Aerpace Industries Limited has published a corrigendum to its postal ballot notice dated July 09, 2026, in newspapers on July 21, 2026, to incorporate clarifications and additional disclosures regarding the proposed preferential issue of convertible warrants. The update addresses observations from BSE Limited and rectifies inadvertent typographical errors in the shareholding pattern and other details within the original notice. The remote e-voting facility, which commenced on July 10, 2026, remains open until August 08, 2026, for shareholders to cast their votes on the resolutions.

The corrigendum was dispatched through electronic mode on Monday, July 20, 2026, to members whose email addresses were registered with the company or its Registrar and Share Transfer Agent as on the cut-off date of Friday, July 03, 2026. It clarifies that the appointment of Ms. Anshu Shukla Pandey as a Non-Executive Independent Director is for a term of five years commencing from July 10, 2026. This tenure was previously disclosed in the explanatory statement but has now been expressly incorporated into the resolution for greater clarity. Additionally, the company has updated the explanatory statements for Agenda Item No. 2 and Item No. 9 to include the minimum information and disclosures required under SEBI regulations and circulars.

Shareholding Pattern and Valuation Disclosures

The company corrected the shareholding pattern in the postal ballot notice to align exactly with the filing submitted to the stock exchange. These corrections were purely clerical in nature and do not result in any change in the underlying shareholding of the company. Furthermore, the explanatory statement for the preferential issue of warrants has been updated to incorporate the correct particulars of the Independent Registered Valuer, the valuation report, and the issue price of the warrants.

Since the proposed allottee will hold more than 5% of the post-issue fully diluted equity share capital upon conversion of the warrants, the company has obtained a valuation report from an Independent Registered Valuer in compliance with Regulation 166A of the SEBI ICDR Regulations. The company confirmed that the proposed allotment will not result in a change in control, and therefore, the requirement relating to the determination of control premium is not applicable.

Preferential Issue Details

The company seeks shareholder approval to issue and allot up to 1,50,00,000 warrants, convertible into equity shares, at a price of ₹32.55 per equity share. The aggregate amount to be raised is ₹48,82,50,000. The proceeds are intended to be utilized for working capital requirements, business expansion, and general corporate purposes. An amount equivalent to 25% of the warrant exercise price, totaling ₹12,20,62,500, is payable at the time of allotment, with the balance due upon exercise of the warrants within 18 months.

The valuation report obtained from the Independent Registered Valuer has been placed before and considered by the Audit Committee. The report is available for inspection by members and can be accessed on the company's website. The corrigendum forms an integral part of the postal ballot notice, and all other contents and terms of the original notice remain valid except to the extent modified by this document.

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