Announcement • Jun 10
Aerpace Industries Limited Announces Resignation of Virendra Singh Verma as Non-Executive Independent Director and Member of the Audit Committee and Nomination & Remuneration Committee, Effective June 9, 2026 Aerpace Industries Limited announced that Mr. Virendra Singh Verma, Non-Executive Independent Director of the Company, had tendered his resignation from the office of Non-Executive Independent Director of the Company, with effect from the close of business hours on June 9, 2026. Consequently, he also ceased to be the member of the Audit Committee and Nomination & Remuneration Committee of the Company. The reason for resignation was due to health reasons. Mr. Virendra Singh Verma confirmed that there are no material reasons for his resignation other than those mentioned in the resignation letter. Mr. Virendra Singh Verma held directorship in Reliance Infrastructure Limited as Independent Director and was a member of the Audit Committee, Nomination and Remuneration Committee, Stakeholders Relationship Committee, and Risk Management Committee. Names of listed entities in which the resigning director holds directorships, indicating the category of directorship and membership of board committees, if any: Reliance Infrastructure Limited: 1. Audit Committee 2. Nomination and Remuneration Committee 3. Stakeholders Relationship Committee 4. Risk Management Committee. Announcement • May 05
Aerpace Industries Limited to Report Q1, 2027 Results on May 11, 2026 Aerpace Industries Limited announced that they will report Q1, 2027 results on May 11, 2026 New Risk • Dec 31
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 8.8% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₹322m free cash flow). Share price has been highly volatile over the past 3 months (8.8% average weekly change). Earnings have declined by 83% per year over the past 5 years. Revenue is less than US$1m (₹1.2m revenue, or US$13k). Minor Risk Market cap is less than US$100m (₹4.50b market cap, or US$50.1m). Announcement • Nov 04
Aerpace Industries Limited to Report Q2, 2026 Results on Nov 12, 2025 Aerpace Industries Limited announced that they will report Q2, 2026 results at 12:15 PM, Indian Standard Time on Nov 12, 2025 New Risk • Sep 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₹383m free cash flow). Earnings have declined by 84% per year over the past 5 years. Revenue is less than US$1m (₹1.5m revenue, or US$17k). Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Market cap is less than US$100m (₹3.57b market cap, or US$40.5m). Announcement • Jul 21
Aerpace Industries Limited, Annual General Meeting, Aug 11, 2025 Aerpace Industries Limited, Annual General Meeting, Aug 11, 2025, at 15:00 Indian Standard Time. New Risk • May 16
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -₹383m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₹383m free cash flow). Earnings have declined by 84% per year over the past 5 years. Revenue is less than US$1m (₹5.9m revenue, or US$69k). Minor Risk Market cap is less than US$100m (₹3.40b market cap, or US$39.7m). Announcement • Jan 29
Aerpace Industries Limited to Report Q3, 2025 Results on Feb 06, 2025 Aerpace Industries Limited announced that they will report Q3, 2025 results on Feb 06, 2025 New Risk • Nov 13
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -₹245m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₹245m free cash flow). Earnings have declined by 76% per year over the past 5 years. Shareholders have been substantially diluted in the past year (374% increase in shares outstanding). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (₹7.11b market cap, or US$84.3m). Announcement • Nov 04
Aerpace Industries Limited to Report Q2, 2025 Results on Nov 11, 2024 Aerpace Industries Limited announced that they will report Q2, 2025 results on Nov 11, 2024 Announcement • Aug 14
Aerpace Industries Limited, Annual General Meeting, Sep 20, 2024 Aerpace Industries Limited, Annual General Meeting, Sep 20, 2024. Announcement • Aug 05
Aerpace Industries Limited to Report Q1, 2025 Results on Aug 13, 2024 Aerpace Industries Limited announced that they will report Q1, 2025 results on Aug 13, 2024 Announcement • May 30
Aerpace Industries Limited announced that it expects to receive INR 264.838126 million in funding Aerpace Industries Limited announced a private placement of 13,436,739 common shares at a price of INR 19.71 per share for the gross proceeds of INR 264,838,126 on May 28, 2024. The shares will be issued on preferential basis. The transaction will include participation from Puneet Agrawal for 100,000 shares, Sunita Agarwal for 100,000 shares, Gothamchand A for 150,000 shares, Ranjana Kanda for 125,000 shares, Udit Aggarwal for 100,00 shares and other investors. The transaction has been approved by the shareholders of the company. Announcement • May 08
Aerpace Industries Limited to Report Q4, 2024 Results on May 14, 2024 Aerpace Industries Limited announced that they will report Q4, 2024 results on May 14, 2024 Announcement • Jan 23
Aerpace Industries Limited to Report Q3, 2024 Results on Jan 29, 2024 Aerpace Industries Limited announced that they will report Q3, 2024 results on Jan 29, 2024 New Risk • Jan 02
