Aerpace Industries Board Approves Financial Results, Reallocates Preferential Issue Proceeds

Aerpace Industries Limited announced that its Board of Directors, in a meeting held on October 19, 2026, approved the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. The Board also approved a variation in the objects of a Preferential Issue and re-allocation of unutilized proceeds. This involves re-allocating ₹30.00 crores from the balance consideration receivable upon warrant conversion. Of this, ₹15.00 crores will be for Capital Expenditure and ₹15.00 crores for repayment of loans. The remaining balance will be used for original objects. The company had previously allotted 1,50,00,000 convertible warrants on September 26, 2026, at ₹332.55 per warrant, aggregating to ₹48,82,50,000. A sum of ₹7,50,00,000 was utilized for mobilization advances.