Enter into the business of manufacture and exporting of wire and cables with an acquisition of equity shares of Aerolex Cables Private Limited.

October 30, 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, Sub Outcome of the Board Meeting held on Friday, October 30, 2026 Pursuant to Regulations 30 and 33(3) of the SEBI (Listing Obligations and Disclosure Requirements) inter alia Regulations, 2015, we wish to inform you that the Board of Directors of the Company, at its meeting held today, i.e., Friday, October 30, 2026, , considered and approved the following matters: 1. Unaudited Standalone and Consolidated Financial Results of the Company for the quarter and half year ended September 30, 2026, along with the Statutory Auditors’ Limited Review Reports. Copies of the results and reports are enclosed. 2. Enter into the business of manufacture and exporting of wire and cables with an acquisition of 1,10,000 Equity Shares constituting 55% of the issued and paid-up share capitalof Aerolex Cables Private Limited (“Aerolex”) for a purchase consideration of ₹3,100 lakhs. The Board further approved drafts of Share Purchase Agreement, Shareholders Agreement and other ancillary transaction documents. On completion of the transaction, Aerolex will become a subsidiary of the Company. The Company shall acquire additional shares in Aerolex in one or more subsequent tranches, subject to the terms of the definitive agreements to be signed by the parties. The acquisition supports the Company’s growth and diversification plans by enabling it to enter and expand into the manufacturing of wire and wire-related products business. It will broaden the Company’s product range and strengthen its position in the AI Infra and Data Centre sector to establish an integrated platform for high-tech and critical engineering solutions. Further, the details as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Annexure A. Requirements) Regulations, 2015 read with SEBI Circular No. HO/49/14/14(7)2025-CFD- POD2/I/3762/2026 dated January 30, 2026, is enclosed as The meeting of the Board of Directors commenced at 03:30 p.m. and concluded at 05:30 p.m. Kindly take the same on record. Thanking you, Yours faithfully, For Aeroflex Neu Limited Alka Premkumar Gupta Company Secretary Membership No: A35442 Encl: As above Annexure A Disclosure of information pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015: Sr. Details of events that need to be Information about such events No. informed 1 Name of the target entity, details in Aerolex Cables Private Limited brief such as size, turnover etc. Turnover (FY 2025-26): ₹55.16 Crores 2 Whether the acquisition would fall No. The proposed acquisition does not constitute within related party transaction(s) a related party transaction. Neither the promoter, and whether the promoter/ promoter group nor group companies have any promoter group/ group companies i nterest in the target entity. have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at “arm’s length” 3 Industry to which the entity being Wire and Cable Industry acquired belongs 4 Objects and impact of acquisition The acquisition will enable the Company to enter (including but not limited to, into and expand its presence in the business of disclosure of reasons for acquisition manufacturing, trading, importing, exporting, of target entity, if its business is marketing, supplying and distributing various outside the main line of business of types of wires and wire-related products, thereby the listed entity) diversifying its operations, broadening its product portfolio and strengthening its position in the industrial manufacturing sector. 5 Brief details of any governmental or Not Applicable regulatory approvals required for the acquisition 6 Indicative time period for The first tranche acquisition of 55% shareholding completion of the acquisition is proposed to be completed within 60 days from the date of Board approval, subject to satisfaction of customary closing conditions and execution of definitive transaction documents. Subsequent tranche acquisitions, shall be undertaken in accordance with the terms of the definitive transaction documents. 7 Consideration - whether cash Cash consideration consideration or share swap or any other form and details of the same 8 Cost of acquisition and/or the price In the first tranche, the Company has approved at which the shares are acquired the acquisition of 1,10,000 Equity Shares representing 55% of the issued and paid-up share capital of Aerolex at a price of ₹2,818.50 (Rupees Two Thousand Eight Hundred Eighteen and Fifty Paise Only) per equity share aggregating to ₹31,00,35,000/- (Rupees Thirty-One Crore Thirty-Five Thousand Only). Future tranches for acquiring the Target’s equity shares will be carried out at a pre-agreed valuation matrix in accordance with the definitive transaction documents. 9 Percentage of shareholding / Upon completion of the first tranche acquisition, control acquired and / or number of the Company will acquire 1,10,000 Equity Shares shares acquired constituting 55% of the issued and paid-up share capital of Aerolex and, Aerolex will become a subsidiary of the Company. Thereafter, the Company shall acquire additional shares in Aerolex in one or more subsequent tranches at a pre-agreed valuation matrix in aLcincoer odfa nBcues inweistsh: the definitive transaction documents. 10 Brief background about the entity Manufacturing and trading of acquired in terms of products/line vKaeryio Purso tdyupcetss o:f wires and wire-related products. of business acquired, date of incorporation, history of last 3 Date of Incor Ipnodruasttiroianl: and Specialty Wires. years turnover, country in which the acquired entity has presence Year wise Turnover (aud iSteepdt)e ims baesr f o0ll6o, w2s0: 05 and any other significant information (in brief); Financial Year Turnover (FY) (Crores) 2025-26 ₹55.16 2024-25 ₹44.60 Geogra2p0h2ic3a-2l 4Presence: ₹40.66 Other Significant Inform Iantdioian. : None H RJAIN & Co CHARTERED ACCOUNTANTS INDEPENDENT AUDITOR•S REVIEW REPORT ON REVIEW OF INTERIM CONSOLIDATED FINANCIAL RESULTS TO THE BOARD OF DIRECTORS OF AEROFLEX NEU LIMITED (formerly known as Sah Polymers Limited) 1. We have reviewed the accompanying Statement of Consolidated Unaudited Financial Results of AEROFLEX NEU LIMITED (formerly known as Sah Polymers Limited) ("the Parent") ") and its subsidiary viz; Fibcorp Polyweave Private Limited (the Parent and its subsidiary together referred to as "the Group"), for the quarter ended September 30,2026, and year to date from April 1,2026 to September 30,2026 ("the Statement") (refer note 4) , being submitted by the Parent pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended("the Listing Regulations"). 2. This Statement, which is the responsibility of the Parent's Management and approved by the Parent's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial Reporting" (Ind AS 34), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India (ICAI). A review of interim finan [Showing first 8,000 characters — download PDF for full document]