Aerpace Industries Ltd — Important, 10-07-2026: Company Update

July 10, 2026

To,

Listing Department,

BSE Limited,

Phiroze Jeejeebhoy Towers,

Dalal Street, Mumbai – 400001

Scrip Code: 534733

Subject: Updated Outcome of the Board Meeting

Ref: Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and

Disclosure Requirements) Regulations, 2015, as amended (the “SEBI Listing Regulations”)

Dear Sir/Madam,

This is with reference to the outcome of the Board Meeting submitted by the Company on July

09, 2026, we wish to inform you that due to an inadvertent typographical error in the aforesaid

outcome, the Company is issuing this revised disclosure. Accordingly, we wish to inform you

that the Board of Directors (‘Board’) of Aerpace Industries Limited (‘the Company’), at its

meeting held on July 09, 2026, has, inter alia, considered and approved the following:

1. Issuance of upto 1,50,00,000 Convertible Warrants:

The Board of the Company has approved the issuance of up to 1,50,00,000 (One Crore Fifty

Lakhs) Convertible Warrants (“Warrants”), each convertible into or exchangeable for one fully

paid-up equity share of the Company, for cash at a price of Rs. 32.55/- (Rupees Thirty-Two

and Fifty-Five Paisa Only) per Warrant [including premium of Rs. 31.55 (Rupees Thirty-One

and Fifty-Five Paisa) per Warrants] for an amount aggregating Rs. 48,82,50,000 (Rupees

Forty-Eight Crore Eighty-Two Lakh Fifty Thousand only) to the person belonging to the

promoter group as mentioned in the Annexure I, on a preferential basis (“Preferential Issue”)

in accordance with the provisions of Sections 42 and 62 of the Companies Act, 2013 read with

the rules made thereunder and Chapter V of the Securities and Exchange Board of India (Issue

of Capital and Disclosure Requirements) Regulations, 2018, as amended from time to time,

subject to such regulatory approvals as may be required, including approval of the

shareholders of the Company through Postal Ballot. The details as required under Regulation

30 of the SEBI Listing Regulations read with the SEBI Circulars are enclosed herewith as

Annexure-I.

2. Appointment of Independent Director on the Board of the Company:

Appointment of Ms. Anshu Shukla Pandey (DIN: 11809932), as an Additional Director in the

category of Non-Executive Independent Director of the Company w.e.f. July 10, 2026 for the

period of 5 years starting from July 10, 2026 to July 9, 2031 subject to approval of the

shareholders of the Company through Postal Ballot.

----------------Page (0) Break----------------

The details as required under Regulation 30 read with Schedule III of SEBI Listing

Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-

POD2/I/3762/2026 dated January 30, 2026, are furnished in ‘Annexure-II’.

3. Appointment of Mr. Nikunj Pramodkumar Kampani and Mr. Rajnish Kumar as Advisors to

Board of Directors of the Company with effect from 10th July, 2026. Detailed information as

required under Listing Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025-

CFD-POD2/I/3762/2026 dated January 30, 2026, in respect of aforesaid appointment is given

in ‘Annexure-III’.

4. Reconstitution of Committees of Board, due to appointment of new Non-Executive

Independent director of the Company, in compliance with the requirements of the Companies

Act, 2013 and SEBI Listing Regulations.

5. The Board had in-principle approved the proposal to raise funds, in the form of debt or debt

securities, from Banks, Financial Institutions (FIs), Non-Banking Financial Companies

(NBFCs), High Net Worth Individuals (HNIs), Body Corporates, or any other eligible lenders,

subject to obtaining all necessary approvals on such terms and conditions as may be mutually

agreed between them.

The Board has decided to seek approval of shareholders of the Company through Postal Ballot

by passing necessary resolution as per the provisions of Section 110 of the Companies Act,

2013.

The Notice of the Postal Ballot shall be sent through electronic mode, to those Members as on

Friday, July 3, 2026, whose e-mail addresses are registered with the Company's Registrar and

Share Transfer Agent and/or the Depositories. The remote e-voting facility shall commence on

Friday, July 10, 2026, at 09:00 A.M. (IST) and shall remain open until Saturday, August 8,

2026, at 05:00 P.M. (IST), following which the remote e-voting facility shall be disabled for

voting.

