Date: October 30, 2026
Board Meeting Outcomes
Aeroflex Neu Limited, the material subsidiary of Aeroflex Enterprises Limited, held its Board meeting on October 30, 2026. The Board considered and approved the following:
- Acquisition of 1,10,000 equity shares of Aerolex Cables Private Limited, representing 55% of its issued and paid-up share capital
- Total consideration of ₹3100 lakhs for the acquisition
- Approval of draft Share Purchase and Shareholders Agreements and ancillary transaction documents
- Plan to acquire additional Aerolex shares in subsequent tranche(s) subject to definitive agreements
Strategic Rationale and Business Impact
The acquisition supports Aeroflex Neu's growth and diversification plans by:
- Enabling entry into wire and cable manufacturing and exporting business
- Expanding into manufacturing of wire and wire-related products business
- Broadening product range and strengthening position in the AI Infra and Data Centre sector
- Establishing an integrated platform for high-tech and critical engineering solutions
Upon completion of the acquisition, Aerolex Cables Private Limited will become a subsidiary of Aeroflex Neu Limited.