Please be informed that the Board of Directors of Aeroflex Industries Limited (the 'Company') at its meeting held today i.e., Saturday, December 14, 2024 have inter alia, approved the proposal for raising of funds in one or more tranches by way of issuance of such number of equity shares having face value ? 2/- each of the Company ('Equity Shares') for an aggregate amount not exceeding ? 4000 million (Rupees Four Thousand Million only) by way of qualified institutions placement ('QIP') or other permissible modes in accordance with the provisions of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 as amended from time to time and other applicable laws subject to the receipt of the necessary approvals including the approval of the members of the Company and other regulatory approvals, as may be required.