The meeting commenced at 03.00 p.m. and concluded at 04.00 p.m.

The above information can be accessed on the website of the Company at www.aerpace.com.

This is for your information and records.

Thanking You,

For Aerpace Industries Limited

_____________________

Anand Manoj Shah

Managing Director & Chief Financial Officer

DIN: 11709310

Encl: As above

----------------Page (1) Break----------------

Annexure – I

Issuance of Convertible Warrants

S.

No.

Particulars Disclosures

1. Type of securities proposed to be

issued (viz. Equity shares,

convertibles etc.)

Convertible Warrants of Re. 1 each convertible into equal

number of Equity Shares

2. Type of issuance (further public

offering, rights issue, depository

receipts (ADR/ GDR), qualified

institutions placement,

preferential allotment etc.)

Preferential Issue

3. Total number of securities

proposed to be issued or the total

amount for which the securities

will be issued (approximately)

Up to 1,50,00,000 (One Crore Fifty Lakh) Convertible

Warrants of face value of Re. 1/- each ("Warrants"), for

cash at an issue price of ₹32.55/- per Warrant (including

a premium of ₹31.55/- per Warrant), aggregating to

₹48,82,50,000/- (Rupees Forty-Eight Crore Eighty-Two

Lakh Fifty Thousand only), to NK Family Private Trust,

forming part of the Promoter Group, on a preferential

basis.

4. Number of the Investors 1 (One)

5. Names of the Investors NK Family Private Trust being a part Promoter Group

6. Issue Price ₹32.55/- per Warrant (comprising a face value of Re. 1/-

and a premium of ₹31.55/- per Warrant).

7. Post Allotment of Securities -

outcome of the subscription,

issue price/allotted price (in case

of convertibles)

Issue Price for Warrants is determined in terms of

Securities and Exchange Board of India (Issue of Capital

and Disclosure Requirements) Regulations, 2018.

Convertible Warrants would be allotted only upon

payment of 25% of the issue price of Warrants at the time

of allotment of warrants.

The conversion of the Warrants into equity shares shall

be carried out in compliance with the applicable

provisions of the SEBI (Substantial Acquisition of Shares

and Takeovers) Regulations, 2011, including the

requirements relating to disclosures and other

compliances, as may be applicable from time to time

upon such conversion.

Pre-Issue Post Allotment*

Name of

Investor

No. of

Equity

Shares

% of

Stake

No. of

Equity

Shares % of Stake

----------------Page (2) Break----------------

NK

Family

Private

Trust 10000 0.01

1,50,10,

000 8.89

*Assuming full conversion of the Warrants into equity

shares within 18 months from the date of allotment of

such Warrants.

8. In case of convertibles -

intimation on conversion of

securities or on lapse of the

tenure of the instrument;

Each Warrant is convertible into One (1) Equity Share

and the conversion can be exercised at any time within a

period of 18 months from the date of allotment of

warrants, in one or more tranches, as the case may be and

on such other terms and conditions as applicable.

An amount equivalent to 25% of the Warrant price shall

be payable on or before the date of allotment of each

Warrant and the balance 75% of the Warrant price shall

be payable by the Warrant holder against each warrant at

the time of conversion into Equity Shares pursuant to

exercise of the options against each such Warrant by the

Warrant holder.

9. Relevant date Thursday, July 09, 2026

----------------Page (3) Break----------------

Annexure-II

Appointment of Independent Director

S. No. Particulars Information of such event(s)

1. Name along with DIN Ms. Anshu Shukla Pandey (DIN: 11809932)

2. Reason for Change viz

Appointment, Resignation,

removal, death or otherwise

Appointed as an Additional Director (Non-

Executive Independent Director) for a

consecutive term of 5 (Five) years subject to

approval of shareholders of the Company.

3. Date of Appointment /

reappointment /cessation (as

applicable) & term of

appointment / reappointment

July 10, 2026

Term of Appointment: The term of his

appointment as an Independent Director shall be

for a period of five (5) years

4. Brief Profile

(In case of Appointment)

Ms. Anshu Shukla Pandey is a seasoned tax

administration and public policy professional

with over 31 years of distinguished experience in

the Indian Revenue Service (IRS). She retired as

Principal Commissioner of Income Tax and has

held several senior leadership positions in the

Income Tax Department, with expertise in tax

administration, compliance management,

international taxation, transfer pricing,

governance and institutional reforms.

