Corporate News
Aeroflex Neu Limited, formerly Sah Polymers Limited, has called an Extraordinary General Meeting (EGM) on Thursday, October 22, 2026, at 11:00 AM in Udaipur, Rajasthan, to seek shareholder approval on several resolutions. The meeting agenda includes a special resolution to alter the company’s object clause and modify the utilization of funds from a previous warrant issue. Shareholders will also vote on ordinary resolutions approving material related-party transactions involving loans, borrowings, and financial assistance totaling up to Rs 130 Crores from Aeroflex Enterprises Limited and Aeroflex Finance Private Limited, with interest rates between 9% and 12% and a tenure of up to three years. Directors Asad Daud and Harikant Ganeshlal Turgalia have an interest in these resolutions, and shareholders are encouraged to review the accompanying statement of material facts and related party financial data, which includes turnover, net worth, and net profits for the fiscal year 2025-26.