Aerpace Industries Limited has announced the resignation of Ms. Neha Rajan Mankame from her position as Company Secretary and Compliance Officer. The resignation takes effect from the close of business hours on February 28, 2026, as communicated to BSE Limited under regulatory disclosure requirements.

Regulatory Disclosure Details

The company informed BSE Limited about the resignation pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The announcement was signed by Milan Shah Bhupendra, Managing Director, and includes all required documentation as per regulatory guidelines.

Resignation Details

In her resignation letter dated February 28, 2026, Ms. Neha Rajan Mankame stated that she is resigning due to better career prospects. She specifically declared that there are no other material reasons for her resignation, providing clarity on the circumstances surrounding her departure.

The resignation letter expressed gratitude toward the Board of Directors for the opportunity to serve the company. Ms. Mankame requested the Board to accept her resignation and make necessary arrangements for filing required forms with the Registrar of Companies and providing intimation to stock exchanges.

Corporate Compliance

Aerpace Industries Limited, formerly known as Supremex Shine Steels Limited, has ensured full compliance with regulatory requirements regarding the resignation announcement. The company provided detailed information as required under SEBI Master Circular No. SEBI/HO/CFD-PoD2/CIR/P/0155 dated November 11, 2024.

The resignation represents a change in key managerial personnel, with the Company Secretary and Compliance Officer being designated as Key Managerial Personnel under regulatory frameworks. The company will need to make appropriate arrangements for the transition and appointment of a successor to fulfill these critical compliance functions.

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.