Aerpace Industries Ltd Approves Issuance of Warrants, Appoints Independent Director
Aerpace Industries Limited announced several significant outcomes following its Board meeting held on July 9, 2026. The decisions included approving the issuance of convertible warrants and making key appointments regarding board governance.The Board approved the issue of up to 15,000,000 Convertible Warrants (Warrants). These warrants are each convertible into one fully paid-up equity share of the Company. The issue was designated as a Preferential Issue targeted at NK Family Private Trust, which belongs to the Promoter Group.
The total aggregate value for this issuance is set at ₹48,82,50,000. Each warrant is priced at ₹32.55, including a premium of ₹31.55.
Key details concerning the Convertible Warrants are presented in the table below:
| Particulars | Detail |
|---|---|
| Maximum Number of Warrants | 1,50,00,000 |
| Issue Price per Warrant | ₹32.55 |
| Aggregate Amount Raised | ₹48,82,50,000 |
| Investor | NK Family Private Trust (Promoter Group) |
| Conversion Terms | Each warrant is convertible into one equity share within a period of 18 months from the allotment date. |
In matters of board appointments and governance, the Board approved the appointment of Ms. Anshu Shukla Pandey as an Additional Director in the category of Non-Executive Independent Director. Her tenure spans five years, starting July 10, 2026, and concluding on July 9, 2031.
Ms. Pandey brings extensive experience from over 31 years in the Indian Revenue Service (IRS), where she served as a Principal Commissioner of Income Tax. She is currently associated with the International Monetary Fund (IMF) as a Short-Term Tax Administration Expert and possesses qualifications including a Master's Degree in International Development and Public Policy from Duke University, USA.
The Board also appointed Mr. Nikunj Pramodkumar Kampani and Mr. Rajnish Kumar as advisors to the Board of Directors, effective July 10, 2026. Both appointments are advisory in nature; neither role involves direct participation in decision-making or voting rights. Mr. Nikunj Kampani is a technology entrepreneur with over 25 years of experience across telecommunications and digital infrastructure, and he forms part of the Promoter Group. Mr. Rajnish Kumar, who previously served as Chairman of State Bank of India, was noted for steering the bank through challenging periods and its development of the YONO digital platform.
In other operational decisions made by the Board, a decision was made to seek shareholder approval via Postal Ballot regarding the availing of credit facilities up to ₹70,00,00,000 from Punjab National Bank to meet working capital and business requirements. The company also reviewed and reconstituted its board committees in light of the new Independent Director appointment.
The company's remote e-voting facility for matters requiring shareholder approval will commence on July 10, 2026, and is scheduled to remain open until August 8, 2026.
Stock Price Movement
Aerpace Industries Ltd settled at ₹30.17 at the close of trade today, gaining 5.56%. The shares spent the day moving within a defined trading band, ranging between an intraday low of ₹28.11 and a high of ₹30.50.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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