Aeroflex Neu

Aeroflex Neu allotted 48,00,000 fully paid equity shares of face value Rs10 at Rs90 each following conversion of an equivalent number of convertible warrants. The company received Rs32.40 crore as the balance 75% exercise price at Rs67.50 per warrant, with 36,00,000 shares allotted to promoter Aeroflex Enterprises and 6,00,000 each to Benani Capital Scheme-1 and VPK Global Venture Fund Scheme-1. Paid-up equity capital rose to 3,05,96,000 shares aggregating Rs30.60 crore. The warrants formed part of a 72,00,000-warrant preferential allotment in July 2025 that had fetched Rs16.20 crore upfront with no conversions recorded by March 2026. Consolidated total income was Rs134.18 crore in the year to March 2026, while cash stood at Rs0.71 crore at the end of September against current borrowings of Rs17.96 crore.

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Aeroflex Neu's board approved the acquisition of 1,10,000 shares representing 55% of Aerolex Cables for Rs 31.00 crore in cash, with further tranches at a pre-agreed valuation matrix and completion of the first tranche within 60 days subject to definitive agreements and closing conditions. The same meeting approved unaudited standalone and consolidated results for the quarter and half year ended 30 September 2026, with consolidated operating revenue of Rs 35.75 crore in the second quarter and a consolidated net loss of Rs 3.92 crore after a Rs 4.46 crore exceptional loss on the Fibcorp Polyweave disposal. Aerolex Cables manufactured industrial and specialty wires and reported turnover of Rs 55.16 crore in FY26, compared with Rs 44.60 crore in FY25. Aeroflex Neu reported consolidated total income of Rs 134.18 crore in FY26 with flexible packaging accounting for about 97% of segment revenue and exports contributing around 70-75%. The company completed the increase of its Stiloonn Valves and Controls holding to a 51.01% subsidiary in October 2026 and divested its 51.01% Fibcorp Polyweave stake effective 7 September 2026 for Rs 1.92 crore.

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Aeroflex Neu's board approved the acquisition of 1,10,000 equity shares representing 55% of Aerolex Cables Private Limited for about Rs31 crore in cash, with the first tranche targeted to close within 60 days and further tranches at a pre-agreed valuation matrix. Aerolex, incorporated in 2005 to manufacture industrial and speciality wires, reported turnover of Rs55.16 crore in 2025-26 against Rs44.60 crore in the prior year. The deal followed the completion on 23 October of a step-up to a 51.01% holding in Stiltonn Valves and Controls for Rs16 crore. Aeroflex Neu reported consolidated total income of about Rs134 crore in the year to March, with flexible packaging accounting for about 97% of segment revenue and exports contributing around 70-75%. The same board meeting approved unaudited results for the quarter and half year ended September, which reflected the cessation of Fibcorp Polyweave as a subsidiary on 7 September after divestment of the entire stake for Rs192.12 lakh.

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Aeroflex Neu's board approved the acquisition of 7,27,040 equity shares of Stilonn Valves and Controls for Rs 16.00 crore in cash, lifting its holding from 19.58% to 51.01% and making Stilonn a subsidiary. The purchase was to be completed within 60 days through secondary buys and subscription to new shares. Stilonn manufactured stainless-steel industrial valves, sight glasses and allied fittings and reported turnover of Rs 16.22 crore in FY26, against Rs 8.19 crore in FY25 and Rs 6.10 crore in FY24. Aeroflex Neu had acquired its initial 19.58% stake in May 2026 for Rs 3.00 crore. The acquirer remained packaging-heavy, with flexible packaging accounting for about 97% of segment revenue and consolidated total income of about Rs 134 crore in FY26. Its core flexible-packaging segment posted a loss in the June quarter.

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** Shares of India's Aeroflex Neu AERL.NS rise 20%, the exchange-allowed maximum, to 80.64 rupees

** Flexible packaging manufacturer says board approved entry into AI infrastructure sector and plans to establish integrated platform for high-tech and critical engineering products, solutions and services

** About 83,841 shares change hands, about 2x the 30-day avg volume - LSEG-compiled data

** Stock up 8.8% YTD

(Reporting by Payel Das in Bengaluru)

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Aeroflex Neu Limited's board approved the sale of its 51.01% equity stake in Fibcorp Polyweave Private Limited to Murtaza Ali Moti and Fatima Moti for ₹192.12 lakhs. The transaction, to be completed within 180 days, will result in Fibcorp ceasing to be a subsidiary. The subsidiary contributed 32.65% of the company's turnover for the year ended March 2026. Separately, the board appointed two independent directors and modified the objects for utilisation of proceeds from a prior preferential issue of warrants to include real estate and hospitality projects.

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Aeroflex Neu Ltd has scheduled a board meeting on July 15, 2026 to consider the sale or disposal of its equity stake in Fibcorp Polyweave Private Limited, a material subsidiary. The company informed stock exchanges on July 10, 2026. No financial terms or rationale were disclosed, but the proposed transaction could reshape the company's portfolio.

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July 10 (Reuters) - Aeroflex Neu Ltd AERL.NS:

• TO CONSIDER SALE OF EQUITY STAKE IN FIBCORP POLYWEAVE PRIVATE

Source text: ID:nBSE68V1F6

Further company coverage: AERL.NS

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June 6 (Reuters) - SAH Polymers Ltd SAHE.NS:

• DISINVESTMENT OF ENTIRE EQUITY SHARES IN FIBCORP POLYWEAVE

• ISSUANCE OF 7.2 MILLION WARRANTS ON PREFERENTIAL BASIS

• ISSUE PRICE SET AT 90 RUPEES PER WARRANT

Source text: ID:nNSE9L4kXw

Further company coverage: SAHE.NS

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** Shares of Sah Polymers SAHE.NS fall 3.2% to 85.4 rupees

** Polymer products maker reports consolidated net loss of 3.6 million rupees ($42,643.42) for Q4 compared to a profit of 1.1 million rupees, a year ago

** Revenue rises 4.5%, while expenses jump 8%

** SAHE is up 2.5% so far in 2025

($1 = 84.4210 Indian rupees)

(Reporting by Nishit Navin)

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