General Updates

October 28, 2026 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 Mumbai – 400001 Bandra (E), Mumbai – 400 051 Scrip Code: 543972 Trading Symbol: AEROFLEX Subject : Investor Presentation for the Quarter and Half Year ended September 30, 2026 Dear Sir/Ma’am, Pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligation and Disclosure Requirements) Regulations, 2015, we enclosed herewith the Investor Presentation for the quarter and half year ended September 30, 2026. Kindly take the same on your record. Thanking you Yours faithfully, FOR AEROFLEX INDUSTRIES LIMITED Ruthu Parampogi Company Secretary & Compliance Officer Mem No: A60982 Encl.: As stated above Aeroflex Industries Limited Engineering the next intelligence Investor Presentation – October 2026 Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Aeroflex Industries Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe to any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company. This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. This presentation contains certain forward looking statements concerning the Company’s future business prospects and business profitability, which are subject to a number of risks and uncertainties and the actual results could materially differ from those in such forward looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, competition (both domestic and international), economic growth in India and abroad, ability to attract and retain highly skilled professionals, time and cost over-runs on contracts, our ability to manage our international operations, government policies and actions, regulations, interest and other fiscal costs generally prevailing in the economy. The Company does not undertake to make any announcement in case any of these forward looking statements become materially incorrect in future or update any forward looking statements made from time to time by or on behalf of the Company. Q2 & H1 FY27 Performance Highlights Highest ever financial performance (Consolidated) Total Income EBITDA EBITDA Margin PAT Rs 207.68 Crs Rs 50.34 Crs 24.27% Rs 36.56 Crs Q2FY27 (+87% YoY) (+94% YoY) (+93 bps YoY) (+157% YoY) 23.77% Rs 55.35 Crs Rs 353.66 Crs Rs 83.83 Crs H1FY27 (+258 bps YoY) (+159% YoY) (+81% YoY) (+103% YoY) Key Highlights • Delivered the highest-ever quarterly performance, with quarterly revenue crossing the Rs 200 Crs milestone for the first time • EBITDA margin improved by 93 bps YoY to 24.27% in Q2FY27, driven by higher contribution from high-value products and improved operating leverage. • Effective April 1, 2026, the Company changed its depreciation method from WDV to SLM. The change has been accounted for prospectively as a change in accounting estimate. • Company has announced the merger of Hyd-Air Engineering with Aeroflex Industries and is aimed at strategically integrating operations to create a more streamlined and efficient business structure • Successfully completed capacity expansion of the SS Hose & Braiding Division to 20 million meters p.a. and Liquid Cooling Skid Assemblies to 12,000 pieces p.a., with further ongoing expansion of skid assembly capacity to 15,000 pieces p.a. by December 2026 • Announced the next phase of capacity expansion, targeting SS Hose & Braiding capacity of 30 million meters p.a. and doubling Liquid Cooling Skid Assemblies capacity from 15,000 pieces p.a. to 30,000 pieces p.a. by March 2028 with total investment of Rs 202 Crs • Demonstrating its strong commitment to R&D and innovation, the Company has been granted an Indian patent for its innovative technology for automatically generating 3D CAD models of braided hose assemblies • Improved working capital days as on September 30, 2026, with continued focus on optimising the working capital cycle and further strengthening the balance sheet. MD’s Commentary Commenting on the performance, Managing Director Mr. Asad Daud stated, “We are pleased to deliver our highest-ever quarterly and half-yearly performance, with quarterly revenue crossing Rs 200 Crs for the first time, reflecting strong execution and sustained demand across our product portfolio. Looking ahead, we expect continued revenue growth and progressive improvement in EBITDA margins, supported by planned capacity expansion, higher utilisation levels and operating leverage. Our focus remains on disciplined execution, efficient capital deployment and operational efficiencies to enhance profitability and deliver sustainable, long-term value.” Change in Depreciation Method: During the quarter, the Company changed its depreciation method from the WDV to the SLM Method. The change better reflects the expected pattern of consumption of economic benefits, considering the sustained operating performance of the machinery, effective maintenance and the useful life of the assets. Merger of Hyd-Air Engineering: The Company has announced the merger of Hyd-Air Engineering with itself and is aimed at strategically integrating operations to create a more streamlined and efficient business structure. By bringing Hyd-Air’s capabilities within Aeroflex, we can leverage existing infrastructure, optimise resource allocation, and build greater flexibility to scale in-house capabilities in line with evolving business requirements. The consolidation is expected to eliminate operational overlaps, simplify the corporate structure, and reduce administrative and compliance-related costs, while enabling better coordination, improved resource utilisation, and more efficient deployment of capital. Data Centre Liquid Cooling: The accelerating adoption of AI and high-performance computing is increasing data centre power density and driving demand for advanced cooling solutions. This presents a significant opportunity for the Company both in India and Globally. The Company is focused on expanding its network of technology and business partners to strengthen its liquid cooling capabilities and address this evolving market. Hose & Braid - Business Outlook: Demand across the Company's core flow-control businesses remains encouraging, particularly in the US and Europe. Ports and terminals have emerged as a key contributor, with substantial growth recorded in the segment. The Company expects its established product portfolio to continue benefiting from these opportunities, alongside the emergence of new applications. Key Operational Highlights - Consolidated Product Segment Domestic : Export Mix 25% 24% 48% 47% + 52% YoY + 40% YoY 60% 59% 74% 73% Absolute Revenue 34% 35% Absolute Revenue Growth Growth + 178% YoY 52% 53% + 44% YoY 41% 41% 40% 41% Absolute Revenue Absolute Revenue 26% 27% Growth Growth Q2FY26 Q2FY27 H1FY26 H1FY27 Q2FY26 Q2FY27 H1FY26 H1FY27 SFN Skid Assemblies Exports Domestic Geographical Split : Exp [Showing first 8,000 characters — download PDF for full document]