CFO handover, Q2 FY27 results and subsidiary merger approved
AEROFLEX · price
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Board approved Q2 FY27 results (July-September 2026) and in-principle merger of wholly owned subsidiary Hyd-Air Engineering, effective 1 April 2026. CFO Mustafa Kachwala's tenure ends 27 November 2026; he stays whole-time director and KMP. Drashti Bhil, a chartered accountant with Aeroflex since 2020, becomes CFO for three years. Switching depreciation to straight-line cut Q2 depreciation by Rs 769 lakh, lifting profit after tax by Rs 769 lakh.
Orderly CFO succession, no leadership exit. Merger may streamline the group. The Rs 769 lakh Q2 profit gain is an accounting change, not operations.