Announced Wed, 15 Jul · 17:09 IST
Aeroflex Neu board approves 2 independent directors, subsidiary sale, warrant funds reallocation
Management Changes View source PDF
AERONEU · price
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Price reaction · full curve 14 horizons · vs prior close
+0.8%1-day move
₹87.95
prior close
₹88.99
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.9———+0.8-0.2+3.5-3.4-4.9-0.8————
Up moveDown movePending
AI summary
Aeroflex Neu board on July 15 approved: (1) Appointment of Mr. Arpit Kalani and Mr. Tapan Tanmay Kothari as Additional Independent Directors for 5 years, pending shareholder nod. (2) Sale of entire 51.01% stake in material subsidiary Fibcorp Polyweave (FPPL) for Rs 192.12 Lakhs; FPPL contributed 32.65% of FY26 turnover. (3) Reallocation of warrant issue proceeds toward IT Parks, Data Centers, AI Parks, hotels and real estate projects, pending member approval.
Likely market impact
Sold material subsidiary FPPL for Rs 192L; redirecting warrant proceeds to IT Parks, Data Centers, real estate. Two independent directors added.