Pravesh Palod & Associates as Secretarial Auditors to fill a casual vacancy is also on the agenda.

Issue Details

Aerpace Industries Limited has detailed its strategic vision for the aerVerse integrated ecosystem, a connected universe designed to synchronize mobility, energy, infrastructure, and intelligence into a single operational system. The company announced this initiative through a communication to BSE Limited on June 30, 2026, explaining that its various verticals are interdependent components aimed at solving the challenges of future connected mobility.

The aerVerse ecosystem is built upon six primary layers: aerWing, aerCar, aerDock, aerVolt, aerShield, and aerOS. Rather than operating as independent businesses, these verticals are designed to function collectively. aerWing serves as the hydrogen-powered aerial mobility platform, supporting personal transportation, air taxis, cargo logistics, and emergency medical response through its variants: aerDrive, aerTaxi, aerCargo, and aerCare.

To ensure seamless connectivity, aerCar is developed to manage the first and last mile of journeys, integrating with aerial platforms to provide a continuous air-ground mobility experience. Supporting this transportation network is aerDock, a decentralized infrastructure of intelligent hubs. These hubs are envisioned to facilitate autonomous transportation, charging, green hydrogen production, refueling, logistics, and maintenance, while also acting as community-centric economic centers.

The energy requirements of this infrastructure are addressed by aerVolt, the renewable energy division focused on AI-enabled solar technologies. aerVolt is intended to power aerDock hubs and produce the green hydrogen necessary for aerWing operations. Additionally, the company is developing aerShield, a layer of indigenous autonomous systems for surveillance and tactical logistics, and aerOS, an in-house digital backbone designed to synchronize the entire ecosystem in real time.

aerVerse Ecosystem Components

The company stated that the integration of these layers creates a self-sustaining ecosystem where infrastructure produces green hydrogen to fuel mobility, while intelligence synchronizes operations. This structure is intended to eliminate technological silos and establish a foundation for sustainable mobility and economic development in regions with limited traditional infrastructure.