The Board approved the Standalone and Consolidated Un-Audited Financial Results along with the Limited Review Report for the quarter and half year ended 30th September 2025

Aerpace Industries (formerly Supremex Shine Steels) reported a standalone loss after tax of ₹190.21 lakhs for Q2 FY26, deeper than the ₹63.71 lakh loss in Q2 FY25, even as revenue from operations rose roughly 51% year-on-year to ₹58.58 lakhs. For H1 FY26, the standalone loss widened to ₹318.61 lakhs and the consolidated loss stood at ₹176.51 lakhs, with total expenses of ₹455 lakhs far exceeding total income of ₹194 lakhs. The company is heavily investing in machinery (₹8.56 crores capitalised in Capital Work-in-Progress during H1) and is burning cash, posting a negative operating cash flow of ₹366.54 lakhs (standalone) and ₹270.25 lakhs (consolidated). To fund this, it raised ₹772.19 lakhs in borrowings and took a ₹7.72 crore loan from related party Aerpace Robotics; the board also plans a postal ballot to approve a ₹30 crore related-party transaction ceiling, two director appointments, and an increase in the ESOP pool from 70 lakh to 1.45 crore options. The auditor (Ramanand & Associates) issued a clean limited review report with no qualifications.