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.

Aerpace Industries Limited (formerly Supremex Shine Steel Limited) has reported significant progress in establishing its state-of-the-art manufacturing facility in Pune, despite facing some timeline adjustments due to regulatory processes.

Machinery Delivery Milestone

The company has successfully completed the delivery of all machinery and equipment for its Pune manufacturing facility. This marks a crucial step forward in the facility's development, which is set to serve as a strategic hub for defense, mobility, and renewable energy technologies.

Ongoing Installation and Preparation

Aerpace Industries is currently in the process of installing and aligning core machinery at the site. Simultaneously, critical sections of the facility are being prepared for operational integration, indicating that the project is moving steadily towards completion.

Timeline Adjustments and Strategic Alignment

While the company acknowledges that regulatory clearances and statutory approvals have extended the initial timelines, it assures stakeholders that the overall program remains firmly aligned with organizational objectives. This adjustment demonstrates the company's adaptability in navigating the complex regulatory landscape while maintaining focus on its long-term goals.

Future Prospects

The Pune facility is positioned to become a strategic nucleus for innovation within the aerospace ecosystem. It is designed to enable scalable development across multiple verticals, supporting long-term value creation and reinforcing the company's commitment to delivering sustainable, future-ready solutions.

Management's Perspective

Neha Mankame, Company Secretary and Compliance Officer of Aerpace Industries Limited, stated in the company's LODR filing, "Although schedules have been adjusted, the overall program remains firmly aligned with organizational objectives. Stakeholder support continues to play a vital role in driving momentum toward operational readiness."

The company's management views this development as a significant step towards establishing Aerpace Industries as a key player in the defense, mobility, and renewable energy sectors. The completion of this facility is expected to enhance the company's capabilities and contribute to its long-term growth strategy.

As Aerpace Industries continues to make progress on its Pune manufacturing facility, investors and industry observers will be keenly watching for further updates on the project's completion and its impact on the company's future operations and market position.