Aeroflex Enterprises Limited has informed the Exchange regarding - The Intimation received by the from its subsidiary Company, Aeroflex Neu Limited (formerly Sah Polymers Limited), regarding the allotment of 72,00,000 Convertible Warrants at ₹90/- each.The warrants were issued to promoters and non-promoters under Chapter V of SEBI (ICDR) Regulations, 2018 for business expansion and growth.Out of the above, the Company has subscribed to 36,00,000 Convertible Warrants on a preferential basis.
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Aeroflex Enterprises' subsidiary, Aeroflex Neu Limited (formerly Sah Polymers Limited), has allotted 72,00,000 convertible warrants at ₹90 each to promoters and non-promoters under SEBI ICDR Regulations. Each warrant can be converted into one equity share of face value ₹10, implying a total issue size of approximately ₹64.8 crore. The proceeds are intended for business expansion and growth of the subsidiary. The parent company, Aeroflex Enterprises, has itself subscribed to 36,00,000 warrants (half of the total), committing roughly ₹32.4 crore. The allotment is on a preferential basis and follows applicable provisions of the Companies Act, 2013.
This signals the subsidiary's aggressive growth push through equity-linked fundraising, with the parent committing significant capital, which could dilute existing shareholders upon warrant conversion but supports long-term expansion. The stock may react to the dilution risk from potential conversion, though the parent’s own participation shows confidence.