Sat Industries to enter business of stainless steel hoses and fittings

Through its investment in Aeroflex Industries

The Board of Sat Industries has decided to pursue new line of business related to stainless steel hoses and fittings, through conversion of its 0.01% compulsorily convertible preference shares of Tranche 1 and Tranche 2 into equity shares in Aeroflex Industries, a company engaged in the business related to stainless steel hoses and fittings.

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