Aeroflex Enterprises Limited announced on April 29, 2026, that its Board of Directors has approved the sale of its 68% equity stake in subsidiary MR Organisation Limited to Ingersoll-Rand Industrial U.S., Inc for a cash consideration of ₹22,742 lakhs. The transaction, subject to customary closing conditions, marks the company's exit from the compressor parts and services business. MR Organisation Limited contributed 13.53% to the consolidated turnover and 7.34% to the consolidated net worth of Aeroflex Enterprises Limited for the financial year 2024-2025.

Aeroflex Enterprises Limited Sells 68% Stake in MR Organisation Limited for ₹22,742 Lakhs

Aeroflex Enterprises Limited announced on April 29, 2026, that its Board of Directors has approved the sale of its 68% equity stake in subsidiary MR Organisation Limited to Ingersoll-Rand Industrial U.S., Inc for a cash consideration of ₹22,742 lakhs. The decision was taken at a board meeting held on Wednesday, April 29, 2026, which commenced at 4:00 p.m. and concluded at 4:48 p.m. The transaction marks the company's strategic exit from the compressor parts and services business carried on through its subsidiary.

Transaction Details

The Board approved the Share Purchase and Subscription Agreement to be entered with Ingersoll-Rand Industrial U.S. Inc, MR Organisation Limited, and its shareholders. The sale consideration of ₹22,742 lakhs is subject to customary closing conditions. Upon successful completion of the transaction, MR Organisation Limited will cease to be a subsidiary of Aeroflex Enterprises Limited. The expected date of completion is within 120 days of signing the Share Purchase and Subscription Agreement.

Financial Impact of Subsidiary

MR Organisation Limited has been a significant contributor to the company's consolidated financials. For the financial year 2024-2025, the subsidiary's financial performance relative to the parent company was as follows:

Particulars Consolidated Amount of MRO (FY 2024-2025) Percentage of Company Consolidated (FY 2024-2025) Turnover 7,824.82 Lakhs 13.53% Networth 6,038.23 Lakhs 7.34%

Buyer Information and Regulatory Compliance

Ingersoll-Rand Industrial U.S., Inc, described as a global leader with over 160 years of presence in compressed air solutions, offers a wide range of air compressors, nitrogen generators, and PET compressors. The buyer does not belong to the promoter, promoter group, or group companies of Aeroflex Enterprises Limited. The transaction is not classified as a related party transaction and is being conducted at arm's length.

The sale is being executed outside the Scheme of Arrangement. The company has obtained necessary shareholder approval at an extraordinary general meeting held on January 27, 2026, in compliance with Regulation 37A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations. The disclosure was made under Regulation 30 read with Para A Part A of Schedule III of the SEBI LODR Regulations, 2015.

Aeroflex enterprises Limited has announced a significant corporate development involving the complete acquisition of Madhura Compressors Private Limited through its subsidiary. The transaction represents a strategic move to consolidate ownership in the compressor manufacturing business.

Acquisition Details

M.R. Organisation Limited, a subsidiary of Aeroflex Enterprises Limited, has successfully acquired the remaining 49% equity stake in Madhura Compressors Private Limited on 24 April 2026. This acquisition completes the ownership structure, transforming Madhura Compressors into a wholly owned subsidiary.

Parameter: Details Acquiring Entity: M.R. Organisation Limited Target Company: Madhura Compressors Private Limited Stake Acquired: 49% Transaction Date: 24 April 2026 New Ownership Status: Wholly owned subsidiary

Regulatory Compliance

The company has fulfilled its disclosure obligations by informing both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) about this acquisition. The notification was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates listed companies to disclose material events and corporate actions.

Corporate Structure Impact

With this acquisition, Madhura Compressors Private Limited has become a wholly owned subsidiary of M.R. Organisation Limited, which itself is a subsidiary of Aeroflex Enterprises Limited. This creates a three-tier corporate structure with enhanced operational control and strategic alignment across the group companies.

The acquisition notification was signed by Alka Gupta, Company Secretary & Compliance Officer of Aeroflex Enterprises Limited, confirming the completion of all necessary formalities for this corporate transaction.

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