Aeroflex Industries Share price

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 India2011- Tie-up with ‘Victaulic U.S.A.’2014- Entry of the Company into the Chinese market2015 & 2016- Export operations of the Company extended beyond fifty (50) countries- Company surpassed a gross turnover of Rs. 1000.00 million2019- Incorporation of the U.K. Subsidiary2020- Development of ‘Turbine Hose Assemblies’- Export operations of the Company extended beyond eighty (80) countries2021 & 2022- ‘Two Star Export House’ certification received from Government of India2022- Company surpassed gross turnover of Rs. 2000.00 million recording a growth of 66.03%. compared to previous Fiscal- Great Place to Work certificate issued by Great Place to Work Institute India.