We wish to inform you that the Board of Directors of the Company at its meeting held today i.e. Thursday, December 18, 2025, inter-alia, considered and approved the following: i) the expansion of facilities for the manufacture of liquid cooling skids for Data centers. ii) the installation of robotic welding lines and automatic welding stations for manufacturing assemblies of flexible stainless-steel hoses. iii) the setting up of an annealing plant for stainless-steel braided hoses and assemblies for mission critical applications and other requirements as decided by the Management. iv) issuance of 30,10,398 (Thirty Lakhs Ten Thousand Three Hundred and Ninety-Eight) equity shares of the Company having a face value of Rs. 2/- each, at an issue price of Rs.182.70 per equity share (including premium), by way of preferential issue to non-promoters, subject to receipt of necessary regulatory and statutory approvals, as may be required.
AEROFLEX · price
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Awaiting price reaction for this filing.
Aeroflex Industries' Board, meeting on December 18, 2025, approved a major capacity expansion plan covering liquid cooling skids for data centers, robotic welding lines for stainless-steel hose assemblies, and a new annealing plant for mission-critical applications. Alongside this, the Board cleared a preferential issue of 30,10,398 equity shares (face value Rs. 2 each) at Rs. 182.70 per share to non-promoter investors, subject to regulatory approvals. The expansion targets growing demand from data center cooling and high-precision hose applications. The fundraise will help part-finance the new manufacturing capacity.
Positive for growth visibility given entry into the data center cooling segment, though the preferential issue at Rs. 182.70/share may lead to some dilution for existing shareholders depending on the prevailing market price.