The Company has successfully acquired an additional 3,35,888 (Three Lakhs Thirty Five Thousand Eight Hundred And Eighty Eight) equity shares i.e., equivalent to 13% of the issued and paid-up share capital of M.R. Organisation Limited (MRO). This marks the second tranche of the acquisition.

Aeroflex Enterprises has acquired an additional 13% stake (3,35,888 equity shares) in M.R. Organisation Limited (MRO) for Rs 16.71 crores in cash, at Rs 497.60 per share. This is the second tranche of the Share Purchase Agreement signed in July 2024, with the deal structured to eventually raise Aeroflex's holding in MRO to 64%. MRO operates in air compressor parts and tech-based last-mile utility services, posted FY25 revenue of Rs 79.20 crores with a healthy 33.9% EBITDA margin, and exports to 75 countries. The acquisition is between related parties (MRO is an existing subsidiary) and required no additional regulatory approvals. Aeroflex highlighted MRO's growth strategy, including international expansion and further acquisitions, as value drivers.