The Company has successfully acquired an additional stake of 4% in M.R. Organisation Limited, subsidiary company
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Aeroflex Enterprises Limited has completed the third tranche of its planned acquisition, buying an additional 4% stake in subsidiary M.R. Organisation Limited (MRO) for Rs 5.58 crore (1,03,350 shares at Rs 539.50 each). Following this purchase, Aeroflex's holding in MRO has risen from 64% to 68%. The acquisition follows a Share Purchase Agreement dated July 27, 2024 and a Deed of Amendment dated April 21, 2026. MRO is a tech-based last-mile utility services company with a consolidated turnover of Rs 78.25 crore (FY25), operating across 29 states in India and exporting to 75 countries including presence in the UK, USA, Belgium, and Portugal. The transaction is a related party transaction as it involves increasing stake in an existing subsidiary, and it was funded through cash consideration with no regulatory approvals required.
This stake increase from 64% to 68% strengthens Aeroflex's control over its subsidiary MRO, potentially consolidating more of MRO's revenues into Aeroflex's financials going forward. The transaction is relatively small (Rs 5.58 crore) and staged, likely with minimal immediate share price impact.