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Trading Symbol: AERONEU

AGM Details

  • Meeting Date: Tuesday, August 25, 2026, at 11:00 a.m. (IST)
  • Venue: Registered office at E-260-261, Mewar Industrial Area, Madri, Udaipur-313003
  • Cut-off Date: Tuesday, August 18, 2026 for determining eligibility for remote e-voting
  • Remote E-voting Period: Thursday, August 20, 2026 at 9:00 a.m. to Monday, August 24, 2026 at 5:00 p.m.
  • Register of Members Closure: Wednesday, August 19, 2026 to Tuesday, August 25, 2026 (both days inclusive)

Ordinary Business

1. Adoption of Financial Statements

  • To consider and adopt Audited Standalone Financial Statements for FY26 ended March 31, 2026 with Board of Directors' and Auditors' reports
  • To consider and adopt Audited Consolidated Financial Statements for FY26 ended March 31, 2026 with Auditors' report
  • Requires Ordinary Resolution

2. Re-appointment of Director

  • Re-appointment of Mr. Asad Daud (DIN: 02491539) who retires by rotation
  • Director is eligible and offers himself for re-appointment
  • Requires Ordinary Resolution

Special Business

3. Material Related Party Transaction with Lion Houseware Private Limited

  • Related Party: Lion Houseware Private Limited (LHPL)
  • Transaction Value: Not exceeding ₹110,00,00,000 (₹110 crore)
  • Period: April 1, 2026 to March 31, 2029
  • Purpose: Purchase/acquisition of land, grant of loans, making investments, and other permissible transactions
  • Conditions: Arm's length basis, ordinary course of business
  • Breakdown:
  • Purchase/acquisition of land: Up to ₹35 crore
  • Financial and other related transactions: Up to ₹75 crore
  • Loan interest rate: 12% per annum, repayable on demand, unsecured, 3-year tenure
  • Value as % of consolidated turnover: 85.16%
  • Requires Ordinary Resolution

4. Material Related Party Transaction with Safe Polymer Private Limited

  • Related Party: Safe Polymer Private Limited (SPPL)
  • Transaction Value: Not exceeding ₹130,00,00,000 (₹130 crore)
  • Period: April 1, 2026 to March 31, 2029
  • Purpose: Purchase/acquisition of land, grant of loans, making investments, and other permissible transactions
  • Conditions: Arm's length basis, ordinary course of business
  • Breakdown:
  • Purchase/acquisition of land: Up to ₹50 crore
  • Financial and other related transactions: Up to ₹80 crore
  • Value as % of consolidated turnover: 100.65%
  • Requires Ordinary Resolution

5. Material Related Party Transaction with Mr. Asad Daud

  • Related Party: Mr. Asad Daud, Director of the Company
  • Transaction Value: Not exceeding ₹75,00,00,000 (₹75 crore)
  • Period: April 1, 2026 to March 31, 2029
  • Purpose: Acquisition of equity shares of Lion Houseware Private Limited
  • Conditions: Arm's length basis
  • Value as % of consolidated turnover: 58.07%
  • Requires Ordinary Resolution

6. Material Related Party Transaction with Mrs. Shehnaz D. Ali

  • Related Party: Mrs. Shehnaz D. Ali, Relative of Director Mr. Asad Daud
  • Transaction Value: Not exceeding ₹75,00,00,000 (₹75 crore)
  • Period: April 1, 2026 to March 31, 2029
  • Purpose: Acquisition of equity shares of Lion Houseware Private Limited
  • Conditions: Arm's length basis
  • Value as % of consolidated turnover: 58.07%
  • Requires Ordinary Resolution

7. Modification of Preferential Issue Objects

  • Original Issue: 72,00,000 warrants convertible into equity shares for ₹64,80,00,000 (₹64.8 crore) approved at EGM on June 6, 2025
  • Original Object: ₹4,000 lakhs for constructing, building, operating, establishing, developing, acquiring, purchasing land for, and investing in Plug and Play Office complex, AI Park, IT Park, residential and industrial complexes
  • Proposed Modification: Expand scope to include Data Centers, hospitality infrastructure including hotels and resorts, and other related businesses
  • Revised Object: To construct, build, operate, establish, develop, acquire, purchase land for, and invest in Plug and Play Office Complexes, AI Parks, IT Parks, Data Centers, residential and industrial complexes, including hotels, resorts and other hospitality-related businesses
  • Amount Available for Revised Object: ₹4,000 lakhs (fully unutilized)
  • Other Objects Unchanged: Long-term working capital requirements (₹1,200 lakhs), Preferential Issue expenses (₹25 lakhs), General Corporate Purpose (₹1,255 lakhs)
  • Requires Special Resolution

8. Appointment of Mr. Arpit Kalani as Independent Director

  • DIN: 09734386
  • Current Status: Appointed as Additional Director designated as Non-Executive Independent Director effective July 15, 2026
  • Proposed Term: 5 consecutive years from July 15, 2026 to July 14, 2031
  • Qualifications: Associate Company Secretary, Bachelor of Commerce from Mohanlal Sukhadia University, Udaipur
  • Expertise: Secretarial practices, corporate compliances, and allied legal and regulatory matters
  • Remuneration: Nil during FY25-26
  • Requires Special Resolution

9. Appointment of Mr. Tapan Tanmay Kothari as Independent Director

  • DIN: 11798942
  • Current Status: Appointed as Additional Director designated as Non-Executive Independent Director effective July 15, 2026
  • Proposed Term: 5 consecutive years from July 15, 2026 to July 14, 2031
  • Qualifications: Master of Business Administration (MBA) and Master of Commerce (M.Com)
  • Expertise: Management, finance, and business operations
  • Remuneration: Nil during FY25-26
  • Requires Special Resolution

Related Party Information

Lion Houseware Private Limited

  • Country: India
  • Relationship: Entity controlled by Mr. Asad Daud (Non-Executive Director) and his relatives
  • Business: Real estate, construction, infrastructure, property management, IT/Data Centers, logistics facilities, manufacturing and trading of construction materials and smart devices
  • FY25-26 Financials:
  • Net Worth: ₹53,39,396
  • Net Profits: ₹6,838

Safe Polymer Private Limited

  • Country: India
  • Relationship: Not specified in detail
  • Business: Manufacturing and trading of packaging materials using wood, paper, polymers, metals, glass, jute, and other materials; trading in containers, cartons, boxes, bottles, foils, crates, and allied packaging accessories
  • FY25-26 Financials:
  • Net Worth: (₹1,10,79,963) [negative]
  • Net Profits: ₹10,489

Voting Arrangements

  • Remote e-voting through CDSL
  • E-voting during AGM through polling
  • Scrutinizer: Mr. Ashok Modi (M No. 074488), Proprietor of A Modi & Co., Chartered Accountants
  • Results to be placed on company website (www.aeroflexneu.com) and CDSL website (www.evotingindia.com)
  • Results to be communicated to BSE and NSE

Document Distribution

  • Notice sent through electronic mode to members with registered email addresses
  • Available on company website, stock exchange websites (BSE and NSE), and CDSL website

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