Aeroflex Enterprises Subsidiary Completes Acquisition of Remaining 49% Stake in Madhura Compressors

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.

Aeroflex Enterprises Limited has successfully completed the acquisition of an additional 4% equity stake in M.R. Organisation Limited on April 21, 2026. This strategic acquisition represents the third tranche of a comprehensive Share Purchase Agreement originally executed on July 27, 2024.

Transaction Details

The acquisition involved the purchase of 1,03,350 equity shares at a price of ₹539.50 per share, resulting in a total consideration of ₹5,57,57,325. This transaction was executed pursuant to the Share Purchase Agreement dated July 27, 2024 and the Deed of Amendment dated April 21, 2026.

Parameter: Details Shares Acquired: 1,03,350 equity shares Price per Share: ₹539.50 Total Consideration: ₹5,57,57,325 Stake Acquired: 4% Transaction Date: April 21, 2026

Shareholding Enhancement

Following this acquisition, Aeroflex Enterprises' shareholding in M.R. Organisation Limited has increased from 64% to 68% of the issued and paid-up share capital. This represents a continued strengthening of the company's position in its subsidiary, demonstrating commitment to expanding its presence in the tech-based utility services sector.

About M.R. Organisation Limited

M.R. Organisation Limited operates in the tech-based last-mile utility services sector, serving end-user industries with specialized products and solutions. The company was incorporated on April 05, 2013, and has established a strong market presence over the years.

Financial Performance: Amount (₹ crores) March 2025 Turnover: 78.25 March 2024 Turnover: 68.37 March 2023 Turnover: 71.62

Business Operations and Market Presence

M.R. Organisation Limited specializes in air compressor parts and kits based on various technologies including centrifugal, oil-free, lubricated, and reciprocating systems. The company has established an extensive operational network across India with presence in all 29 states through 59 locations and 5 strategically positioned warehouses.

The company's international footprint spans 75 countries, with strategic locations in the USA, UK, Belgium, and Portugal to serve global markets effectively. This comprehensive distribution network enables the company to provide fast service and delivery times to customers both domestically and internationally.

Regulatory Compliance

The acquisition was disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The transaction constitutes a related party transaction as it involves increasing the stake in an existing subsidiary. No governmental or regulatory approvals were required for this acquisition, and the transaction was completed as scheduled on April 22, 2026.

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