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.

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.