Acquisition announced

Update on Acquisition of Equity Stake in Stilonn Valves and Controls Private Limited ("Stilonn") by Aeroflex Neu Limited, Material Subsidiary of the Company. the acquisition of an aggregate 7,27,040 equity shares of Stilonn through a combination of purchase. acquisition of equity stake to the stock exchanges which is enclosed herewith.

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