Aerpace Industries has announced comprehensive operational progress across its renewable energy and defence manufacturing verticals, marking a significant transition from infrastructure development to structured operational activation. The update follows a board meeting held on 12th February 2026, where directors reviewed execution activities and noted substantial advancement in both business segments.

Pune Manufacturing Facility Achieves Operational Readiness

The company's integrated Pune facility has reached substantial operational readiness, completing critical infrastructure components that enable full-scale manufacturing operations. The facility now serves as the centralized execution base for both renewable energy and defence drone manufacturing activities.

This milestone positions the company to undertake manufacturing, integration, testing, and validation activities from a single centralized location, supporting solar manufacturing operations, UAV assembly and integration, technical validation, and quality control activities.

Solar Manufacturing Enters Trial Operations Phase

The solar panel manufacturing vertical has achieved a critical milestone with successful completion of machinery installation at the Pune facility. The company has completed mechanical installation, electrical integration, and line configuration, enabling the transition to operational stabilization.

The operational stabilization phase includes system testing, calibration, process validation, and trial production runs scheduled to commence in the coming week. These activities aim to ensure equipment performance stability, validate manufacturing precision, establish quality benchmarks, and align production output with certification standards. Commercial production will commence only after successful completion of validation cycles and internal quality checks.

Defence UAV Program Secures International Procurement Agreements

The defence manufacturing roadmap has achieved material progress through executed agreements with international companies for strategic UAV platform procurement. The company has secured two key platforms that position it in the tactical ISR and mission-capable UAV segment.

Due to strict confidentiality clauses and Non-Disclosure Agreements executed with counterparties, the company cannot disclose detailed technical specifications, commercial structures, or specific import arrangements at this time.

SKD Assembly Strategy and Demonstration Roadmap

The board has approved a structured implementation strategy under which UAV platforms will be imported in Semi Knocked Down format and assembled in India. This phased approach enables technical familiarization, local assembly competence development, progressive indigenization, faster demonstration readiness, and structured transition toward domestic manufacturing.

Post assembly and internal validation, the company intends to undertake demonstration programs for Indian defence stakeholders and UAE defence stakeholders. The demonstrations aim to validate platform performance, establish technical credibility, and initiate structured order discussions.

Infrastructure and Talent Development Initiatives

The required machinery and equipment for drone manufacturing have been ordered, with the company targeting operational readiness before March 2026, subject to delivery timelines, installation, commissioning, and internal validation. To support operational scaling, recruitment has been initiated across technical and manufacturing domains.

Key recruitment areas include UAV assembly engineers, aerostructure technicians, avionics integration specialists, production engineers, solar manufacturing operators, and quality assurance personnel. The company emphasizes building long-term execution capacity rather than short-term trading operations, focusing on developing indigenous technical capability and strengthening compliance frameworks.

The operational activation across both verticals represents a strategic shift from capital expenditure deployment toward structured revenue generation, with immediate priorities including completion of solar trial validation, UAV platform assembly and validation, demonstration readiness, and gradual localization and manufacturing scale-up.

Aerpace Industries Limited has provided clarification to BSE regarding recent price movements in its equity shares, attributing the fluctuations to information already disclosed to stock exchanges and available in the public domain. The clarification was issued in response to BSE's inquiry under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Corporate Developments Cited

The company identified two significant announcements that may have influenced recent share price movements:

Strategic Partnership with Andhra Pradesh

Aerpace Industries also highlighted its Memorandum of Understanding (MoU) with the Andhra Pradesh Economic Development Board (APEDB) as another factor potentially impacting investor sentiment. This agreement marks the company's participation in the state government's initiative to develop India's First Drone City in the Kurnool region.

Regulatory Compliance and Market Dynamics

The company emphasized that both announcements were promptly disclosed to BSE in compliance with Regulation 30 of the SEBI (LODR) Regulations, 2015, immediately upon occurrence of the respective events. Aerpace Industries confirmed that apart from these disclosed developments, there is no other material information or impending announcement requiring disclosure that may impact the price or volume behavior of the company's securities.

Company's Position on Price Movement

Aerpace Industries clarified that the movement in equity share prices is entirely market-driven and based on investor perception of publicly available information. The company stated it has no role in influencing or controlling such price movements, maintaining transparency regarding its position on recent market activity.

The clarification was signed by Neha Mankame, Company Secretary and Compliance Officer, reaffirming the company's commitment to regulatory compliance and transparent communication with stakeholders. The company operates from its registered office at Kanakia Wall Street, Andheri East, Mumbai, Maharashtra.