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.

Aerpace Industries reported a narrowed consolidated net loss of ₹415.45 lakh for the quarter ended June 30, 2026, compared to ₹892.79 lakh in the previous quarter. Standalone revenue from operations increased to ₹61.33 lakh, up from ₹50.58 lakh in Q1FY25, while total standalone income rose to ₹137.59 lakh from ₹101.42 lakh year-on-year. The improvement reflects controlled expense growth relative to prior periods, though the company remains in a loss-making position due to high employee benefit and finance costs.

The Board of Directors approved the unaudited financial results at its meeting held on August 11, 2026. Statutory auditors Ramanand & Associates issued a limited review report on both standalone and consolidated results, confirming compliance with Ind AS 34 and Regulation 33 of the SEBI Listing Regulations. The figures for Q4FY25 are balancing figures between audited full-year data and unaudited nine-month figures.

Financial Performance

Standalone expenses totaled ₹499.38 lakh, driven by employee benefits of ₹273.81 lakh and finance costs of ₹74.03 lakh. Other income contributed significantly, rising to ₹76.26 lakh from ₹50.84 lakh in Q1FY25. Consolidated other income was ₹24.86 lakh, while consolidated employee benefits were ₹217.90 lakh.

Key Operational Developments

The company capitalized ₹0.45 crore towards importing machinery under Capital Work-in-Progress (CWIP) during the quarter. Additionally, Aerpace recognized an employee compensation expense of ₹89.36 lakh related to Restricted Stock Units (RSUs) granted under its share-based payment scheme. The group operates in a single segment, with subsidiaries Aerpace Supercars Private Limited and Aerpace General Trading LLC (Dubai, 75% stake) included in consolidation.

Corporate Governance

The Board appointed M/s. Dipti Nagori & Associates as Secretarial Auditors for five consecutive years, commencing FY27 and ending FY31, subject to shareholder approval at the ensuing Annual General Meeting. Ms. Dipti Nagori brings over 15 years of experience in corporate laws and SEBI regulations. The appointment was made based on the Audit Committee’s recommendation pursuant to Regulation 30 of the SEBI Listing Regulations and SEBI Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.