Goodluck India Limited (NSE: GOODLUCK) has entered into a strategic alliance with BrahMos Aerospace Thiruvananthapuram Ltd (BATL) and Axiscades Technologies Ltd to bid for the manufacturing of the Advanced Medium Combat Aircraft (AMCA). This collaboration marks a significant step towards enhancing India's indigenous defense capabilities and aerospace innovation.

Tripartite Alliance for AMCA Program

The company has signed a tripartite Memorandum of Understanding (MoU) with its partners to jointly participate in the Expression of Interest (EOI) floated by the Aeronautical Development Agency (ADA) in Bangalore. This alliance brings together the complementary expertise of the three companies to pursue opportunities in the defense manufacturing sector, specifically for the AMCA program.

AMCA: A Cutting-Edge Defense Initiative

The AMCA program, fully designed in India by ADA, aims to develop a fifth-generation stealth aircraft with advanced features including:

• Cutting-edge avionics
• Super-cruise capability
• Internal weapons bays
• State-of-the-art electronic warfare systems

This initiative aligns with the Government of India's Atmanirbhar Bharat (Self-Reliant India) vision, focusing on strengthening the country's defense capabilities through indigenous manufacturing.

Strategic Importance and Company's Vision

Mr. Mahesh Chandra Garg, Chairman of Goodluck India Limited, emphasized the significance of this collaboration, stating, "This collaboration marks another defining milestone for Goodluck India Ltd, and also for the broader vision of indigenous aerospace excellence. Our partnership with BrahMos Aerospace and Axiscades is rooted in a shared commitment to innovation, national security, and self-reliance."

He further added, "By bringing together our proven strengths in defence-grade manufacturing and engineering, we are poised to play a critical role in one of India's most ambitious and strategic defence programmes. The AMCA is more than an aircraft – it is a symbol of India's technological sovereignty, and we are honoured to contribute to its realisation."

Goodluck India's Expanding Portfolio

Goodluck India, founded in 1986, has evolved from a traditional manufacturer to a diversified engineering solutions provider. The company specializes in:

• ERW Steel Pipes
• Hollow Sections
• CR Coils
• CDW Tubes
• Forgings & Flanges
• Telecom & Transmission Line Towers
• Substation Structures
• Bridges for Road & Railways
• Road Safety Equipment

With a strong presence in high-growth sectors such as Automotive, Solar, Railways, Defense, Aerospace, and Infrastructure, Goodluck India operates six state-of-the-art manufacturing plants across Uttar Pradesh and Gujarat. The company boasts a total capacity of 500,000 MTPA, including 285,000 MTPA of high-margin value-added products.

Global Reach and Quality Standards

Goodluck India serves over 600 customers globally, exporting to more than 100 countries. The company employs over 4,000 professionals and maintains ISO 9001:2008 certification, underlining its commitment to quality and efficiency.

This strategic alliance for the AMCA bid represents Goodluck India's continued focus on growth through technology investments, product diversification, and global expansion. As the company ventures into this high-stakes defense project, it reinforces its position as a key player in India's evolving aerospace and defense landscape.

Goodluck India Limited, a prominent player in the Indian manufacturing sector, has strengthened its board with the appointment of Mr. Iswarchandra Dayanidhi Agasti as an Independent Director. The decision was approved by shareholders at the company's 39th Annual General Meeting (AGM) held on September 25, 2025.

Key Details of the Appointment

Mr. Agasti's tenure as an Independent Director will commence on October 1, 2025, for a period of five years, concluding on September 30, 2030. This appointment is not subject to retirement by rotation, ensuring continuity in his role.

Extensive Banking Experience

Mr. Agasti brings a wealth of experience to Goodluck India's board, having served as a Principal Officer at IDBI Bank. His illustrious career in banking spans 35 years, during which he has gained expertise in various crucial areas:

• Branch Banking
• Retail Banking
• Corporate Banking
• Operations
• Audit
• Administration

Leadership and Expertise

Described as a strong leader and able administrator, Mr. Agasti is known for his business acumen, quick decision-making skills, and operational expertise. His experience in leading large teams and handling diverse portfolios is expected to be a valuable asset to Goodluck India Limited.

Previous Board Experience

Prior to this appointment, Mr. Agasti served as a director at Haldia Petrochemicals Limited, where he was nominated by IDBI. This previous board experience is likely to enhance his contribution to Goodluck India's corporate governance.

Shareholder Approval and Compliance

The appointment of Mr. Agasti received strong support from Goodluck India's shareholders. The special resolution for his appointment was passed with an overwhelming majority, securing 19,459,846 votes in favor, representing 99.998% of the total votes cast.

Corporate Governance Implications

Mr. Agasti's appointment aligns with Goodluck India's commitment to maintaining a strong and diverse board. As an Independent Director, he is expected to provide objective oversight and contribute to the company's strategic direction.

The company has confirmed that Mr. Agasti is not related to any existing directors of Goodluck India Limited, further emphasizing the independent nature of his appointment.

Goodluck India Limited's decision to bring Mr. Iswarchandra Dayanidhi Agasti on board reflects the company's focus on enhancing its leadership team with experienced professionals. His extensive banking background and previous directorship experience are expected to provide valuable insights as the company navigates future challenges and opportunities in the manufacturing sector.