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Aeroflex Enterprises Shareholders Approve Disinvestment of Stake in M.R. Organisation Ltd
Shareholders of Aeroflex Enterprises Limited (formerly SAT Industries) have approved a special resolution for the disinvestment of the company's stake in its material subsidiary, M.R. Organisation Limited (MRO). The resolution was passed with a near 100% majority of the votes cast during the EOGM held on January 27, 2026. Total voting turnout represented 64.70% of the total shares, with 7.31 crore votes in favor and only 106 votes against. This move indicates a significant strategic shift in the company's asset portfolio.
Key Highlights
Special resolution passed for disinvestment of stake in material subsidiary M.R. Organisation Limited.
Total votes polled reached 7,31,64,350, representing 64.70% of the total 11.30 crore shares.
Approval rate was effectively 100%, with 7,31,64,244 votes in favor and negligible opposition.
Promoter group participation was 100% of their holding, contributing 5.83 crore votes in favor.
Public non-institutional participation stood at 27.40% of their total shares held.
💼 Action for Investors
Investors should monitor subsequent disclosures regarding the sale valuation and the intended use of the disinvestment proceeds. It is crucial to assess how the removal of this material subsidiary will impact the company's consolidated revenue and profit margins.