Update on acquisition of Equity Shares of Aerolex Cables Private Limited

Update on acquisition of Equity Shares of Aerolex Cables Private Limited. With reference to our earlier intimation dated October 30, 2026, regarding the acquisition of equity stake. Aerolex stands at 55% of its issued and paid-up equity share capital, thereby resulting in Aerolex becoming.

An acquisition spends cash or issues shares today for earnings that arrive later, so the price paid and the funding route decide whether holders gain.

• Consideration and how it is funded
• Revenue and profit of the target
• Expected completion date