Aerpace Industries Ltd Board Approves Amalgamation Scheme, RSU Grant

Aerpace Industries Ltd announced that its Board of Directors has approved a Scheme of Amalgamation between Aerpace Robotics Private Limited and the Company. This scheme is subject to regulatory and shareholder approvals. Additionally, the Board approved the grant of 500,000 Restricted Stock Units (RSUs) to a Non-Executive Director and the allotment of 865,322 equity shares to employees upon exercise of RSUs. This allotment increases the company's paid-up equity share capital. The amalgamation aims to simplify the group structure, integrate technologies, and create a comprehensive player in next-generation aviation and mobility solutions.