Aeroflex Neu543743EGM

EGM outcome: all four resolutions passed, including objects clause change and two related-party approvals

Aeroflex Neu Ltd held its Extraordinary General Meeting on October 22, 2026, from 11:00 a.m. to 11:28 a.m.

By ScoutQuest · Thu 22 Oct 2026, 6:19 PM IST · 2 min read

42Members/authorised representatives - Total

Members/authorised representatives - Public40

Members/authorised representatives - Promoter and Promoter Group2

Members/authorised representatives - Total 42: Members/authorised representatives - Public 40, Members/authorised representatives - Promoter and Promoter Group 2.

EGM Date and Duration: October 22, 2026, from 11:00 a.m. to 11:28 a.m.
Resolutions Passed: Four resolutions — two Special and two Ordinary — all declared duly passed with the requisite majority
Members Attending: 42 members/authorised representatives — 2 from the Promoter and Promoter Group and 40 from the public

WHAT WAS DECIDED

The Extraordinary General Meeting (EGM) of Aeroflex Neu Limited was held on Thursday, October 22, 2026 at the registered office at E-260-261, Mewar Industrial Area, Madri, Udaipur. The meeting began at 11:00 a.m. and concluded at 11:28 a.m.

Four items of business were placed before members

Alteration of the object clause of the Memorandum of Association of the Company — Special resolution
Modification of objects of utilisation of proceeds from the preferential issue of warrants — Special resolution
Material Related Party Transaction with Aeroflex Enterprises Limited — Ordinary resolution
Material Related Party Transaction with Aeroflex Finance Private Limited — Ordinary resolution

HOW THE VOTING WORKED

Remote e-voting facility was provided through Central Depository Services (India) Limited and was open from Monday, October 19, 2026 at 9:00 a.m. until Wednesday, October 21, 2026 at 5:00 p.m. Members present in person or by proxy who had not voted electronically could vote through ballot papers at the meeting. Mr. Ashok Modi, Proprietor of A. Modi & Co., Chartered Accountants, was appointed Scrutinizer to scrutinise the remote e-voting and ballot papers.

THE OUTCOME

After the conclusion of the EGM and receipt of the Scrutinizer's Report, all the resolutions set out in the Notice convening the meeting dated September 23, 2026 were declared to have been duly passed by the members with the requisite majority. The consolidated results of remote e-voting and ballot-paper voting were to be submitted to the stock exchanges, uploaded on the Company's website and made available on the CDSL website.

WHO ATTENDED

42 members or authorised representatives were present — 2 from the Promoter and Promoter Group and 40 from the Public. Directors and key managerial personnel present included Mr. Hakim Sadiq Ali Tidiwala (Whole Time Director), Mr. Sanjay Suthar (Independent Director and Chairman of the Audit Committee, Nomination & Remuneration Committee and Stakeholders Relationship Committee), Mr. Tapan Kothari and Mr. Arpit Kalani (Independent Directors), and Ms. Alka Premkumar Gupta (Company Secretary). The Statutory Auditors (M/s. H. R. Jain & Co.) and the Internal Auditor and Scrutinizer (M/s. A. Modi & Co.) were in attendance. Mr. Hakim Sadiq Ali Tidiwala chaired the meeting.

WHAT IT MEANS FOR RETAIL INVESTORS

The two Special resolutions relate to the Company's objects clause in the Memorandum of Association and to how proceeds from a preferential issue of warrants are to be used — both changes require approval of at least three-fourths of votes cast. The two Ordinary resolutions approve Material Related Party Transactions with Aeroflex Enterprises Limited and Aeroflex Finance Private Limited, both group entities. All four were declared passed with the requisite majority, so the changes and the related-party transactions as set out in the Notice dated September 23, 2026 stand approved by members.

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