Aeroflex Industries Ltd Share Price – NSE  / BSE

Steel, Small Cap

Aeroflex Industries has commenced commercial production and launched a new product “Metal Bellows” with an annual production capacity of 1,20,000 pieces.

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Aeroflex Industries announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 15 January 2025.

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The announcement was made on Saturday, 14 December 2024.

Aeroflex Industries manufactures stainless steel corrugated flexible hoses and assemblies at its factory in Navi Mumbai, Maharashtra.

The company had reported 17.96% rise in consolidated net profit to Rs 13.66 crore on a 12.98% increase in sales to Rs 94.99 crore in Q2 FY25 over Q2 FY24.

The scrip had declined 1.39% to end at Rs 227.50 on the BSE on Friday.

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The Board of Aeroflex Industries at its meeting held on 14 December 2024 has approved the proposal for raising of funds in one or more tranches by way of issuance of such number of equity shares having face value Rs 2/- each of the Company (Equity Shares) for an aggregate amount not exceeding Rs 400 crore by way of qualified institutions placement (QIP) or other permissible modes in accordance with the provisions of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 as amended from time to time and other applicable laws subject to the receipt of the necessary approvals including the approval of the members of the Company and other regulatory approvals, as may be required.

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