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    AEROFLEX INDUSTRIES LTD.

    22 January 2025 | 03:58

    Industry >> Steel - General

    Select Another Company

    ISIN No INE024001021 BSE Code / NSE Code 543972 / AEROFLEX Book Value (Rs.) 24.43 Face Value 2.00
    Bookclosure 05/07/2024 52Week High 257 EPS 3.23 P/E 72.55
    Market Cap. 3027.65 Cr. 52Week Low 115 P/BV / Div Yield (%) 9.58 / 0.11 Market Lot 1.00
    Security Type Other

    History of Company

    The company history sections lists out major chronological events that happened to the company.

    The Company was originally incorporated as `Suyog Intermediates Private Limited' as a private limited company under the Companies Act, 1956 with the Registrar of Companies, Maharashtra, Mumbai vide certificate of incorporation dated October 19, 1993. Pursuant to special resolution passed by shareholders of the Company in extra-ordinary general meeting dated October 03, 1998, the name of the Company was changed to `Aeroflex Industries Private Limited' and a fresh certificate of incorporation dated October 28, 1998 was issued by Registrar of Companies Maharashtra, Mumbai. Subsequently, pursuant to a special resolution passed by shareholders of the Company in the extra-ordinary general meeting dated July 25, 2006 the Company was converted from a private limited company to a public limited company and consequently the name of the Company was changed to `Aeroflex Industries Limited', and a fresh certificate of incorporation dated August 23, 2006 U24110MH1993PLC074576 was issued to the Company by the Registrar of Companies, Maharashtra, Mumbai. For details of change in the name of the Company and Registered Office of the Company, please refer to chapter titled "History and Certain Corporate Matters" on page 183 of this Red Herring Prospectus. On April 02, 2018, Sat Industries Limited, the Promoter, acquired the Company from the erstwhile promoters of the Company. This acquisition was pursuant to settlement process as the Company turned non-performing and the erstwhile promoters approached the current Promoter for bail-out by taking over the control and management of the Company and settling all dues to lenders. Pursuant to the said acquisition, the Promoter approached lenders and settled their claims and upon settlement, the lenders issued no dues certificate/charge satisfaction letter.

    Major Events and Milestones :

    1993
    - Incorporation of the Company as a private company with the name `Suyog Intermediates Private Limited'.

    2007
    - `One Star Export House' certification received from Government of India

    2011
    - Tie-up with `Victaulic U.S.A.'

    2014
    - Entry of the Company into the Chinese market

    2015 & 2016
    - Export operations of the Company extended beyond fifty (50) countries
    - Company surpassed a gross turnover of Rs. 1,000.00 million

    2019
    - Incorporation of the U.K. Subsidiary

    2020
    - Development of `Turbine Hose Assemblies'
    - Export operations of the Company extended beyond eighty (80) countries

    2021 & 2022
    - `Two Star Export House' certification received from Government of India

    2022
    - Company surpassed gross turnover of Rs. 2,000.00 million recording a growth of 66.03%. compared to previous Fiscal
    - Great Place to Work certificate issued by Great Place to Work Institute, India.

    2023 -.Company Approved the plan for setting up a separate project for Metal Bellows and Expansion Joint, to be completed in two phases

    2024 -The company has received an award for top 20 innovators of 2024 in India. -The Company has informed the successfully completion of Acquisition of M/s.Hyd- Air Engineering Private Limited.

    Way2Wealth Brokers Private Limited - CIN U67120KA2000PTC027628 Stock Broking: SEBI Regn No.: INZ000178638 | Exchange Membership ID: NSE: 11502, BSE: 3117, MSEI:51000, MCX: 56730 Depository Participant: SEBI Regn No. IN-DP-472-2020 | CDSL ID: 12062900 & 12031500, NSDL ID: IN303077 PMS: SEBI Regn No.INP000000829 | Register with AMFI ARN: 77558 (Date of Initial registration - 8th Dec 2009, Date of expiry - 24th Jan 2027) | PFRDA: POP226012019

    Way2Wealth Commodities Private Limited - CIN U51229KA2006PTC039880 Stock Broking: SEBI Regn No.: INZ000049130 | Exchange Membership ID: NCDEX : 00908

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