SMALLCAP AEROSPACE COMPANY APPOINTS TWO HEAVYWEIGHT INDEPENDENT DIRECTORS

has appointed two heavyweight independent directors last month. These are Retd Air Chief Marshal V.R. Chaudhari (former Chief of the Air Staff) and Shyamala Venkatachalam (a veteran corporate law and regulatory specialist). By bringing these two as Additional Independent Directors the company is preparing for a more consequential role in India’s defence ecosystem, one that goes well beyond being a precision component supplier. With a market cap of Rs 5,967 crores, the company's stock price has seen a 40% surge in the past 4 months, and is currently trading at a discount of 10% from it's all time high levels. This change in corporate governance can help the company expand it's outreach and increase it's renevue in the coming years.