Aerpace Industries Limited shareholders approved nine resolutions through a postal ballot process that concluded on August 8, 2026. The approvals cover key leadership appointments, including Anand Manoj Shah as Managing Director and Ms. Anshu Shukla Pandey as a Non-Executive Independent Director, as well as multiple material related party transactions (RPTs) with group entities. The company also secured shareholder consent to increase its borrowing powers under Section 180(1)(c) of the Companies Act, 2013, and to issue warrants on a preferential basis.

The postal ballot notice was issued on July 9, 2026, with a corrigendum released on July 20, 2026, to address rectifications required by BSE Limited. As of the record date on July 3, 2026, the company had 20,870 equity shareholders. The remote e-voting period commenced on July 10, 2026, at 09:00 A.M. and ended on August 8, 2026, at 05:00 P.M., facilitated by National Securities Depository Limited (NSDL). Pravesh Palod of Pravesh Palod & Associates was appointed as the scrutinizer by the Board of Directors on July 9, 2026, pursuant to Sections 108 and 110 of the Companies Act, 2013, and Rule 22 of the Companies (Management and Administration) Rules, 2014.

All nine resolutions were passed by the shareholders. For resolutions involving related party transactions, including the appointment of the Managing Director and approvals for transactions with Aerpace Consultancy Private Limited, Aerpace Robotics Private Limited, Aerpace Supercars Private Limited, and Aerpace Consultancy Private Limited again, votes cast by the Promoter and Promoter Group were treated as invalid and excluded from the voting results. This exclusion involved 66,175,605 votes from the promoter group. The remaining resolutions, including the appointment of secretarial auditors and the issuance of warrants, did not involve promoter vote exclusions.

The scrutinizer’s report, dated August 10, 2026, confirms that the e-voting module was disabled after the deadline and votes were unblocked in the presence of independent witnesses Mr. Asad Khan and Ms. Sanyam Patidar. The data was reconciled with the Register of Members and depository records as of the cut-off date. The management affirmed its responsibility for compliance with the Companies Act, 2013, Ministry of Corporate Affairs circulars, and SEBI Listing Regulations.

What the Numbers Show

The voting results demonstrate strong shareholder support for the company’s governance and strategic initiatives. The borrowing power increase and warrant issuance resolutions received over 99.9% approval from valid votes, indicating minimal opposition among participating non-promoter shareholders. The exclusion of promoter votes in related party transaction resolutions ensures that these approvals reflect the independent judgment of public shareholders, adhering to regulatory requirements for conflict-of-interest management.

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.