Taneja Aerospace & Aviation Limited shareholders approved the reappointment of Rakesh Duda as Managing Director and Muralidhar Chitteti Reddy as a director during the company’s 37th Annual General Meeting (AGM) held on August 4, 2026. The meeting, conducted via video conferencing from 12:00 p.m. to 12:33 p.m., also saw the adoption of the audited standalone and consolidated financial statements for the fiscal year ended March 31, 2026. These appointments ensure continuity in leadership as the company navigs its operational strategy for the coming year.

The proceedings were conducted in compliance with Regulation 30(2) of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. Ms. Deepa Mathur, Chairperson of the Board, presided over the meeting. Other key participants included Independent Director Mr. Anil Kumar Sahu, Non-Executive Director Mr. Muralidhar Chitteti Reddy, and Managing Director Mr. Rakesh Duda. The Chief Financial Officer, Company Secretary, Statutory Auditor, Secretarial Auditor, and Scrutinizer also participated via video conferencing.

Key Resolutions Passed

Shareholders voted on both ordinary and special business items outlined in the AGM notice dated May 12, 2026. The primary outcomes included:

• Adoption of Financial Statements: Shareholders approved the audited standalone and consolidated financial statements for FY26, including the Balance Sheet as at March 31, 2026, and the Statement of Profit and Loss.
• Director Reappointment: Mr. Muralidhar Chitteti Reddy (DIN: 01621083), who retired by rotation, was reappointed as a Non-Executive Director.
• Managing Director Appointment: Mr. Rakesh Duda was reappointed as Managing Director with effect from May 16, 2026, to June 30, 2027.

Voting Process and Compliance

The company provided a remote e-voting facility that commenced on July 31, 2026, and concluded on August 3, 2026, at 5:00 p.m. IST. E-voting was also available during the AGM for members who had not cast their votes remotely. Members registered as speakers were able to ask questions or express views through the moderator. Queries submitted beyond the cut-off date were requested to be sent in writing for appropriate response.

The voting results, comprising both remote e-voting and e-voting during the meeting, along with the Scrutinizer’s Report, will be submitted to the stock exchanges within two working days of the meeting’s conclusion, in accordance with Regulation 44(3) of the Listing Regulations. The final results will be announced upon receipt of the Scrutinizer’s Report.

Taneja Aerospace & Aviation Limited has executed a Master Restructuring and Transfer Agreement to acquire a controlling stake in the Special Economic Zone (SEZ) Division of Zenith Precision Private Limited. Announced on July 27, 2026, the transaction allows the company to integrate specific operational assets and contracts from Zenith while divesting its broader equity interest in the entity. This strategic move enables Taneja Aerospace to focus on high-value aerospace manufacturing capabilities housed within the SEZ unit, potentially streamlining operations and enhancing vertical integration.

The agreement was filed pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Under the terms of the deal, Taneja Aerospace will transfer its current equity investment in Zenith Precision Private Limited to the promoters of Zenith. Simultaneously, the company or its designated entity will acquire the SEZ Division as a going concern. This structure ensures that Taneja Aerospace retains control over key manufacturing assets while exiting its minority shareholder position in the wider Zenith group.

Transaction Structure

The restructuring involves two primary components designed to isolate the SEZ operations for acquisition:

The acquisition of the SEZ Division includes identified assets, liabilities, employees, contracts, and leasehold rights. By treating the division as a going concern, Taneja Aerospace aims to maintain business continuity without disrupting ongoing production schedules or contractual obligations.

Regulatory Approvals and Conditions

The completion of the transaction is subject to the fulfillment of various conditions precedent. These include obtaining necessary corporate approvals, statutory clearances, regulatory permissions, and contractual consents. Taneja Aerospace has indicated that it will make further disclosures upon the fulfillment of these conditions and the occurrence of any material developments, in compliance with SEBI listing regulations.

Ashwini Navare, Company Secretary at Taneja Aerospace and Aviation Limited, signed the disclosure letter dated July 27, 2026. The company emphasized that no final consideration amount was disclosed in this initial filing, with further financial details expected once the conditions precedent are met and the transaction moves closer to closure.