Aeroflex Enterprises Limited has informed the Exchange regarding Notice of Extraordinary General Meeting to be held on Tuesday, January 27, 2026 at 11:00 am IST
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Aeroflex Enterprises Limited (formerly SAT Industries Limited) has called an Extraordinary General Meeting on January 27, 2026 at 11:00 AM via video conferencing. The sole business is a Special Resolution seeking shareholder approval to divest the company's entire or partial stake in M.R. Organisation Limited (MRO), a material subsidiary engaged in tech-based last-mile utility services for industrial customers. The divestment may happen in one or more tranches, with the board authorized to decide price, terms, and mode. Proceeds are intended to be redeployed into emerging areas such as AI, Cloud, and Blockchain. The board approved this proposal at its meeting on December 24, 2025. Remote e-voting runs from January 23 to January 26, 2026, with January 20, 2026 as the cut-off date for eligibility. The resolution is being passed to comply with Section 180(1)(a) of the Companies Act, 2013 and SEBI LODR Regulations 24 and 37A.
Shareholders will vote on exiting a material subsidiary, which could free up capital for reinvestment in higher-growth sectors like AI and Blockchain. The stock may see short-term volatility around the EGM, with the final divestment value depending on the consideration realised by the board.