Aerpace Industries Limited has reported a significant increase in net loss for the quarter and half-year ended September 30, 2025. The company has also announced several key corporate actions, including board appointments and modifications to its employee stock option plan.

Financial Performance

The standalone financial results for Aerpace Industries show widening losses:

The company's half-yearly loss has nearly tripled compared to the same period last year.

Corporate Actions

The Board of Directors has proposed several significant changes:

1. Board Appointments: The company plans to seek shareholder approval for appointing Mr. Prakash Gaur as a Non-Executive Director and Ms. Darshana Avadhooot Sawant as a Non-Executive Independent Director.

2. ESOP Modifications: Aerpace Industries intends to amend its Employee Stock Option Plan and increase the ESOP pool from 70 lakh to 1.45 crore options.

3. Related Party Transaction: The Board has approved material related party transaction limits with Aerpace Robotics Private Limited for up to Rs. 30 crores.

Extraordinary General Meeting

Aerpace Industries' Board has called for an Extraordinary General Meeting on December 24, 2025, to seek shareholder approval for:

1. Appointment of two new directors
2. Expansion of the Employee Stock Option Plan pool
3. Approval for material related party transaction limits

Capital Expenditure and Financing

During the quarter, Aerpace Industries availed a loan of Rs. 7.72 crores from Aerpace Robotics Private Limited for capital expenditure requirements. The company also invested Rs. 8.56 crores in importing and setting up machinery during the half-year ended September 30, 2025, which has been capitalized under Capital Work-in-Progress (CWIP).

Consolidated Results

On a consolidated basis, including results from its subsidiary Aerpace Supercars Private Limited, the company reported a loss of Rs. 521.53 lakhs for the half-year ended September 30, 2025.

Outlook

While Aerpace Industries is making strategic moves with board appointments and employee incentive plans, the widening losses present a significant challenge. The company's investments in machinery and project development suggest efforts to enhance operational capabilities, but the impact of these investments on future financial performance remains to be seen.

Aerpace Industries Limited, a company listed on the BSE (Script Code: 534733), has announced significant changes to its Board of Directors, appointing two new members with diverse expertise to strengthen its leadership team.

Board Approves New Directors

In a board meeting held on September 26, 2025, Aerpace Industries' directors approved the appointment of Mr. Prakash Gaur as a Non-Executive Director and Ms. Darshana Avadhoot Sawant as an Independent Director. Both appointments are subject to shareholder approval at the upcoming General Meeting or through Postal Ballot.

Mr. Prakash Gaur: A Wealth of Experience

Mr. Prakash Gaur brings an impressive three decades of experience in economics and planning, with a specialization in urban development and public-private partnerships (PPP). His educational background includes three Master's degrees in Economics, Transport Planning, and Port and Logistics from the University of Antwerp, Belgium.

Throughout his career, Mr. Gaur has held several notable positions:

• Worked with the World Bank Group and various state governments
• Served as the first CEO of National Highway Logistics Management Limited until June 2025
• Played key roles in developing major infrastructure projects, including:
  • Gujarat International Finance Tec-City (GIFT City)
  • Amaravati, the new capital of Andhra Pradesh
  • Multiple Multi Modal Logistics Parks and Ropeway projects across India

Mr. Gaur's expertise in PPP projects and his experience in delivering projects worth approximately ₹30,000.00 crore make him a valuable addition to Aerpace Industries' board.

Ms. Darshana Avadhoot Sawant: Corporate Governance Expert

Ms. Darshana Avadhoot Sawant joins the board as an Independent Director for a five-year term. As a Company Secretary, she brings crucial expertise in:

• Corporate compliance
• Statutory requirements
• Corporate governance

Ms. Sawant's skills include organizing board and shareholder meetings, handling SEBI regulations, and managing shareholder grievances. Her appointment is expected to enhance Aerpace Industries' corporate governance practices and ensure compliance with regulatory requirements.

Strengthening Leadership

The appointment of these two directors signifies Aerpace Industries' commitment to diversifying its board and bringing in specialized expertise. Mr. Gaur's extensive experience in infrastructure and PPP projects, combined with Ms. Sawant's proficiency in corporate governance, positions the company to navigate complex business environments and maintain high standards of corporate conduct.

Milan B. Shah, Managing Director of Aerpace Industries Limited, signed off on these appointments, which were disclosed in a BSE filing. The board meeting commenced at 1:30 p.m. and concluded at 2:10 p.m. on the day of the appointments.

These strategic additions to the board are expected to contribute significantly to Aerpace Industries' future growth and governance strategies, potentially opening new avenues for development and ensuring robust compliance practices.