Change in Statutory Auditors – Aeroflex Industries Limited
Outgoing Auditor
Not Specified
Incoming Auditor
Name of the New Audit Firm: M/s. Shweta Jain & Co. LLP, Chartered Accountants
Firm Registration Number (FRN): 127673W/W101149
Peer Review No: 025485
Term of Appointment and Validity: For the second term of 5 (Five) consecutive years commencing from the conclusion of the 32nd Annual General Meeting until the conclusion of the 37th Annual General Meeting of the Company
Interim Appointment or Subject to Shareholder Approval: Subject to approval of the shareholders at the ensuing Annual General Meeting of the Company
Qualifications or Professional Standing: The firm was established in 2006 as Shweta Jain & Co. and was converted into a Limited Liability Partnership in 2025. The firm has experience in providing audit, assurance and related professional services and is supported by a team of professionals with knowledge of business processes, risk assessment and regulatory requirements. The firm holds a valid peer review certificate and has experience in conducting audits of companies listed on recognised stock exchanges in India.
Board / Committee Meeting Details
Date and Name of the Meeting: Board of Directors Meeting held on June 18, 2026
Resolutions or Approvals: The Board considered and approved the re-appointment of M/s. Shweta Jain & Co. LLP as Statutory Auditors for a second term of five consecutive financial years commencing from 2026-27 as recommended by Audit Committee
Meeting Duration: Commenced at 03:30 p.m. and concluded at 04:56 p.m.
Other Auditor Appointments
Internal Auditor
Name of the Firm: M/s. D M Jain & Co., Chartered Accountants
FRN: 116723W
Appointment Type: Re-appointment
Date of Re-appointment: June 18, 2026
Term: For financial year 2026-27
Brief Profile: Professional firm based in Mumbai and Thane, founded and led by CA Dinesh Jain, B.Com. (Hons.), FCA, ACMA, who has over 28 years of professional experience. The firm provides services in corporate audits, tax audits, statutory audits, internal audits, bank audits, corporate advisory, income tax return filing, and management consultancy.
Cost Auditor
Name of the Firm: M/s. Rampurawala Mohammed A & Co, Cost Accountants
FRN: 003011
Appointment Type: Appointment
Date of Appointment: June 18, 2026
Term: For financial year 2026-27
Brief Profile: Well-established firm of Cost and Management Accountants with over 15 years of professional experience, having significant expertise in cost and management accounting for leading manufacturing companies in the pharmaceuticals, steel, and chemical sectors.
Employee Stock Options
Grant of 9,500 Employee Stock Options to Eligible Employees under Aeroflex Industries Limited Employee Stock Options Plan 2024
Exercise Price: ₹180 per Option
Vesting: Not specified in this disclosure
Exercise Period: All vested Options shall be exercisable within a maximum period of one year from the date of vesting
Scheme Compliance: In terms of SEBI (SBEB) Regulations, 2021
Senior Management Appointments
The Board categorized the following employees as Senior Management Personnel:
1. Mr. Shah Alam - Promoted as General Manager - R&D - Engineering and Design (30+ years experience, Bachelor of Engineering Mechanical, Honours from Jamia Millia Islamia, New Delhi)
2. Mr. Anshul Gupta - Promoted as Vice President- Export Sales (23+ years expertise in Sales and Marketing, Master's in International Business Management from Lucknow University)
3. Mr. Narender Bhakhri - Promoted as General Manager Procurement & Supply Chain (40+ years expertise, B.Com graduate from Lucknow University)
4. Mr. Akshay Sadashiv Parab - Promoted as Sr Manager - Sales and Marketing – Domestic (8+ years expertise in Sales and Marketing, Bachelor's Degree in Mechanical Engineering)
5. Mr. Prem Prakash Sharma - Promoted as General Manager Bellows (40+ years experience in Manufacturing and Operations, B.Tech in Mechanical Engineering from Janardhan Rajasthan University)