No deviation reported in use of Rs 55 cr preferential issue funds

Aeroflex Industries filed a quarterly statement confirming no deviation in the use of funds raised through a preferential issue of equity shares in February 2026. Total funds raised were about Rs 55 crore, of which about Rs 43.86 crore has been utilized so far. The funds were allocated mainly for long-term working capital (Rs 41.52 crore) and general corporate purposes (Rs 12.02 crore), with small amounts for issue expenses. The Audit Committee reviewed and had no comments.