Aeroflex Neu MD, chairman, board of directors and AGM
NSE: AERONEUBSE: 543743Industrial ProductsSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹69.29.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹173 Cr2,398th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 29 Jul 2026
- 182.2
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 8 May 2026
- 1.6
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 29 Jul 2026
- 1.0%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 29 Jul 2026
- 0.4%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 8 May 2026
- 0.23
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 97,92936.2% delivered
Aeroflex Neu board of directors
At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- ChairpersonHakim Sadiq Ali Tidiwala
- Company SecretaryAlka Premkumar Gupta
8 directors5 independent1 executive2 non-executive
- Hakim Sadiq Ali Tidiwala · ChairpersonExecutive · joined Sep 1998 · 1 listed board · 2 committee seats
- Asad DaudNon-executive · joined Apr 2009 · 3 listed boards · 4 committee seats
- Harikant Ganeshlal TurgaliaNon-executive · joined Mar 2025 · 3 listed boards · 3 committee seats, 1 as chair
- Sanjay SutharIndependent · joined Mar 2017 · reappointed Mar 2022 · 114 months as independent · 1 listed board · 1 as independent · 2 committee seats, 2 as chair
- Nikhil Khanderao RautIndependent · joined Mar 2017 · reappointed Mar 2022 · 114 months as independent · 1 listed board · 1 as independent
- Asha JainIndependent · joined Jul 2023 · reappointed Jul 2023 · 38 months as independent · 1 listed board · 1 as independent · 1 committee seat
- Arpit KalaniIndependent · joined Jul 2026 · reappointed Jul 2026 · 2 months as independent · 1 listed board · 1 as independent
- Tapan Tanmay KothariIndependent · joined Jul 2026 · reappointed Jul 2026 · 2 months as independent · 1 listed board · 1 as independent
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
2 directors who left
- Ramesh Chandra Soni, left 11 Mar 2025: Tenure Completion
- Murtaza Ali Moti, left 12 Feb 2025: Others
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 23 Sep 20267 of 7 present4 independent · 14 days in between
- 8 Sep 20267 of 7 present4 independent · 14 days in between
- 24 Aug 20267 of 7 present4 independent · 25 days in between
- 29 Jul 20267 of 7 present4 independent · 13 days in between
4 earlier meetings
- 15 Jul 20266 of 6 present3 independent · 29 days in between
- 15 Jun 20266 of 6 present3 independent · 27 days in between
- 18 May 20266 of 6 present3 independent · 9 days in between
- 8 May 20266 of 6 present3 independent
Audit Committee
Chair Sanjay Suthar
Hakim Sadiq Ali Tidiwala, Asha Jain
- 23 Sep 20263 of 3 present2 independent
- 29 Jul 20263 of 3 present2 independent · 13 days in between
- 8 May 20263 of 3 present2 independent
Nomination and remuneration committee
Chair Sanjay Suthar
Asha Jain, Asad Daud
- 15 Jul 20263 of 3 present2 independent · 67 days in between
Stakeholders Relationship Committee
Chair Sanjay Suthar
Asad Daud, Hakim Sadiq Ali Tidiwala
- 29 Jul 20263 of 3 present1 independent
- 8 May 20263 of 3 present1 independent
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditor
Named in the results for the quarter to Jun 2026.