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 333% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (20% average weekly change). Earnings have declined by 52% per year over the past 5 years. Shareholders have been substantially diluted in the past year (333% increase in shares outstanding). Revenue is less than US$1m (₹20m revenue, or US$245k). Market cap is less than US$10m (₹697.0m market cap, or US$8.38m). Announcement • Dec 13
Aerpace Industries Limited Approves the Appointment of Neha Mankame as the Company Secretary and Compliance Officer The Board of Directors of Aerpace Industries Limited at its meeting held on 12th December 2023 has approved the appointment of Ms. Neha Mankame as the Company Secretary and Compliance Officer of the Company. Effective from 12th December 2023. Ms. Neha Mankame is Bachelor of Commerce from Mumbai University and also associate member of Institute of Company Secretaries in India. She has over 7 years of experience in the Secretarial and Legal functions in reputed Companies. Announcement • Dec 08
Aerpace Industries Limited Announces Resignation of Ms. Shalaka Modi as Company Secretary & Compliance Officer Aerpace Industries Limited announced that Ms. Shalaka Modi, Company Secretary & Compliance Officer of the company has resigned from the post of Company Secretary with effect from 8th December 2023 (close of Business Hours). Also consequent to her resignation Ms. Shalaka Modi ceases to be the Compliance Officer of the Company. New Risk • Oct 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 52% per year over the past 5 years. Revenue is less than US$1m (₹9.6m revenue, or US$116k). Market cap is less than US$10m (₹304.0m market cap, or US$3.66m). Minor Risk Share price has been volatile over the past 3 months (7.3% average weekly change). New Risk • Aug 20
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (9.3% average weekly change). Earnings have declined by 37% per year over the past 5 years. Revenue is less than US$1m (₹2.9m revenue, or US$34k). Market cap is less than US$10m (₹323.3m market cap, or US$3.89m). Announcement • Aug 16
Aerpace Industries Limited, Annual General Meeting, Sep 27, 2023 Aerpace Industries Limited, Annual General Meeting, Sep 27, 2023. Announcement • Aug 04
Aerpace Industries Limited to Report Q1, 2024 Results on Aug 14, 2023 Aerpace Industries Limited announced that they will report Q1, 2024 results on Aug 14, 2023 New Risk • Jul 25
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 8.7% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.7% average weekly change). Earnings have declined by 19% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (₹465.2m market cap, or US$5.69m). Announcement • May 10
Supremex Shine Steels Limited to Report Q4, 2023 Results on May 16, 2023 Supremex Shine Steels Limited announced that they will report Q4, 2023 results on May 16, 2023 Announcement • Feb 02
Supremex Shine Steels Limited to Report Q3, 2023 Results on Feb 09, 2023 Supremex Shine Steels Limited announced that they will report Q3, 2023 results on Feb 09, 2023 Valuation Update With 7 Day Price Move • Dec 22
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₹4.91, the stock trades at a trailing P/E ratio of 78.7x. Average trailing P/E is 24x in the Trade Distributors industry in India. Total returns to shareholders of 64% over the past three years. Valuation Update With 7 Day Price Move • Dec 02
Investor sentiment improved over the past week After last week's 18% share price gain to ₹4.12, the stock trades at a trailing P/E ratio of 66.1x. Average trailing P/E is 23x in the Trade Distributors industry in India. Total returns to shareholders of 37% over the past three years. Board Change • Nov 16
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Additional Independent Non-Executive Director Akanksha Bilaney is the most experienced director on the board, commencing their role in 2022. Non-Executive Independent Director Virendra Verma was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Nov 06
Supremex Shine Steels Limited to Report Q2, 2023 Results on Nov 14, 2022 Supremex Shine Steels Limited announced that they will report Q2, 2023 results on Nov 14, 2022 Announcement • Aug 07
Supremex Shine Steels Limited to Report Q1, 2023 Results on Aug 13, 2022 Supremex Shine Steels Limited announced that they will report Q1, 2023 results on Aug 13, 2022 Reported Earnings • Jul 15
Full year 2022 earnings released: ₹0.037 loss per share (vs ₹0.018 profit in FY 2021) Full year 2022 results: ₹0.037 loss per share (down from ₹0.018 profit in FY 2021). Net loss: ₹1.17m (down 308% from profit in FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance. Announcement • Jul 09
Supremex Shine Steels Limited, Annual General Meeting, Aug 04, 2022 Supremex Shine Steels Limited, Annual General Meeting, Aug 04, 2022. Announcement • May 08
Supremex Shine Steels Limited to Report Q4, 2022 Results on May 14, 2022 Supremex Shine Steels Limited announced that they will report Q4, 2022 results on May 14, 2022 Announcement • May 05
