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SkyAI rejects Forward Industries bid, plans $3.00/share tender offer for up to 95% of shares

Shares of Aeroflex Industries surged 12.92% to Rs 587.70 on Monday, as investors anticipated the company's board meeting on October 14 to discuss expansion plans. The stock reached an intraday peak of Rs 599.70. The board will convene on Wednesday, October 14, at 10:30 am, to assess and endorse the expansion initiatives. Although the filing does not specify the exact facilities or product lines slated for growth or the proposed investment, the meeting could offer additional insights into the strategies.

Over the past week, Aeroflex Industries shares have risen 7.76% and increased 4.02% in the last month. The stock has climbed 204.55% in 2026 and generated returns of 239.06% over the past year, with three-year gains amounting to 271.03%. As of the latest update, the company's market capitalization is approximately Rs 7,715 crore, with a trading volume of 52.07 lakh shares and a traded value of Rs 302.23 crore.

Aeroflex Industries has notified the exchanges that its trading window is presently closed under its code of conduct to prevent insider trading, following a prior notice on September 28. Currently, the market's focus is on the upcoming board meeting, where the expansion proposals will be evaluated.

Written by urgent.news from The Economic Times - Top News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

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