Aeroflex Industries 32nd AGM Proceedings July 2026

Meeting Details

• Date: Tuesday, July 21, 2026
• Type: 32nd Annual General Meeting (AGM)
• Location: Conducted through Video Conferencing (VC) / Other Audio-Visual Means (OAVM)
• Duration: Commenced at 11:00 A.M. (IST) and concluded at 11:49 A.M. (IST) (49 minutes duration)

Proposed Resolutions and Implications

The AGM considered the following five resolutions:

Ordinary Business:

1. To receive, consider and adopt: a) the Audited Standalone Financial Statement for FY ended March 31, 2026 with Board and Auditor reports; and b) the Audited Consolidated Financial Statement for FY ended March 31, 2026 with Auditor report

2. To declare a Final Dividend on Equity Shares for financial year 2025-26

3. To re-appoint Mr. Asad Daud (DIN: 02491539) who retires by rotation

4. To re-appoint M/s. Shweta Jain & Co. LLP, Chartered Accountants, as Statutory Auditors

Special Business:

5. To ratify the remuneration of the Cost Auditor for financial year 2026-27

Voting Process and Methods

The voting was conducted through two methods:

• Remote e-voting: Commenced on Friday, July 17, 2026 at 9:00 A.M. and concluded on Monday, July 20, 2026 at 5:00 P.M.
• E-voting during meeting: Voting remained open for 15 minutes after the conclusion of the AGM for members participating through VC/OAVM who had not voted during the remote e-voting period
• Cut-off date: Tuesday, July 14, 2026 (for determining voting rights)

Key Voting Outcomes

The document states that all resolutions were "declared as duly passed by the Members with the requisite majority" but does not provide specific voting results. The consolidated results of the remote e-voting and e-voting conducted during the meeting were to be declared within two working days after the meeting.

Participation Breakdown

• Total members present: 59
• Promoter and Promoter Group: 2 members
• Public: 57 members

Scrutinizer's Role and Findings

• Scrutinizer: Dr. S.K. Jain, Proprietor of S.K. Jain & Co., Practicing Company Secretaries
• Role: To scrutinize both the remote e-voting and the e-voting conducted during the 15-minute voting window following the AGM in a fair and transparent manner
• The scrutinizer's report was received after the AGM, but specific findings are not detailed in this document

Compliance with Laws and Regulations

The AGM was conducted in compliance with:

• Companies Act, 2013 and Rules made thereunder
• General Circulars issued by the Ministry of Corporate Affairs (MCA)
• Circulars issued by the Securities and Exchange Board of India (SEBI)
• SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

The Chairman confirmed that the Statutory Auditors' Report and Secretarial Audit Report did not contain any qualification, adverse remark, observation or disclaimer.

Attendees

Directors and Key Managerial Personnel present through VC/OAVM:

1. Mr. Asad Daud - Chairman

2. Mr. Mustafa Abid Kachwala - Whole-Time Director & CFO

3. Mr. Harikant Ganeshlal Turgalia - Non-Executive Director and Chairman of Stakeholders Relationship Committee

4. Mr. Ramesh Chandra Soni - Independent Director and Chairman of Audit Committee, Corporate Social Responsibility Committee and Nomination Remuneration and Compensation Committee

5. Mr. Parthasarathi Sarkar - Independent Director

6. Mr. Arpit Khandelwal - Independent Director

7. Ms. Shilpa Bhatia - Independent Director

8. Ms. Ruthu Parampogi - Company Secretary & Compliance Officer

Invitees present through VC/OAVM:

1. Ms. Priyanka Jaju - Statutory Auditor, Shweta Jain & Co., LLP

2. Mr. Dinesh Jain - Internal Auditor, D.M Jain & Co.

3. Ms. Tehseen Khatri - Secretarial Auditor, T.F.Khatri & Associates

4. Dr. S.K Jain - Scrutinizer, Proprietor of S. K. Jain & Co.

Additional Information

• The Notice convening the AGM together with the Annual Report for FY ended March 31, 2026 had been circulated electronically to all members
• The Chairman highlighted the Company's operational and financial performance during FY 2025-26, significant business developments, dividend recommendation, strategic initiatives, future growth plans and overall business outlook
• The proceedings are available on the company website: https://www.aeroflexindia.com/
• Voting results were to be submitted to stock exchanges and made available on CDSL website