Aeroflex Industries Limited — Important, 14-12-2024: Disclosure of material issue

The Board of Directors of Aeroflex Industries Limited has approved a proposal to raise funds by issuing equity shares, with a total amount not exceeding ₹4000 million. This will be accomplished through a qualified institutions placement (QIP) or other permissible methods, pending necessary approvals. An Extraordinary General Meeting is scheduled to discuss this matter further.

Additionally, the company has commenced trial production for Phase-I of its metal bellows project, indicating progress in its operational capabilities. Investors should note the potential for growth stemming from these initiatives while keeping a close watch on the upcoming EGM and the successful execution of the proposed fund raising.