Aeroflex Neu

Aeroflex Neu Limited's board approved the sale of its 51.01% equity stake in Fibcorp Polyweave Private Limited to Murtaza Ali Moti and Fatima Moti for ₹192.12 lakhs. The transaction, to be completed within 180 days, will result in Fibcorp ceasing to be a subsidiary. The subsidiary contributed 32.65% of the company's turnover for the year ended March 2026. Separately, the board appointed two independent directors and modified the objects for utilisation of proceeds from a prior preferential issue of warrants to include real estate and hospitality projects.

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Aeroflex Neu Ltd has scheduled a board meeting on July 15, 2026 to consider the sale or disposal of its equity stake in Fibcorp Polyweave Private Limited, a material subsidiary. The company informed stock exchanges on July 10, 2026. No financial terms or rationale were disclosed, but the proposed transaction could reshape the company's portfolio.

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July 10 (Reuters) - Aeroflex Neu Ltd AERL.NS:

• TO CONSIDER SALE OF EQUITY STAKE IN FIBCORP POLYWEAVE PRIVATE

Source text: ID:nBSE68V1F6

Further company coverage: AERL.NS

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June 6 (Reuters) - SAH Polymers Ltd SAHE.NS:

• DISINVESTMENT OF ENTIRE EQUITY SHARES IN FIBCORP POLYWEAVE

• ISSUANCE OF 7.2 MILLION WARRANTS ON PREFERENTIAL BASIS

• ISSUE PRICE SET AT 90 RUPEES PER WARRANT

Source text: ID:nNSE9L4kXw

Further company coverage: SAHE.NS

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** Shares of Sah Polymers SAHE.NS fall 3.2% to 85.4 rupees

** Polymer products maker reports consolidated net loss of 3.6 million rupees ($42,643.42) for Q4 compared to a profit of 1.1 million rupees, a year ago

** Revenue rises 4.5%, while expenses jump 8%

** SAHE is up 2.5% so far in 2025

($1 = 84.4210 Indian rupees)

(Reporting by Nishit Navin)

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