Stock skyrockets 12% after Ashish Kacholia raised his stake via preferential shares

SYNOPSIS: The company’s Board of Directors approved a Rs. 55 crore preferential issue to non-promoters, including Ashish Kacholia, raising his combined stake with Bengal Finance to 4.33 percent.

During Tuesday’s trading session, shares of a company engaged in manufacturing and supplying metallic flexible flow solution products surged nearly 12 percent on the BSE, after the company announced allotting shares to a renowned investor, Ashish Kacholia, on a preferential basis.

With a market cap of Rs. 2,426 crores, shares of Aeroflex Industries Limited were trading in the green at Rs. 187.6 on BSE, up by around 9 percent, as against its previous closing price of Rs. 172.7. The stock has delivered negative returns of over 21 percent in one year, and has fallen by nearly 7 percent in the last one month.

News

As per its latest regulatory filing, the Board of Aeroflex Industries Limited, at its meeting held on Tuesday, 3rd February, approved the allotment of 30,10,398 equity shares on a preferential basis at an issue price of Rs. 182.7 per share, including a premium of Rs. 180.7 per share.

The preferential issue has been allotted entirely to non-promoter investors. Key allottees include Ashish Rameshchandra Kacholia and its company Bengal Finance and Investment Private Limited, Sanjay Babulal Surana, Vaibhav Jayantilal Shah (on behalf of R K Investments, Partnership firm), Madhu Silica Private Limited, and Nareshkumar Mahasukhlal Mehta.

Post the preferential allotment, the renowned ace investor Ashish Rameshchandra Kacholia will see his shareholding increase from 25,98,080 shares (2.01 percent) to 30,08,589 shares, translating into a higher stake of 2.27 percent in the company, following the allotment of 4,10,509 additional equity shares.

Additionally, Ashish Kacholia’s investment firm Bengal Finance and Investment Pvt Limited will also see its stake increase from 23,15,935 shares (1.79 percent) to 27,26,444 shares (2.06 percent), following the allotment of another 4,10,509 equity shares.

Overall, a total of 8,21,018 equity shares have been allotted to Ashish Kacholia and his investment firm combined, taking their cumulative holding in Aeroflex Industries Limited to 4.33 percent.

Financials

Aeroflex Industries reported a significant growth in its revenue from operations, showing a year-on-year increase of around 21 percent from Rs. 100 crores in Q3 FY25 to Rs. 121 crores in Q3 FY26. Likewise, its net profit increased during the same period from Rs. 15 crores to Rs. 16 crores, representing a marginal rise of nearly 7 percent YoY.

Aeroflex Industries Limited is primarily engaged in the business of manufacturing stainless-steel flexible hose with braiding and without braiding and assemblies, widely used across diverse industries including oil & gas, aerospace, petrochemicals, renewable energy, electric mobility and other critical engineering sectors.

During Q3 FY26, the company expanded into the high-growth data centre and AI infrastructure segment, including skid assemblies and advanced flow control components for high-performance liquidcooling applications.

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