Annual Report for the FY 2025-26

August 03, 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 Sub: Annual Report of the Company for the Financial Year 2025-26. Dear Sir/Madam, Pursuant to Regulation 34(1) of Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby enclose the Annual Report of the Company for the Financial Year 2025-26, which is being sent only through electronic mode to the Members. The Annual Report is also available on the Company’s website at www.aeroflexneu.com You are requested to take the above information on record. Thanking you, Yours faithfully, For Aeroflex Neu Limited Alka Premkumar Gupta Company Secretary M.No: A35442 Encl.: As above ANNUAL REPORT 2025-26 STATUTORY REPORT // 1 Board of Directors Your Company is governed by a duly constituted Board of Directors, entrusted with providing strategic guidance, oversight of management, and ensuring compliance with applicable laws and regulations. The Board functions in accordance with the provisions of the Companies Act, 2013, the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and other statutory requirements, thereby upholding the highest standards of corporate governance. The composition of the Board, along with details of its members, is set out below. Mr. Hakim Sadiq Ali Tidiwala Mr. Asad Daud Whole Time Director Non-Executive Director Mr. Hakim Sadiq Ali Tidiwala (DIN: 00119156), Whole Time Mr. Asad Daud (DIN: 02491539) has been serving as a Non- Director, has been associated with the Company since Executive Director of Aeroflex Neu Limited since April 03, 2009. He holds a Bachelor’s degree in Accounting and September 29, 1998 and is a key driving force behind its Finance from HR College, Mumbai and a Master’s degree in sustained growth. the same discipline from the London School of Economics. He has also completed Executive Education programmes With over 26 years of experience in the polymer industry, at IIM Bangalore, ISB Hyderabad and Harvard Business he possesses deep domain expertise and a strong School, Boston. understanding of evolving market dynamics. His leadership With over 16 years of experience in the manufacturing has significantly contributed to operational excellence, industry, Mr. Daud provides strong strategic leadership business expansion and long term strategic development. backed by deep financial and operational expertise. His contributions have been pivotal in driving domestic and international expansion, scaling operations, strengthening global presence and diversifying the Company’s business verticals and product portfolio through innovation and forward-looking initiatives. Mr. Harikant Ganeshlal Turgalia Mr. Sanjay Suthar Non-Executive Director Independent Director Mr. Harikant Ganeshlal Turgalia (DIN: 00049544) has Mr. Sanjay Suthar (DIN: 07777202) serves as an Independent been serving as a Non-Executive Director of the Company Director of the Company, is an accomplished finance since March 11, 2025. He is a Commerce graduate from the professional with a strong academic background and University of Udaipur and brings over 38 years of extensive extensive expertise in Accounts and Finance. He holds a experience across manufacturing, trading and finance. Master’s degree in Commerce from Mohanlal Sukhadia Mr. Turgalia possesses deep expertise in financial University, Udaipur, providing him with a solid foundation in governance, strategic planning and operational financial management, accounting principles and business management. He provides strong financial leadership and administration. plays a key role in shaping the Company's financial strategy, With over 10 years of professional experience, he overseeing capital management, risk management and has developed comprehensive skills in financial financial controls. His disciplined approach and strategic planning, budgeting, treasury management, statutory insights have contributed significantly to strengthening compliance, and financial reporting. His analytical ability, the Company's financial resilience, enhancing operational resource optimisation and commitment to informed efficiency and supporting its long-term sustainable growth. decision-making have contributed to strengthening financial discipline and supporting the overall stability and growth of the Company Ms. Asha Jain Mr. Nikhil Khanderao Raut Independent Director Independent Director Ms. Asha Jain (DIN: 00218335), Independent Director of Mr. Nikhil Khanderao Raut (DIN: 06653335), Independent the Company, brings to the Board a distinguished blend Director of the Company, holds a Bachelor of Commerce of academic excellence, financial expertise and extensive degree from the University of Mumbai, providing him with professional experience. She holds a Master of Arts (M.A.) a strong academic foundation in finance, accounting, degree in Economics from Mohanlal Sukhadia University, taxation and business management. Udaipur, equipping her with a strong foundation in With over 11 years of professional experience in accounts economic analysis, financial management and strategic and finance, he has developed comprehensive expertise in decision making. financial management, accounting practices, budgeting, With over 21 years of experience in corporate finance, compliance and financial analysis. Leveraging his academic accounting and taxation, she has developed deep expertise knowledge and practical experience, Mr. Raut has built a in financial planning and analysis, budgeting, taxation, deep understanding of financial operations and corporate financial reporting, treasury management, internal controls governance, making him a valuable contributor to the and risk management. Her comprehensive understanding Company’s financial strategy and long term growth of financial operations and regulatory compliance enables initiatives. her to effectively contribute to strategic business decisions and strengthen the Company’s governance and financial resilience. 2 // STATUTORY REPORT ANNUAL REPORT 2025-26 Corporate Information BOARD MEMBERS STAKEHOLDER RELATIONSHIP COMMITTEE Mr. Hakim Sadiq Ali Tidiwala Mr. Sanjay Suthar Whole-Time Director Chairman Mr. Asad Daud Mr. Asad Daud Non-Executive Director Member Director Mr. Harikant Ganeshlal Turgalia Mr. Hakim Sadiq Ali Tidiwala Non-Executive Director Member Director INDEPENDENT DIRECTORS CORPORATE SOCIAL RESPONSIBILITY Mr. Sanjay Suthar COMMITTEE Mr. Nikhil Khanderao Raut Mr. ASAD DAUD Mrs. Asha Jain Chairperson Mr. Hakim Sadiq Ali Tidiwala KEY MANAGEMENT Member Director Mr. Sanjay Suthar Ms. Alka Gupta Member Director Company Secretary Ms. Bhagyashree Kamble Auditors Compliance Officer Statutory Auditors Mr. Lalit Kumar Bolia M/s. H.R. Jain & Co., Chartered Accountants, Chief Financial Officer Internal Auditors M/s. A Modi & Co., Chartered Accountants Secretarial Auditors AUDIT COMMITTEE M/s. S.K. Jain & Co., Practicing Company Secretaries Mr. Sanjay Suthar Chairman Registered Office Address Mr. Hakim Sadiq Ali Tidiwala E-260-261 Mewar Industrial Area,Madri, Udaipur, Member Director Rajasthan, India, 313003 Mrs. Asha Jain Member Director IMPORTANT COMMUNICATION TO MEMBERS NOMINATION AND REMUNERATION The Ministry of Corporate Affairs has launched COMMITTEE a 'Green Initiative in Corporate Governance' by allowing companies to comply paperlessly and Mr. Sanjay Suthar has issued circulars stating that a company Chairman can serve notices and documents, including the Annual Report, by sending emails to its Mrs. Asha Jain members. To fully support this government Member Director green initiative, members who have not yet Mr. Asad Daud registered their email addresses are reques [Showing first 8,000 characters — download PDF for full document]