- H R Jain & Co.Peer-review certificate valid to Jan 2027
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
Aeroflex Neu AGM and shareholder votes
Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Aeroflex Neu dividend history
Extraordinary general meeting, 22 Oct 2026
6,004 shareholders on the register on 15 Oct 2026; present: 2 promoters and 40 others; votes counted by Ashok Modi / A MODI & CO.The company's voting result (opens in a new tab)
- Approval for Alteration of object clause of the Memorandum of Association of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 68.68% · promoters 100.00% · institutions 0.01% · other public 23.18%
- Approval for modification of objects of utilisation of proceeds from preferential issue of warrantsSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 68.68% · promoters 100.00% · institutions 0.01% · other public 23.18%
- Approval of Material Related Party Transaction with Aeroflex Enterprises LimitedOrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 3.78% · promoters 0.00% · institutions 0.01% · other public 10.66%
- Approval of Material Related Party Transaction with Aeroflex Finance Private LimitedOrdinaryPromoters have an interest in it100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 3.78% · promoters 0.00% · institutions 0.01% · other public 10.66%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 25 Aug 2026, 9 resolutions
5,716 shareholders on the register on 18 Aug 2026; present: 2 promoters and 41 others; votes counted by Ashok Modi / A MODI & CO.The company's voting result (opens in a new tab)
To receive, consider and adopt: (a) the Audited Standalone Financial Statement of the Company for the financial year ended March 31, 2026, together with the Reports of the Board of Directors` and the Auditors` thereon; and (b) the Audited Consolidated Financial Statement of the Company for the financial year ended March 31, 2026, together with the Report of the Auditors` thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 66.96% · promoters 100.00% · institutions 0.00% · other public 18.31%
- To re-appoint a Director in place of Mr. Asad Daud (DIN: 02491539), who retires by rotation and being eligible, offers himself for re-appointment.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 66.96% · promoters 100.00% · institutions 0.00% · other public 18.31%
- Approval of Material Related Party Transactions with Lion Houseware Private LimitedOrdinaryPromoters have an interest in it99.79% for0.21% against
Against: promoters 0.00% · institutions 0.00% · other public 0.21%
Turnout: all 0.01% · promoters 0.00% · institutions 0.00% · other public 0.04%
- Approval of Material Related Party Transaction with Safe Polymer Private LimitedOrdinaryPromoters have an interest in it99.79% for0.21% against
Against: promoters 0.00% · institutions 0.00% · other public 0.21%
Turnout: all 0.01% · promoters 0.00% · institutions 0.00% · other public 0.04%
- Approval of Material Related Party Transaction with Mr. Asad Daud, Director of the CompanyOrdinaryPromoters have an interest in it99.70% for0.30% against
Against: promoters 0.00% · institutions 0.00% · other public 0.30%
Turnout: all 0.01% · promoters 0.00% · institutions 0.00% · other public 0.04%
- Approval of Material Related Party Transaction with Mrs. Shehnaz D. Ali, a Relative of a Director of the CompanyOrdinaryPromoters have an interest in it99.70% for0.30% against
Against: promoters 0.00% · institutions 0.00% · other public 0.30%
Turnout: all 0.01% · promoters 0.00% · institutions 0.00% · other public 0.04%
- Modifying the Objects of the Preferential Issue as stated in the EGM Notice dated May 14, 2025 and alteration for utilization thereofSpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 66.96% · promoters 100.00% · institutions 0.00% · other public 18.31%
- Appointment of Mr. Arpit Kalani (DIN: 09734386) as an Independent Director of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 66.96% · promoters 100.00% · institutions 0.00% · other public 18.31%
- Appointment of Mr. Tapan Tanmay Kothari (DIN: 11798942) as an Independent Director of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 66.96% · promoters 100.00% · institutions 0.00% · other public 18.31%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- No
- The company has a risk management committee
- No
- The chair is related to the managing director
- No
- The filing has a part on fines and penalties
- No
- The filing has a part on tax disputes
- No
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.
How money raised was used
Reported for the quarter to Jun 2026. A preferential issue sells new shares to chosen investors rather than to the public. A warrant or partly paid issue plans the whole issue while the money comes in over time, so the amount set aside can be more than raised so far.
| Raised | Amount raised | For | Set aside | Spent | Spent elsewhere |
|---|---|---|---|---|---|
| Preferential IssuesJul 2025 | 64.80 | To Construct, build, operate, establish, develop, acquire, purchase of land for, and invest in, Plug and Play Office complex, AI Park, IT Park, residential and industrial complexes through self, subsidiary or in joint collaboration | 40.00 | 0.00 | No |
| Preferential IssuesJul 2025 | 64.80 | Long-term working capital requirements | 12.00 | 2.75 | No |
| Preferential IssuesJul 2025 | 64.80 | Preferential Issue expenses | 0.25 | 0.10 | No |
| Preferential IssuesJul 2025 | 64.80 | General Corporate Purpose | 12.55 | 5.10 | No |