The Board of Directors approved the acquisition of 7,27,040 equity shares of Stilonn Valves and Controls Private Limited for an aggregate consideration of ₹16,00,21,504 (Rupees Sixteen Crore Twenty-One Thousand Five Hundred and Four Only).

Acquisition Details

  • Transaction Structure: Acquisition to be undertaken in one or more tranches through purchase of equity shares from existing shareholders and subscription to additional equity shares issued by Stilonn
  • Transaction Documents: Execution of Share Purchase Agreement, Share Subscription and Shareholders' Agreement, and other ancillary Transaction Documents
  • Share Price: ₹220.10 per equity share
  • Post-acquisition Holding: Company's shareholding in Stilonn will increase from 19.58% to 51.01% of issued and paid-up equity share capital
  • Subsidiary Status: Stilonn will become a subsidiary of Aeroflex Neu Limited upon completion

Strategic Rationale

  • Forms part of Company's initiative in the AI Infra and Data Centre sector
  • Aims to establish an integrated platform for high-tech and critical engineering solutions
  • Aligned with Company's strategic growth objectives
  • Enables business expansion into manufacture, design and supply of high-precision industrial products including butterfly valves, ball valves, check valves, sight glasses, unions and allied fittings

Target Company Information

Stilonn Valves and Controls Private Limited

  • Business: Manufacturing of precision engineering products in AI Infra and Data Centre space along with critical pharmaceutical and healthcare sector
  • Products: Valves, sanitary fittings and allied goods, specifically industrial valves including butterfly valves, ball valves, check valves, sight glasses, unions and allied fittings
  • Date of Incorporation: September 25, 2013
  • Geographical Presence: India
  • Financial Performance:
  • FY 2025-26 Turnover: ₹1,621.93 Lakhs
  • FY 2024-25 Turnover: ₹819.40 Lakhs
  • FY 2023-24 Turnover: ₹610.48 Lakhs

Transaction Specifics

  • Related Party Transaction: Yes, but undertaken at arm's length basis
  • Promoter/Promoter Group Interest: None beyond Company's existing shareholding
  • Government Approvals: Not Applicable
  • Completion Timeline: Within 60 days from Board approval date (October 15, 2026), subject to customary closing conditions
  • Consideration Type: Cash consideration

Meeting Details

Board Meeting commenced at 03:30 p.m. and concluded at 04:15 p.m. on October 15, 2026.

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