Change in Management

July 15, 2026 ANL/Stock Exchanges/2026-27 To, To, The General Manager, The Listing Department. Department of Corporate Services, National Stock Exchange of India Limited BSE Limited, Exchange Plaza, C-1, Block G P.J. Towers, Dalal Street, Bandra Kurla Complex Company Code No.: 543743 Trading Symbol: AERONEU Mumbai – 400 001 Bandra (E), Mumbai – 400 051 Dear Sir/Madam, Subject: Disclosure under Regulation 30 of Securities and Exchange Board of India ('SEBI') (Listing Obligations and Disclosure Requirements) Regulations, 2015 Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors of the Company, at its meeting held today, i.e., Wednesday, July 15, 2026, has, inter alia, considered and approved the following matters: Appointment of Mr. Arpit Kalani (DIN: 09734386) as an Additional Independent Director Based on the recommendation of the Nomination and Remuneration Committee, the Board of Directors has approved the appointment of Mr. Arpit Kalani (DIN: 09734386) as an Additional Director in the category of Non-Executive Independent Director of the Company, with effect from July 15, 2026, subject to the approval of the shareholders by way of a Special Resolution at the ensuing 34th Annual General Meeting of the Company. The details required pursuant to SEBI Circular No. HO/49/14/14(7)2025-CFD- POD2/I/3762/2026 are enclosed as Annexure A. Appointment of Mr. Tapan Tanmay Kothari (DIN: 11798942) as an Additional Independent Director Based on the recommendation of the Nomination and Remuneration Committee, the Board of Directors has approved the appointment of Mr. Tapan Tanmay Kothari (DIN: 11798942) as an Additional Director in the category of Non-Executive Independent Director of the Company, with effect from July 15, 2026, subject to the approval of the shareholders by way of a Special Resolution at the ensuing 34th Annual General Meeting of the Company. The details required pursuant to SEBI Circular No. HO/49/14/14(7)2025-CFD- POD2/I/3762/2026 are enclosed as Annexure B. Approval for Sale/Disposal of Equity Stake in Material Subsidiary We wish to inform you that the Board of Directors has approved the sale/disposal of the Company's entire holding of 33,884 equity shares of ₹100/- each, constituting 51.01% of the paid-up equity share capital of Fibcorp Polyweave Private Limited (“FPPL”), a material subsidiary of the Company. The Board has further approved the draft Share Purchase Agreement (“SPA”) among Aeroflex Neu Limited (formerly known as Sah Polymers Limited), Fibcorp Polyweave Private Limited, Mr. Murtaza Ali Moti and Mrs. Fatima Moti for a sale consideration of ₹192.12 Lakhs (Rupees One Hundred and Ninety- Two Lakhs and Twelve Thousand Only), payable in accordance with the terms and conditions of the Share Purchase Agreement. Consequent to the completion of the proposed transaction, including, Fibcorp Polyweave Private Limited (“FPPL”) shall cease to be a subsidiary of the Company with effect from the date of closing of the transaction. The details required pursuant to SEBI Circular No. HO/49/14/14(7)2025-CFD- POD2/I/3762/2026 are enclosed as Annexure C 4. Modification in the Objects for Utilisation of Proceeds from Preferential Issue of Warrants, subject to the approval of the Members of the Company The Board of Directors of the Company, at its meeting held today, i.e., Wednesday, July 15, 2026, has, approved the alteration in the Objects of the Issue as given in the explanatory statement attached to the Notice of the Extra Ordinary General Meeting held on 6 June 2025 under the clause titled “Objects of the Preferential Issue” by deleting the existing sub-clause and instead substituting the following: “To construct, build, operate, establish, develop, acquire, purchase of land for, and invest in Plug and Play Office Complexes, AI Parks, IT Parks, Data Centers, residential and industrial complexes, including hotels, resorts and other hospitality-related businesses, whether directly or through subsidiary(ies) or in joint collaborations.” Subject to requisite approvals/permissions/consents/sanctions etc. The meeting of the Board of Directors commenced at 3:30 P.M. and concluded at 4:30 P.M. on July 15, 2026. Kindly take the same on your records. Thanking you, Yours faithfully, For Aeroflex Neu Limited Alka Premkumar Gupta Company Secretary EMnecml:Absearbshoivpe N o: A35442 ANNEXURE -A Details as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular HO/49/14/14(7)2025- CFDPOD2/I/3762/2026 dated 30th January, 2026: Reason for change viz. Mr. Arpit Kalani (DIN: 09734386) as an Additional appointment, reappointment, Independent Director of the Company, to be resignation, removal, death or designated as a Non-Executive Independent otherwise Director, subject to the approval of the shareholders by way of a Special Resolution at the ensuing 34th Annual General Meeting of the Company. Date of appointment Wednesday, July 15, 2026 for a term of 5 years /reappointment/ cessation (as applicable) & term of appointment! reappointment Brief profile (in case of Mr. Arpit Kalani is an Associate Company appointment) Secretary with expertise in secretarial practices, corporate compliances, and allied legal and regulatory matters. He possesses hands-on experience in managing statutory and regulatory compliances under the Companies Act and other applicable laws. He is proficient in various application software and has a sound understanding of accounting, finance, taxation, auditing, legal drafting, and corporate laws. His well-rounded skill set enables him to effectively support governance frameworks and ensure regulatory adherence across business operations. Disclosure of relationships Mr. Arpit Kalani (DIN: 09734386) is not related to between directors (in case of any director of the Company. appointment of a director) Information as required pursuant Mr. Arpit Kalani (DIN: 09734386) is not debarred to SEBI Letter dated June 14, 2018 from holding the office of Director by virtue of any read with BSE Circular No. S EBI Order or any other such Authority. LIST/COMP/ 14/2018-19 and NSE Circular No. NSE/CML/20 18/24 d ated June 20, 2018 ANNEXURE -B Details as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular HO/49/14/14(7)2025- CFDPOD2/I/3762/2026 dated 30th January, 2026 Reason for change viz. Mr. Tapan Tanmay Kothari (DIN: 11798942) as an appointment, reappointment, Additional Independent Director of the Company, to resignation, removal, death or be designated as a Non-Executive Independent otherwise Director, subject to the approval of the shareholders by way of a Special Resolution at the ensuing 34th Annual General Meeting of the Company. Date of appointment Wednesday, July 15, 2026 for a term of 5 years /reappointment/ cessation (as applicable) & term of appointment or reappointment Brief profile (in case of Mr. Tapan Tanmay Kothari holds a Master of appointment) Business Administration (MBA) and Master of Commerce (M. Com), bringing with them a strong academic foundation in management, finance, and business operations. He possesses diversified professional experience across banking, administration, sales, and event management. He brings with him a blend of managerial, o perational, and business development expertise. Disclosure of relationships Mr. Tapan Tanmay Kothari (DIN: 11798942) is not between directors (in case of related to any director of the Company. appointment of a director) Information as required Mr. Tapan Tanmay Kothari (DIN: 11798942) is not pursuant to SEBI Letter dated debarred from holding the office of Director by June 14, 2018 read with BSE virtue of any SEBI Order or any other such Circular No. A uthority. LIST/COMP/ 14/2018-19 and N [Showing first 8,000 characters — download PDF for full document]