Aeroflex Industries Limited has informed the Exchange regarding Corrigendum to Notice of Extra Ordinary General Meeting
AEROFLEX · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Aeroflex Industries has issued a corrigendum to its EOGM notice for the meeting scheduled on January 15, 2026, clarifying details of a proposed preferential issue worth approximately Rs. 55 crores. The amended use of proceeds breaks down as: Rs. 41.52 crores for long-term working capital, Rs. 12.02 crores for general corporate purposes, and Rs. 1.45 crores for issue expenses (advisory fees and meeting costs). The corrigendum also confirms that all 6 proposed allottees — including Ashish Kacholia, Bengal Finance and Investment Pvt Ltd, Sanjay Surana, Vaibhav Shah (on behalf of R K Investments), Madhu Silica Pvt Ltd, and Nareshkumar Mehta — are non-promoters and will remain non-promoters post-issue. The changes were made pursuant to SEBI ICDR Regulations and observations from the stock exchanges.
This is a procedural disclosure correction, not a new event. Shareholders now have clearer visibility on how the ~Rs. 55 crore preferential issue funds will be deployed, with the majority earmarked for working capital. Since all allottees are non-promoters, there is no dilution of promoter stake, which is neutral to mildly positive for existing shareholders awaiting the EOGM outcome on January 15.