Aeroflex Neu Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on August 20, 2025
AERONEU · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Aeroflex Neu Limited (formerly Sah Polymers Limited) has issued the notice for its 33rd AGM to be held on August 20, 2025 at 11:00 AM at its registered office in Udaipur. The book closure period is August 14-20, 2025, with the e-voting cut-off date set as August 13, 2025, and remote e-voting open from August 17-19, 2025. Key items on the agenda include adoption of FY25 standalone and consolidated audited financials (annual consolidated turnover of Rs. 129.23 crores), re-appointment of Whole-Time Director Mr. Hakim Sadiq Ali Tidiwala, and approval of material related party transactions with Aeroflex Enterprises Limited (promoter/holding company) worth up to Rs. 100 crores for borrowings over 3 years (77.38% of turnover) and with Fibcorp Polyweave Private Limited (material subsidiary) worth up to Rs. 110 crores (Rs. 100 cr for sale/purchase of goods + Rs. 10 cr for borrowings) over 3 years (85.11% of turnover). Additional items seek approval for RPTs of up to Rs. 25 crores each with directors Mr. Asad Daud and Mrs. Shehnaz D Ali for acquiring equity shares of Lion Houseware Private Limited, and appointment of M/s. S.K. Jain & Co. as Secretarial Auditors for a 5-year term (FY 2025-26 to FY 2029-30).
Shareholders should review the substantial related party transactions carefully, as the proposed deals with Aeroflex Enterprises and Fibcorp Polyweave collectively exceed Rs. 210 crores and represent a very high percentage of the company's turnover, raising concerns about related-party exposure. However, these are promoter/group transactions and audit committee-approved, and shareholders have until August 19, 2025 to vote via e-voting. The AGM is a routine governance event but with significant RPT approvals that could materially impact the company's financials.