She is presently associated with the International

Monetary Fund (IMF) as a Short-Term Tax

Administration Expert and is a Certified TADAT

Assessor, providing technical assistance on tax

administration reforms, compliance risk

management and audit modernisation across

various jurisdictions.

Ms. Pandey holds a Master's Degree in

International Development and Public Policy

from Duke University, USA, along with

qualifications in Law, Physics and Education.

Her extensive experience in governance, public

policy, regulatory compliance and institutional

capacity building is expected to add significant

value to the deliberations of the Board.

5. Disclosure of relationship

between directors (In case of

Appointment)

Ms. Anshu Shukla Pandey is not related to any

Director(s) of the Company as defined under the

provisions of Section 2(77) of Companies Act,

2013.

6. Confirmation in compliance with Anshu Shukla Pandey is not debarred from

----------------Page (4) Break----------------

SEBI Letter dated June 14, 2018

read along with BSE circular

Number LIST/COM/14/2018-19

and NSE circular

no.NSE/CML/2018/24 dated June

20, 2018

holding the office of Director pursuant to any

SEBI Order or Order of any such authority.

7. Shareholding, if any in the

company

She is not holding any shares in the Company.

----------------Page (5) Break----------------

Annexure-III

Appointment of Advisors to the Board of the Director

S.

No.

Particulars Information of such event(s)

1. Reason for Change viz

Appointment,

Resignation, removal,

death or otherwise

Appointment of Mr.

Nikunj Pramodkumar

Kampani, as an Advisor to

the Board of Directors of

the Company.

Appointment of Mr.

Rajnish Kumar as an

Advisor to the Board of

Directors of the Company.

2. Date of Appointment /

reappointment/cessation

(as applicable)

The Advisor shall be

appointed with effect from

July 10, 2026 and shall

continue to serve in such

capacity until such time as

the Board of Directors

decides to discontinue the

engagement. The

appointment shall be

subject to periodic review

by the Board and may be

terminated by either the

Company or the Advisor

by mutual understanding,

in accordance with the

terms of the engagement.

The Advisor shall be

appointed with effect from

July 10, 2026 and shall

continue to serve in such

capacity until such time as

the Board of Directors

decides to discontinue the

engagement. The

appointment shall be

subject to periodic review

by the Board and may be

terminated by either the

Company or the Advisor by

mutual understanding, in

accordance with the terms

of the engagement.

3. Terms and Role of

Appointment

The proposed Advisors shall act in an advisory capacity

only and shall not be appointed as Directors or Key

Managerial Personnel of the Company. They shall

neither participate in the decision-making process of the

Board nor have any voting rights. Their role shall be

limited to providing independent advice, guidance and

recommendations to the Board and the management in

their respective areas of expertise for facilitating

informed decision-making and strengthening the

Company's governance framework.

4. Brief Profile

(In case of Appointment)

Mr. Nikunj Kampani is a

technology entrepreneur

and strategic leader with

over 25 years of

experience across

telecommunications,

internet and digital

infrastructure, enterprise

technology, advanced

Mr. Rajnish Kumar is

former chairman of State

Bank of India. He

completed his 3 years term

as chairman in October

2020. He is credited with

steering the bank

successfully through very

challenging times. During

----------------Page (6) Break----------------

computing, and

technology-led business

development. His career

has evolved alongside

India's rapidly

transforming digital

ecosystem, giving him

deep practical insight into

building, integrating, and

scaling complex

technology platforms and

infrastructure-led

businesses.

his tenure, Bank developed

YONO, a digital platform,

which has established bank

as a global leader in

adoption of technology and

innovation.

5. Disclosure of relationship

between directors (In case

of Appointment)

Mr. Nikunj Kampani is

related to the

Promoter/Promoter Group

of the Company and,

accordingly, forms part of

the Promoter Group of the

Company.

NA

6. Confirmation in

compliance with SEBI

Letter dated June 14,

2018 read along with BSE

circular Number

LIST/COM/14/2018-19

and NSE circular no.

NSE/CML/2018/24 dated

June 20, 2018

NA NA

----------------Page (7) Break----------------