Aerpace Industries Shareholders Approve Board Appointments and ESOP Expansion at EOGM

Aerpace Industries Limited shareholders have overwhelmingly approved all proposed resolutions at the company's Extraordinary General Meeting (EOGM). The voting results demonstrate strong shareholder support for the company's strategic initiatives, including board appointments and employee stock option plan expansion.

Financial Performance Context

The EOGM follows the company's recent financial results showing widening losses:

Period:	Net Loss (₹ in lakhs)
Q2 FY2026:	85.80
Q2 FY2025:	74.80
H1 FY2026:	331.57
H1 FY2025:	112.69

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

EOGM Voting Results

Shareholders approved all five resolutions with substantial majorities through remote e-voting:

Board Appointments Approved

Resolution:	Votes in Favour	Votes Against	Approval Rate
Mr. Prakash Gaur (Non-Executive Director):	7,34,79,347	24,739	99.97%
Ms. Darshana Avadhoot Sawant (Independent Director):	7,33,79,330	24,739	99.97%

ESOP Expansion Resolutions

Resolution:	Votes in Favour	Votes Against	Approval Rate
ESOP Plan Amendments:	7,34,79,347	24,739	99.97%
ESOP Pool Increase (70 lakh to 1.45 crore):	7,34,78,347	25,739	99.96%

Related Party Transaction Approval

Shareholders approved material related party transaction limits with Aerpace Robotics Private Limited, receiving 51,68,551 votes in favour (99.52%) against 24,739 votes (0.48%).

Strategic Developments

The approved resolutions enable several key corporate actions:

Board Strengthening: The appointment of Mr. Prakash Gaur as Non-Executive Director and Ms. Darshana Avadhoot Sawant as Non-Executive Independent Director will enhance board governance and expertise.

Employee Incentives: The ESOP pool expansion from 70 lakh to 1.45 crore options significantly increases the company's ability to attract and retain talent through equity participation.

Related Party Framework: Approval for transaction limits up to ₹30 crores with Aerpace Robotics Private Limited provides operational flexibility for business requirements.

Recent Capital Investments

During the recent quarter, Aerpace Industries availed a loan of ₹7.72 crores from Aerpace Robotics Private Limited for capital expenditure requirements. The company invested ₹8.56 crores in importing and setting up machinery during the half-year, which has been capitalized under Capital Work-in-Progress.

Consolidated Performance

On a consolidated basis, including results from subsidiary Aerpace Supercars Private Limited, the company reported a loss of ₹521.53 lakhs for the half-year ended September 30, 2025. The voting results and scrutinizer report are available on the company's website at www.aerpace.com .

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-2.20%	+0.10%	+46.33%	+9.21%	-38.32%	+984.44%

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.