Supremex Shine Steels Limited Announces Board Changes The board of directors of Supremex Shine Steels Limited meeting held on May 4, 2022, the board approved the appointment of Mr. Virendra Singh Verma as a Non- Executive Independent Director of the Company for a term of five consecutive years subject to the approval of shareholders at the upcoming General Meeting of the Company. Approved the appointment of Mr. Sanjay Ram Takale as a Non - Executive Director of the Company subject to the approval of shareholders at the upcoming General Meeting of the Company. And approved reconstitution of committees of Board of Directors as follows: Audit Committee: Mrs. Akanksha Sunny Bilaney as Chairman, Mr. Virendra Singh Verma and Mr. Milan Shah as members; Nomination & Remuneration Committee: Mrs. Akanksha Sunny Bilaney as Chairman, Mr. Virendra Singh Verma and Mrs. Amisha Milan Shah as members; Stakeholder Relationship Committee: Mrs. Amisha Milan Shah as Chairman, Mrs. Akanksha Sunny Bilaney and Mr. Milan Shah as members. Board Change • Apr 27
Less than half of directors are independent There are 3 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Additional Independent Non-Executive Director Akanksha Bilaney is the most experienced director on the board, commencing their role in 2022. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Is New 90 Day High Low • Feb 25
New 90-day high: ₹6.48 The company is up 431% from its price of ₹1.22 on 27 November 2020. The Indian market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Trade Distributors industry, which is up 88% over the same period. Executive Departure • Feb 20
Independent Director has left the company On the 11th of February, Venkateswara Suram's tenure as Independent Director ended after 10.0 years in the role. We don't have any record of a personal shareholding under Venkateswara's name. A total of 2 executives have left over the last 12 months. Executive Departure • Feb 20
Independent Director has left the company On the 11th of February, Siddhartha Shah's tenure as Independent Director ended after 9.0 years in the role. We don't have any record of a personal shareholding under Siddhartha's name. A total of 2 executives have left over the last 12 months. Announcement • Feb 19
Supremex Shine Steels Limited Announces Board Appointments Supremex Shine Steels Limited at its board of directors meeting held on February 10, 2021 approved the appointment of Mr. Paresh Tulsidas Vora and Mr. Anil Govindas Popat as an Additional Directors of the company (Category-Independent, Non Executive) with effect from 10 February, 2021 upto the upcoming Annual general Meeting of the company. Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improved over the past week After last week's 16% share price gain to ₹4.20, the stock is trading at a trailing P/E ratio of 57x, up from the previous P/E ratio of 49x. This compares to an average P/E of 31x in the Trade Distributors industry in India. Total return to shareholders over the past three years is a loss of 78%. Announcement • Feb 06
Supremex Shine Steels Limited to Report Q3, 2021 Results on Feb 12, 2021 Supremex Shine Steels Limited announced that they will report Q3, 2021 results on Feb 12, 2021 Is New 90 Day High Low • Feb 02
New 90-day high: ₹3.48 The company is up 181% from its price of ₹1.24 on 04 November 2020. The Indian market is up 22% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Trade Distributors industry, which is up 54% over the same period. Is New 90 Day High Low • Jan 12
New 90-day high: ₹2.80 The company is up 93% from its price of ₹1.45 on 14 October 2020. The Indian market is up 24% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Trade Distributors industry, which is up 59% over the same period. Valuation Update With 7 Day Price Move • Dec 31
Investor sentiment improved over the past week After last week's 17% share price gain to ₹2.39, the stock is trading at a trailing P/E ratio of 32.4x, up from the previous P/E ratio of 27.7x. This compares to an average P/E of 31x in the Trade Distributors industry in India. Total return to shareholders over the past three years is a loss of 91%. Valuation Update With 7 Day Price Move • Dec 28
Investor sentiment improved over the past week After last week's 15% share price gain to ₹2.14, the stock is trading at a trailing P/E ratio of 29x, up from the previous P/E ratio of 25.2x. This compares to an average P/E of 30x in the Trade Distributors industry in India. Total return to shareholders over the past three years is a loss of 92%. Is New 90 Day High Low • Dec 21
New 90-day high: ₹1.86 The company is up 8.0% from its price of ₹1.72 on 22 September 2020. The Indian market is up 20% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Trade Distributors industry, which is up 45% over the same period. Valuation Update With 7 Day Price Move • Dec 12
Investor sentiment improved over the past week After last week's 19% share price gain to ₹1.41, the stock is trading at a trailing P/E ratio of 19.1x, up from the previous P/E ratio of 16x. This compares to an average P/E of 25x in the Trade Distributors industry in India. Total return to shareholders over the past three years is a loss of 95%. Announcement • Nov 07
Supremex Shine Steels Limited to Report Q2, 2021 Results on Nov 12, 2020 Supremex Shine Steels Limited announced that they will report Q2, 2021 results on Nov 12, 2020 Is New 90 Day High Low • Nov 02
New 90-day low: ₹1.28 The company is down 4.0% from its price of ₹1.34 on 04 August 2020. The Indian market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Trade Distributors industry, which is up 60% over the same period. Announcement • Jun 18
Supremex Shine Steels Limited to Report Q4, 2020 Results on Jun 24, 2020 Supremex Shine Steels Limited announced that they will report Q4, 2020 results on Jun 24, 2020 