Aeroflex Enterprises Acquires Additional Stake in M.R. Organisation Limited
Aeroflex Enterprises Limited announced the successful acquisition of an additional equity stake in M.R. Organisation Limited (MRO). The transaction constitutes the third tranche of the share purchase agreement, significantly enhancing Aeroflex's holding in the utility services company.The company acquired 1,03,350 equity shares in MRO at a price of Rs 539.50 per share. The total value of this acquisition amounts to Rs 5,57,57,325/- (Rupees Five Crores Fifty-Seven Lakhs Fifty-Seven Thousand Three hundred and Twenty five only).
The acquisition was executed pursuant to the Share Purchase Agreement dated July 27, 2024, and a Deed of Amendment (DOA) dated April 21, 2026.
Consequent to this latest transaction, Aeroflex’s shareholding in MRO increased from 64% to 68% of the issued and paid-up share capital of MRO.
M.R. Organisation Limited Profile
MRO is involved in tech-based last-mile utility services to end-user industries, with its line of business encompassing products like air compressor parts and kits based on centrifugal, oil-free, lubricated, and reciprocating technologies. The company was incorporated on April 05, 2013.The company maintains a wide presence, operating across all 29 states in India via 59 locations and 5 warehouses. MRO also serves international markets, exporting to 75 countries and maintaining strategic locations in the USA, UK, and Europe, alongside a presence in the UK, USA, Belgium, and Portugal.
Acquisition Details
The acquisition details highlight the significant operational and financial scope of the deal:| Detail | Information |
|---|---|
| Target Entity | M.R. Organisation Limited |
| Consolidated Turnover | Rs 78.25 crores |
| Industry | Tech-based last-mile utility services to the end-user industries |
| Percentage of Shareholding Acquired | 4% |
| Number of Shares Acquired | 1,03,350 equity shares |
| Total Consideration Value | Rs 5,57,57,325/- |
| Cost of Acquisition | Rs 5,57,57,325/- |
| Per Share Price | Rs 539.50 |
| Completion Timeline | Third tranche completion by April 22, 2026 |
The company's past three years of consolidated turnover provide an overview of its financial trajectory:
| Fiscal Year End | Consolidated Turnover (Rs) |
|---|---|
| March 2025 | 78.25 crores |
| March 2024 | 68.37 crores |
| March 2023 | 71.62 crores |
AEROENTER Stock Price Movement
Today, Aeroflex Enterprises Limited shares edged higher, gaining 0.84% to settle at ₹88.07 after closing trades. The stock traded on a solid volume of 316,962 shares throughout the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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